News / Gasgrid Finland has launched a public consultation on the Reference Price Methodology applicable in Finland on 1st of April 2020

Gasgrid Finland has launched a public consultation on the Reference Price Methodology applicable in Finland on 1st of April 2020

From the very beginning of 2020, Finland is following the gas regulations of the European Commission as the Finnish gas market was opened up to competition. One key regulation is the Network Code on harmonised transmission tariff structures for gas (TAR NC). The TAR NC imposes an obligation to consult on the reference price methodology (RPM) used in tariff setting.

Please find the consultation material here.

Before the final tariffs for 2021 can be set, the Energy Authority shall approve the RPM according to the following schedule:

The consultation includes, inter alia: a description of the proposed reference price methodology and a comparison of the indicative reference prices (tariff of annual product) of postage stamp methodology and capacity weighted distance (CWD) methodology, preliminary information on TSO’s allowed revenue for 2021, commodity tariff estimates and non-transmission tariff estimates.

ACER shall analyze the content of the consultation document considering the inclusion of TAR NC Article 26 requirements, and shall publish its analysis no later than two months after the end of the consultation. Taking into account the analysis of ACER and the market paricipants’ opinions received, the Energy Authority will make a final decision on the Reference Price Methodology to be applied in Finland. The decision will be made by 1st October 2020.

Gasgrid Finland invites all interested parties to submit comments and proposals for this consultation document by e-mail to the e-mail addresses commercial@gasgrid.fi and kirjaamo@energiavirasto.fi by 23.59 (EEST) on 1 June 2020.

Further information on the consultation material and the consultation process gives Mika Myötyri, gas market specialist of Gasgrid Finland,  mika.myotyri@gasgrid.fi, p. +358 45 112 4515.

Gasgrid Finland Oy is a Finnish state-owned gas transmission system operator with system responsibility. Our task is to ensure safe, cost-efficient and reliable gas transmission for our customers and society. We actively develop our infrastructure, services and the gas market to promote a carbon-neutral energy system of the future. Read more: www.gasgrid.fi

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