Thank you for joining this morning's Energy Committee. Four expert contributions that gave us a comprehensive picture of where Finland's energy landscape stands and where it is heading.

Here is what we take away from each intervention:

Janne Kerttula - Finnish Energy / Euroheat

The transformation of Finland's district heating sector is one of the most underreported energy success stories in Europe. The rise of electric boilers is particularly significant: they absorb excess electricity when prices are low, support grid balancing, and act as a bridge between the electricity and heating systems. District heating is no longer just a heat infrastructure: it has become a flexibility platform for the entire Finnish energy system, while increasing energy sovereignty. Worth mentioning that energy production is the sector emitting less CO2 emissions in Finland, which makes it a powerful leverage to decarbonize the economy.

Joffrey Faucon - Nord Pool

The Nordic energy market has entered a new regime. The assumption that Northern Nordic prices are structurally the lowest in Europe no longer holds in 2026. Norwegian hydro reservoirs are at historically low levels, the Estlink 2 cable failures have constrained Finland-Estonia interconnection capacity, and renewables build-out in the Baltics is accelerating, all reshaping price dynamics across the region. The core message: price volatility is now a structural feature of the market, not an exception. Companies need to plan accordingly.

Lauri Muranen - Steady Energy

A compelling case for nuclear district heating as the next frontier of Finland's energy transition. Nuclear heat offers near-total process efficiency, price stability and energy independence in a way no fossil fuel alternative can replicate. What makes this particularly credible is the pace of adoption: four Finnish cities are now actively pursuing nuclear heating, Helsinki is actively pursuing the path to become the world's first nuclear-heated capital, with multiple cities now following.

Tuomas Näsi & Noora Lindqvist - HPP

The Guarantees of Origin (GO) framework is being updated to implement the RED III directive. The system is largely unchanged, but the most substantive amendment concerns waste heat: waste incineration plants producing heat from pre-sorted mixed waste would be eligible for GOs.  A key practical point: there is no requirement for a physical connection to a heating network to obtain heat and cooling GOs. The implementation timeline has already been exceeded, and the amended legislation needs to enter into force as soon as possible.