Act on the Supervision of t... - Finland - Climate Change Laws of the World

Finland

Act on the Supervision of the electricity and gas market (590/2013)

Legislative

Law

Passed in 2013

The act establishes an institutional system and legal context in supervising and controlling the energy market through the Energy Market Authority. It aims to supervise and control the electricity and gas market to promote efficient, safe and environmentally sustainable activities at the national and regional levels as well as to influence the European Union's internal market for to ensure energy consumers good delivery of services, competitive prices and equitable principles.

The act enable powers for theEnergy Market Authority to promote: efficient, cost-effective, secure and environmentally sustainable and customer friendly national markets; competitive and well-functioning regional markets in the European Economic Area; influence the removal of restrictions on electricity and natural gas trade between EEA Member States; enforcement; co-operation between other agencies and regulators; adequate transmission capacity and efficiency of networks; integrate renewable; remove any barriers to new market entrants; ensure appropriate incentives to increase system efficiency and foster market integration; promote effective competition as well as consumer protection including protection of vulnerable customers.