In the statements issued by the Electricity Users of Finland (ELFi), a key theme is the view that predictable and consistent electricity policy provides a strong foundation for Finland’s competitiveness.
In our view, only a stable and competitive electricity price enables energy-intensive companies to plan their investments and operations with a long-term perspective. A stable operating environment reduces corporate risks and lowers the cost of capital, thereby strengthening the competitiveness of Finnish products and services in international markets.
Finland should enhance its competitiveness by taking a more active role in shaping EU directives and regulation. Political-level EU advocacy should ensure that the specific characteristics of Finnish business and industry—such as energy-intensive export sectors—are duly taken into account. Proactive dialogue and identifying the right partner countries would help mitigate economic risks and support the development of solutions that improve price stability in electricity and advance the evolution of the electricity market.
ELFi promotes networking and information exchange within the EU, ensuring that Finnish electricity users have a constructive voice in EU electricity policy. Close stakeholder cooperation and functional dialogue in the EU allow companies in Finland to prepare for changes in good time.
Changes in electricity market regulation merit greater attention than they currently receive. Managed and predictable regulation supports the adaptability of businesses and reinforces market efficiency. When regulatory changes are designed with a long-term approach and in cooperation with electricity users, the impacts of such changes on the competitiveness of the EU and Finland can be assessed effectively already at the planning stage.
The Electricity Users of Finland urges political decision-makers to recognise that the planning and construction phases of investments in energy-intensive industries are significantly longer than a single parliamentary term in Finland.
If every newly elected Parliament and Government seeks to leave its own imprint on electricity taxation or other key electricity market rules during each electoral cycle, we undermine stability and investor confidence in continuity. As a result, investments subject to global competition will not be directed to Finland.