Finland

Index rank 09

Balance Score

AAB

Energy Trilemma Index Rankings and Balance Score

 2013  2014  2015  Trend Score
Energy Performance  17  10  11   
Energy Security  37  26  23  A
Energy Equity  21  16  16  A
Environmental Sustainability  45  37  51  B
         
Contextual Performance  6  7  11   
Political Strength  2  2  2   
Societal Strength  1  3  3   
Economic Strength  34  20  27   
         
Overall Rank  13  8  9  AAB
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Fossil Fuel Reserves

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Key Metrics

Industrial sector (% of GDP) 27.0
TPEP / TPEC  (net energy importer) 0.37
Emission intensity (kg CO2 per USD) 0.29
Energy affordability (USD per kWh) 0.20
GDP / capita (PPP, USD); GDP Group 40,011 (I)
Energy intensity (million BTU per USD) 0.19
CO2 emissions (metric tons CO2 per capita) 9.03
Population Access to Electricity (%) 100.0
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Index Commentary

Finland�s overall Index ranking remains mostly unchanged. Finland continues to balance the three sides of the energy trilemma well with a slight deterioration in environmental sustainability performance. The rise in energy security is mostly driven by an increase in oil and oil product stocks. Energy equity performance continues to be strong as gasoline and electricity prices are stable and the perceived quality of the electricity supply improves. Environmental sustainability continues to be Finland�s weakest energy dimension. Performance on contextual indicators remains excellent, although economic strength stays lower than societal and political strength due to the relatively high cost of living.

Trends and Outlook

Even though Finland�s electricity fuel mix still shows a large share of conventional thermal power generation, it has to be noted that three-quarters of that figure is combined heat and power production. This should not be viewed as conventional because it reaches efficiency ratios up to two times compared to conventional thermal generation.

Recent energy policy developments in Finland include: 1) streamlining the approval of wind farms; 2) tax hikes on fossil fuels in heat generation that will mainly affect light fuel oil in domestic heating and other fossil fuels in district heating and industrial cogeneration, and which will increase costs but also �clean� the fuel mix; and 3) nuclear, biomass and waste (CHP), and wind power are high on the agenda, and their share in the electricity generation mix is expected to grow significantly.