A decision on cost allocation by the energy authorities is a prerequisite for EU funding.
Electrical transmission line cost full#
According to the decision, Fingrid Oyj is responsible for the investments in the cross-border transmission link project that take place in Finland in full and for 80% of the transmission line investments on the Swedish side of the border. The proposal was based on a cost-benefit analysis, according to which Finland will benefit the most from the project. The decisions are in line with the cost allocation proposal submitted by the transmission system operators to the energy authorities. On 12 March, the Finnish Energy Authority and the Swedish Energy Markets Inspectorate issued decisions on the project’s cost allocation. As part of the PCI procedure, the transmission system operators submitted an investment request to the Finnish and Swedish energy authorities last September. The joint project of Fingrid and Svenska kraftnät has been included on the European Commission’s list of Projects of Common Interest (PCI). The third AC connection to Sweden will be completed in 2025. Furthermore, insufficient connections endanger the sufficiency of electricity in Finland in exceptional situations. In an import situation, this has resulted in price increases in Finland. The cross-border capacity between the countries has at times been inadequate, leading to the electricity market not functioning efficiently and electricity prices diverging between the countries. The third 400 kV cross-border connection is based on the need of the electricity market to increase electricity transmission between Sweden and Finland. The transmission line, scheduled to be completed in 2025, will even out the price differences between the countries and improve the sufficiency of electricity.įingrid is, in cooperation with the Swedish transmission system operator Svenska kraftnät, preparing a new transmission line from Pyhänselkä in Muhos via Keminmaa to Messaure on the Swedish side of the border. The joint project of the transmission system operator Fingrid Oyj and the Swedish TSO Svenska kraftnät for a third cross-border electricity line between the countries was issued a decision on cost allocation by the energy authorities. New electricity transmission connection to Sweden is progressing – Energy authorities issued a decision on the project’s cost allocation