Report summary: Economic analysis of the ETS Market Stability Reserve effects on Finnish electricity price

The study assessed the effects of the ETS Market Stability Reserve on the wholesale prices of Finnish electricity. The report is the first survey included in the intensified impact assessment of EU legislation which started in the Prime Minister's Office this year.

The new market stability reserve for the EU's emissions trading scheme (ETS) will bridge the gap between Finnish and other Nordic electricity wholesale prices. In addition, the relative competitiveness of Nordic electricity in the export market will improve in comparison to European electricity as the market stability reserve will raise the price of electricity produced in Central Europe more than in the Nordic electricity market. In the Nordic market, a larger proportion of electricity is produced by using renewable, emission-free energy sources.

The Market Stability Reserve will raise wholesale electricity prices in Finland. The report says that, after industry, the extra costs will for the most part affect households and agriculture.

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