Energiavirasto

What Energiavirasto does

Energiavirasto (the Finnish Energy Authority) is a national government regulatory agency operating under Finland's Ministry of Economic Affairs and Employment, headquartered at Opastinsilta 12, Helsinki. Founded in 1995 with approximately 100+ employees, the agency is responsible for supervising and promoting the functioning of Finland's electricity and gas markets, advancing emission reductions, enforcing energy efficiency obligations, and supporting renewable energy deployment. Its mandate also extends to administering the EU Emissions Trading Scheme (ETS1 and ETS2) and ensuring supply security and reliability of electricity and gas networks.

The agency's core technology footprint consists of nine interconnected electronic service systems that regulated entities, network operators, and consumers must use for statutory compliance and market participation. These include FINETS (ETS1 emissions reporting and free allocation), ETS2 (fuel emissions trading), REKA (the Union emissions trading registry), VERTTI (network supervision data including NIS2 cybersecurity reporting), TAKILA (competitive tendering for electric transport, hydrogen, and biogas infrastructure support), KEKRI (sustainability criteria for biomass and biofuels), SATU (renewable production support), TESSA (industrial electrification support), and SHV/Sähkön hintavertailu (a consumer-facing electricity price comparison service). Authentication is centralized via Suomi.fi, creating a single integrated regulatory transaction platform for the Finnish energy sector.

Energiavirasto does not generate commercial revenue. It is funded entirely through Finnish state appropriations and operates as a public-interest regulatory body that does not charge fees for its supervisory or market-promotion functions. Its "customers" are statutory stakeholders: energy producers, network operators, energy retailers, industrial energy users, public sector organizations, and Finnish households. The agency's measurable outcomes include a 1.4 million tonne reduction in verified EU ETS emissions in 2025 (a 10.5% decrease to 11.9 million tonnes), record-high renewable energy share in the energy mix, and over 25% growth in solar power production capacity reaching approximately 1,600 MW by end of 2025. The agency also pursues active market supervision, exemplified by proposing a €9.25 million administrative fine against Kinect Energy Sweden AB for REMIT market manipulation in April 2026, and a €17 million penalty previously imposed on Gasum Oyj for Natural Gas Market Act violations.

Name

Energiavirasto

Legal name

Energiavirasto

Website

https://energiavirasto.fi

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

Energiavirasto (Finnish Energy Authority) is Finland's national government regulatory agency supervising electricity and gas markets, administering EU emissions trading, and enforcing renewable energy and energy efficiency policy through nine integrated e-service systems serving operators, industry, and consumers.

Ownership category

akta.pro rank

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Others

Revenue model

1. Government Funding: Energiavirasto is a Finnish government agency funded by the state budget. The agency handles energy and climate policy implementation tasks, with supervision and promotion of energy markets, emission reductions, energy efficiency, and renewable energy use.

Distribution channels3 records

Marketing channels5 records

Core offering

Energiavirasto is Finland's national regulatory authority supervising and promoting the functioning of electricity and gas markets, emission reductions, energy efficiency, and the use of renewable energy. The agency operates a portfolio of electronic service systems (FINETS, ETS2, REKA, VERTTI, TAKILA, KEKRI, SATU, TESSA, SHV) that administer EU emissions trading, network operator supervision, renewable energy support programs, infrastructure tendering, sustainability criteria compliance, and an impartial consumer electricity price comparison service.

Product overview

Energiavirasto (Finnish Energy Authority) is a regulatory agency overseeing energy markets, not a commercial product company. Its 'products' are a portfolio of government e-service systems serving regulatory functions: ETS2, REKA, FINETS, and Ilmaisjako-FINETS for emissions trading; VERTTI for supervision data; SATU for production support; TESSA for electrification support; TAKILA for infrastructure tendering; KEKRI for sustainability criteria; and SHV (Sähkön hintavertailu) for electricity price comparison. These are interconnected regulatory transaction processing systems, not a unified platform with optional modules.

