The total electricity consumption in Finland in 2018 was 87 terawatt hours (TWh). The consumption increased by two percent compared to the previous year. The share of net electricity imports was 23 percent (23.9 TWh) of the total consumption. The amount of nuclear power generated in 2018 was 22 TWh, which accounted for 25 percent of the electricity procured.
In January 2018, the Ministry of Finance requested an opinion on a draft bill aimed at amending the provision in the legislation on taxation of business income, which limits the right to deduct interest. TVO proposed amendments to the draft bill to avoid additional burden to the energy sector. Parliament enacted the first part of the draft bill in November 2018, but preparation of the second part still continues. First amendments entered into force on 1 January 2019. Parliament pointed out in its statement that in the next phases of legislative preparation process the possibility of excluding Mankala companies from the limited right to deduct interest must be resolved.
Preparation of the “Clean Energy for all Europeans” package published by the European Commission in November 2016 continues in respect of electricity market model. Energy efficiency directive, renewable energy directive and the legislative proposals on regulation of Energy Union were enacted in December 2018.
The Commission published a new climate strategy that reaches to the year 2050 aiming to a carbon neutral society. The strategy will direct EU’s climate and energy policy during the term of the next Commission. In the strategy, nuclear energy is considered a pivotal part of European energy system beside renewable energy sources.
