Results

Results in 2017-2019

Hundreds of Finnish companies and municipalities that have joined voluntary energy efficiency agreements have improved their annual energy use by a total of 7.0 terawatt hours in 2017-2019. The substantial savings are equal to the annual energy use of 351,000 electrically heated single-family houses.

Savings were attained when the more than 550 companies and nearly 100 municipalities and joint municipalities that have joined energy efficiency agreements have carried out over a total of 11,000 individual energy efficiency measures and invested more than EUR 590 million in energy efficiency over two years. The savings equal to 1.9% of Finland’s total energy consumption in 2019.

Average new annual savings in 2017–2019 was 2.3 TWh, while the corresponding savings during the previous agreement period was 1.8 TWh. A significant increase in annual savings arose from a couple of exceptionally savings measures implemented in energy intensive industry.

Significant reductions of greenhouse gas emissions

Efficient use of energy is one of the key means to mitigate climate change. Energy efficiency is globally recognized as the “first fuel” when aiming to reduce energy consumption and greenhouse gas emissions.

Over 11,000 energy savings measures implemented by agreement participants in 2017-2019 reduce annual CO2 emissions by 1.6 million tonnes.

 

Energy effiency measures and investments

The participating companies and municipalities have implemented over 11,000 saving measures in 2017-2019. Private service sector and property and building sector have implemented nearly 2/3 of the measures.

Annual costs savings

Energy savings measures implemented in 2017-2019, reduced participant’s annual energy costs in total by 280 million euros.

Annual savings of heat, fuel and electricity by sector

From the new energy savings achieved in 2017-2019, nearly 5.4 TWh (77%) was heat and fuels, and the remaining 1.6 TWh (23%) was electricity. In private service sector, over 70% of savings were from electricity.