FINLAND Trends and Developments Contributed by: Tarja Pirinen, Marius af Schultén, Fiiu Linninen and Noora Ahonen, Castrén & Snellman
tial increase in the excise tax on electricity consumed in mines. The excise duty on electricity in Finland is divided into two tax brackets: the general electricity Tax Bracket I is 2.24 cents per kilowatt-hour, while lower Tax Bracket II is only 0.05 cents per kilowatt- hour. Electricity used in mining has previously been taxed at the lower rate of Tax Bracket II, which was effectively a tax subsidy. However, following the legis - lative amendment to the Act on Excise Duty on Elec -
tricity and Certain Fuels (1118/2025) that entered into force on 1 January 2026, general mining electricity has been moved to general Tax Bracket I, which has increased the price of electricity for the mining sec - tor by 2.19 cents per kilowatt-hour and resulted in an almost forty-five-fold increase in the electricity excise duty. In addition, a security of supply levy of 0.013 cents per kilowatt-hour is levied on electricity in both tax brackets.
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