In June, the Consumer Disputes Board (Kril) ruled that fixed-term electricity contracts must be adjusted if they are more than 15 percent higher than the average price.
Yle approached 11 Finnish electricity suppliers that together make up nearly 90 percent of the entire electricity market. The majority of Finland's largest electricity suppliers told Yle they do not intend to comply with the board's ruling regarding price adjustments for fixed-term electricity contracts.
According to KRIL, fixed-term electricity contracts should be retrospectively adjusted if the signed contract is significantly more expensive than the average contract price.
One of the respondents, the electricity company Oomi, has not yet made a decision. All of the other companies said that they will not follow Kril's guidelines.
The board's decisions are essentially recommendations, but usually, large companies follow them almost without exception. There are, however, no legal consequences for not adhering to the Consumer Disputes Board's recommendations.