Power Loss Procurement - Invitation to Participate and Initial Call for Tenders

The power loss procurement for the agreement period January 1st 2025 – December 31st 2029 (the Agreement). Note: This procurement is concidering Power Losses and is under section 23 of the Electricity Market Act (588/2013, as amended) regulates that the distribution system operator shall acquire the energy to cover network losses following open, non-discriminatory, and market-based procedures. This procurement does not fall under the jurisdiction of Finnish public procurement law (1397/2016 Act on Public Procurement and Concession Contracts; 1398/2016). The power losses concern electricity losses caused by operations of the distribution network; heat losses, buildings and devices required in distribution network. The power loss energy must be CO2 free (nuclear or renewable electrical) energy and shall be delivered from Finland, Denmark, Norway or Sweden (backed by Guarantee of Origin) with a fixed price. The total volume of energy is approximately 80 GWh/year (400 GWh total) and the value of the Agreement is approx. EUR 25 million (€25 000 000). Within this procurement Elenia Verkko Oyj forms the Agreement and selects the supplier for Agreement from January 1st 2025 to December 31st 2029. Elenia Verkko Oyj’s aim is to have four to five similar Agreements for power losses in the coming years. Suppliers for the next Agreements will be selected in a separate procurements later.