Differentiator

Problem solved

Functional benefit

Products and services

• ETS2 (Fuel Emissions Trading Service) Electronic transaction processing system for fuel emissions trading under the EU Emissions Trading Scheme 2, enabling regulated entities to submit emissions reports and manage compliance. Used by fuel suppliers and distributors in Finland.
• REKA (Emissions Trading Registry) Electronic case management system for the emissions trading registry (Union registry) enabling account holders to submit applications related to emissions trading accounts. Used by operators and account holders under the EU ETS scheme.
• FINETS (ETS1 Emissions Trading System) Electronic system for ETS1 emissions trading, enabling submission of emissions reports, monitoring plans, and free allocation of emissions allowances. Used by operators of EU ETS1 installations in Finland.
• VERTTI (Supervision Data System) Supervision data system for electricity and natural gas network operators to submit monitoring data, including network structure information, technical key figures, and cybersecurity actor information under NIS2.
• TAKILA (Infrastructure Support Tendering Platform) Electronic tendering platform for infrastructure support for electric transport, hydrogen, and liquefied renewable gas infrastructure, used for competitive bidding and payment applications.
• KEKRI (Sustainability Criteria System) Electronic system for sustainability criteria compliance, allowing operators using biomass fuels or bioliquids to submit sustainability system applications and annual sustainability reports.
• SATU (Production and Compensation Support System) Production and compensation support electronic service system for applying for renewable energy production support and ETS compensation. Used by renewable energy producers in Finland.
• TESSA (Industrial Electrification Support System) Electronic service system for industrial electrification support, enabling application submission and use plan management. Used by industrial enterprises seeking electrification subsidies.
• SHV - SäHKöN Hintavertailu (Electricity Price Comparison) Impartial electricity price comparison service providing consumers information on electricity sales products and prices, allowing comparison based on postal code and including all retailers' generally available products.

Quantifiable outcome

• Verified emissions from Finnish EU ETS installations fell by 1.4 million tonnes in 2025 (to 11.9 million tonnes, 10.5% decrease from previous year)
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Three partnerships are on record, tiered core.

• Nordic Energy Regulators (NordREG)coreStrategic or Co-development PartnerNordic cooperation between energy regulators for market surveillance, REMIT compliance, and wholesale energy market oversight. Hosts joint REMIT seminars and coordinates regulatory approaches across Nordic countries.
• Motiva OycoreStrategic or Co-development PartnerFinnish sustainable development company that implements energy efficiency promotion tasks for Energiavirasto. Conducts advisory services, manages energy efficiency agreements, and provides expertise on energy efficiency policies.
• ACER (Agency for the Cooperation of Energy Regulators)coreStrategic or Co-development PartnerEU-level agency coordinating national regulators on electricity and gas market regulation. Energiavirasto participates in ACER's REMIT surveillance through CEREMP registration system.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Office of Gas and Electricity Markets (Ofgem): UK regulator for electricity and gas markets, including network price controls and retail consumer protection. Direct analogue in terms of mandate breadth and consumer-comparison services.
• Bundesnetzagentur (BNetzA): Germany's federal energy regulator with jurisdiction over electricity, gas, telecommunications, and post markets. Scale and breadth of regulatory mandate make it the largest comparable EU national energy regulator.
• Comisión Nacional de los Mercados y la Competencia (CNMC): Spanish National Commission on Markets and Competition includes energy-market supervision alongside competition policy. Comparable in combining energy regulation with broader economic regulation responsibilities.
• Energimarknadsinspektionen (Ei): Swedish Energy Markets Inspectorate regulates electricity and natural gas markets, network tariffs, and consumer protection in Sweden. Closest Nordic peer to Energiavirasto given overlapping statutory duties, similar regulatory toolset, and active NordREG cooperation.
• Energistyrelsen (Danish Energy Agency): Denmark's combined energy policy and regulatory authority overseeing electricity, gas, renewable energy, and energy efficiency. Highly comparable regulatory scope, e-service portfolio, and climate-policy execution mandate.
• Norges vassdrags- og energidirektorat (NVE): Norwegian Water Resources and Energy Directorate regulates Norwegian energy markets, grid operations, and renewable-energy licensing. Comparable Nordic regulator with overlapping electricity-market and energy-resource mandates.
• Commission de régulation de l'énergie (CRE): French independent energy regulatory commission overseeing electricity and gas markets and network access. Comparable continental European regulator with similar e-service and enforcement toolkit.

Broad incumbents

• Agency for the Cooperation of Energy Regulators (ACER): EU-level agency coordinating national regulators on cross-border electricity and gas issues, including REMIT/CEREMP surveillance. Energiavirasto participates in ACER as a national regulator; ACER is the upstream coordinator rather than a competitor.

Regional players

• Australian Energy Market Commission (AEMC): Australian rule-maker and energy-market adviser with statutory authority over the National Electricity Market and gas markets. Comparable in scope and e-service-driven regulation, but operates in a different geographic and legal jurisdiction.

Others

• Motiva Oy: Finnish state-owned sustainable development company that delivers energy-efficiency programmes (audits, agreements, advisory services) on contract from Energiavirasto. Direct implementing partner rather than a peer regulator; included because it materially extends Energiavirasto's operational footprint.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/energy-authority
• Instagraminstagram.com/energiavirasto
• Xx.com/energiavirasto

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Energiavirasto