Finnish Energy Authority
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Finnish Energy Authority
The Finnish Energy Authority () is an expert authority within the Ministry of Economic Affairs and Employment in Finland. It was initially named Electricity Market Center (SMK) and before the most recent name change, Energy Market Authority (EMV). Background Electricity transmission in Finland is a natural monopoly, managed by regional transmission companies. The Energy Authority oversees these companies to ensure they do not abuse their monopoly position and overcharge their customers. Functions The Energy Authority's tasks include monitoring the pricing of the electricity transmission grid and natural gas markets, and maintaining Finland's national emission trading registry. The agency also provides information on electricity prices to consumers to support the competition of electricity suppliers. Additionally, the Energy Authority oversees the implementation of electricity origin guarantees, ensuring that the amount of energy sold to consumers by energy companies, such as win ...
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Sörnäinen
Sörnäinen (; ''Sörkkä'' or ''Sörkka'' in Helsinki slang) is a Subdivisions of Helsinki#Neighbourhoods, neighbourhood in the city of Helsinki, Finland. Sörnäinen is located a little more than one kilometre north from the coastal centre of Helsinki, near the district of Hakaniemi. The east side of Sörnäinen borders the sea. Sörnäinen used to be primarily an industrial district with many shipping companies and warehouses, however, nowadays it is a thriving urban area divided into four districts: Vilhonvuori, Kalasatama, Sompasaari and Hanasaari. It also has two metro stations: Sörnäinen metro station and Kalasatama metro station in the Kalasatama quarter. The headquarters of Senate Properties (''Senaatti-kiinteistöt'') is located in Sörnäinen. Also the Helsinki Prison is located there. Etymology The name "Sörnäinen" comes from the Swedish name "''Södernäs''" ("Southern cape") and was first mentioned in the foundation document for the New Helsinki in 1639, a ...
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Simo Nurmi
Simo or SIMO may refer to: People * Simo (given name), a given name * Simo (surname), a surname * Simone "Simo" Teti, of Paris & Simo * Simo (footballer) (Wassim Keddari Boulif), Spanish footballer nicknamed ''Simo'' Other uses * SIMO (band), an American rock band formed in 2010 * Simo (society), a secret society in West Africa * ''Simo'' (weevil), a beetle genus in the tribe Peritelini * Simo, Finland, a municipality of Finland * SIMO TCI (''Salón Internacional de Mobiliario de Oficina / Tecnologías de la Comunicación e Información''), an annual computer trade fair held in Spain from 1961 to 2013. * Simo (Single input, multiple outputs), a characterization of control systems in system analysis * Silicon Motion, a semiconductor and solid-state drive manufacturer traded as SIMO See also * * Simon (given name) Simon is a given name, from Hebrew language, Hebrew שִׁמְעוֹן ''Simeon, Šimʻôn'', meaning "listen" or "hearing". It is also a classical Greek name, deri ...
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Ministry Of Economic Affairs And Employment (Finland)
The Ministry of Economic Affairs and Employment (TEM, , ) is one of the ministries of the Finnish Government. The ministry implements industry, labor, and local development policies. There are two ministerial portfolios located within the ministry: * Minister of Economic Affairs * Minister of Employment The ministry was formed in 2008 by merging the former Ministry of Labour (''työministeriö''), the former Ministry of Trade and Industry (''kauppa- ja teollisuusministeriö''), and parts of the Ministry of the Interior (''sisäministeriö'') related to local administration. The first minister was Mauri Pekkarinen. The combination was called ''superministeriö'' because it was so large and diverse. The intention of the merger was to make sure that labor policy and industrial policy, as well as others such as immigration policy and regional policy, are coordinated and don't go separate ways. The ministry manages 15 local employment and economy offices, 15 local Centres for ...
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Natural Monopoly
A natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of the market give the largest supplier in an industry, often the first supplier in a market, an overwhelming advantage over potential competitors. Specifically, an industry is a natural monopoly if the total cost of one firm, producing the total output, is lower than the total cost of two or more firms producing the entire production. In that case, it is very probable that a company (monopoly) or minimal number of companies (oligopoly) will form, providing all or most relevant products and/or services. This frequently occurs in industries where capital costs predominate, creating large economies of scale about the size of the market; examples include public utilities such as water services, electricity, telecommunications, mail, etc. Natural monopolies were recognized as potential sources of market failure as early as the 19th century; John Stua ...
