Vattenfall is introducing the new general terms and conditions of electricity sales (TESa 2014) recommended by Finnish Energy Industries as of 1 December 2014. The new terms and conditions will replace the previously applied general terms and conditions of electricity sales (TESa 2010). This change will not affect the specific terms and conditions of individual agreements.
The new general terms and conditions will take effect for open-ended agreements on 1 December 2014. They will govern new fixed-period agreements concluded as of 1 December 2014, with ongoing fixed-period agreements incorporating the new general terms and conditions when they are renewed.
The general terms and conditions of electricity sales are general provisions for electricity sale agreements that have been jointly formulated by the energy industry and are applied in most electricity agreements. The terms and conditions of electricity sales are drawn up in a joint process involving Finnish Energy Industries, the Finnish Competition and Consumer Authority, and the Energy Authority. These terms and conditions are based on current legislation, such as the Electricity Market Act and the Consumer Protection Act. Finnish Energy Industries advises businesses to apply the general terms and conditions.
There is no need for you to do anything because of this change.
Significant and relevant amendments have been made to the laws underlying the general terms and conditions of sale (e.g. the Electricity Market Act, the Consumer Protection Act and the Energy Efficiency Act). The general terms and conditions of sale have now been updated to reflect the current state of legislation.
The main changes respond to requirements under the new Electricity Market Act and the Consumer Protection Act. These include changes in the content and delivery time of contract confirmation notices. The terms and conditions have also been updated with respect to securities collectable from non-consumer customers.