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Electrical Grid
An electrical grid (or electricity network) is an interconnected network for electricity delivery from producers to consumers. Electrical grids consist of power stations, electrical substations to step voltage up or down, electric power transmission to carry power over long distances, and finally electric power distribution to customers. In that last step, voltage is stepped down again to the required service voltage. Power stations are typically built close to energy sources and far from densely populated areas. Electrical grids vary in size and can cover whole countries or continents. From small to large there are microgrids, wide area synchronous grids, and super grids. The combined transmission and distribution network is part of electricity delivery, known as the ''power grid''. Grids are nearly always synchronous, meaning all distribution areas operate with three phase alternating current (AC) frequencies synchronized (so that voltage swings occur at almost the same ...
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Emission Trading
Carbon emission trading (also called carbon market, emission trading scheme (ETS) or cap and trade) is a type of emissions trading scheme designed for carbon dioxide (CO2) and other greenhouse gases (GHGs). A form of carbon pricing, its purpose is to limit climate change by creating a market with limited allowances for emissions. Carbon emissions trading is a common method that countries use to attempt to meet their pledges under the Paris Agreement, with schemes operational in China, the European Union, and other countries. Emissions trading sets a quantitative total limit on the emissions produced by all participating emitters, which correspondingly determines the prices of emissions. Under emission trading, a polluter having more emissions than their quota has to purchase the right to emit more from emitters with fewer emissions. This can reduce the competitiveness of fossil fuels, which are the main driver of climate change. Instead, carbon emissions trading may accelerate ...
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Feed-in Tariff
A feed-in tariff (FIT, FiT, standard offer contract,Couture, T., Cory, K., Kreycik, C., Williams, E., (2010)Policymaker's Guide to Feed-in Tariff Policy Design National Renewable Energy Laboratory, U.S. Dept. of Energy advanced renewable tariff, or renewable energy payments) is a policy mechanism designed to accelerate investment in renewable energy technologies by offering long-term contracts to renewable energy producers. This means promising renewable energy producers an above-market price and providing price certainty and long-term contracts that help finance renewable energy investments. Typically, FITs award different prices to different sources of renewable energy in order to encourage the development of one technology over another. For example, technologies such as wind power and solar PV are awarded a higher price per kWh than tidal power. FITs often include a "digression": a gradual decrease of the price or tariff in order to follow and encourage technological cost red ...
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Emissions Trading
Emissions trading is a market-oriented approach to controlling pollution by providing economic incentives for reducing the emissions of pollutants. The concept is also known as cap and trade (CAT) or emissions trading scheme (ETS). One prominent example is carbon emission trading for and other greenhouse gases which is a tool for climate change mitigation. Other schemes include sulfur dioxide and other pollutants. In an emissions trading scheme, a central authority or governmental body allocates or sells a limited number (a "cap") of permits that allow a discharge of a specific quantity of a specific pollutant over a set time period. Polluters are required to hold permits in amount equal to their emissions. Polluters that want to increase their emissions must buy permits from others willing to sell them. Emissions trading is a type of flexible environmental regulation that allows organizations and markets to decide how best to meet policy targets. This is in contrast to comma ...
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European Union Agency For The Cooperation Of Energy Regulators
The European Union Agency for the Cooperation of Energy Regulators (ACER) is an Agency of the European Union created under the terms of the Third Energy Package of 2009. It was established in 2010 and has its seat in Ljubljana, Slovenia. The basis for the establishment of ACER is Regulation 713/2009 of the European Parliament and the Council of 13 July 2009. The regulation describes the establishment and the legal status, tasks, organisation, and financial provisions. It was reestablished in 2019 by directive (EU) 2019/942 ACER is the second intergovernmental organization headquartered in Slovenia. The first was the International Center for Promotion of Enterprises (ICPE). Tasks The Agency: * complements and coordinates the work of national regulatory authorities, * participates in the creation of European network rules, * takes, under certain conditions, binding individual decisions on terms and conditions for access and operational security for cross border infrastructur ...
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Government Agencies Of Finland
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The main types of modern political systems recognized are democracies, totalitarian regimes, and, sitting between these two, authoritarian regimes with a variety of hybrid regimes. Modern classification systems also include monarchies as a standalone entity or as a hybrid system of the main three. Historically prevalent forms ...
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Electric Power
Electric power is the rate of transfer of electrical energy within a electric circuit, circuit. Its SI unit is the watt, the general unit of power (physics), power, defined as one joule per second. Standard prefixes apply to watts as with other SI units: thousands, millions and billions of watts are called kilowatts, megawatts and gigawatts respectively. In common parlance, electric power is the production and delivery of electrical energy, an essential public utility in much of the world. Electric power is usually produced by electric generators, but can also be supplied by sources such as Electric battery, electric batteries. It is usually supplied to businesses and homes (as domestic mains electricity) by the electric power industry through an electrical grid. Electric power can be delivered over long distances by electric power transmission, transmission lines and used for applications such as Electric motor, motion, Electric light, light or Electric heat, heat with high ...
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