Keminmaa Municipality Awards €1.09 Million Electricity Supply Contract to Mind Energy Oy

Keminmaan kunta (Keminmaa Municipality) and Keminmaan Vuokra-asunnot Oy have awarded a four-year electricity supply contract to Mind Energy Oy. The contract, valued at €1,085,650, covers electricity procurement for municipal operations and municipal housing company properties in the Lapland region of Finland. Seven tenders were received in a competitive open procedure.

Introduction

Keminmaan kunta (Keminmaa Municipality) and its associated municipal housing company Keminmaan Vuokra-asunnot Oy have conducted an open procedure for the procurement of electricity supply. The contract covers electricity for municipal operations and housing company properties in the Lapland region of northern Finland.

The contract, valued at €1,085,650, runs from 1 January 2027 to 31 December 2030 (four years). The winning bidder, Mind Energy Oy, a large Finnish energy company based in Vantaa, will supply electricity with pricing based on margins, quarter-spot deliveries, and power-based price hedges.

The procurement was conducted under the EU standard regime, with the selection criterion being the lowest price (most economically advantageous).

Why This Contract Matters

This contract ensures a stable and cost-effective electricity supply for municipal services and public housing in the Lapland region.

This contract matters because it:

• Supports municipal services: Ensures electricity for Keminmaa Municipality operations
• Benefits public housing: Covers Keminmaan Vuokra-asunnot Oy properties
• Significant value: €1,085,650 contract
• Long-term stability: Four-year supply agreement (2027–2030)
• Strong competition: Seven tenders received
• Regional importance: Serves Lapland region (NUTS: FI1D7)
• Price transparency: Margins and pass-through costs clearly defined

Contract Timeline

• Previous notice: d6becddd-8d00-426b-841e-569e12e0f36a-01
• Contract concluded: 20 August 2026
• Contract start date: 1 January 2027
• Contract end date: 31 December 2030
• Duration: 4 years
• Notice published: 24 August 2026 (OJ S 162/2026)

Contract Overview

Keminmaa Municipality conducted an open procedure under the standard regime, governed by EU Directive 2014/24/EU.

Key features include:

• Single lot: One contract covering all electricity supply
• Total awarded value: €1,085,650.00
• Duration: 4 years (1 January 2027 – 31 December 2030)
• No framework agreement: Direct works contract
• Evaluation: Lowest price (100% price-based)
• Winner: Mind Energy Oy
• No subcontracting declared

Key Contract Details

Detail	Information
Contracting authorities	Keminmaan kunta, Keminmaan Vuokra-asunnot Oy
Contract title	Sähköenergian hankinta (Electricity procurement)
Main CPV	09310000 Electricity
Procedure type	Open procedure (standard regime)
Legal basis	EU Directive 2014/24/EU
Awarded value (EUR)	€1,085,650.00
Number of lots	1
Contract duration	4 years (1 January 2027 – 31 December 2030)
Framework agreement	No framework agreement
EU funding	None
Covered by GPA	Yes
Evaluation criteria	Lowest price (100%)
Location	Lapland region, Finland (NUTS: FI1D7)
Subcontracting	No subcontracting declared
Number of tenders	7 (all submitted electronically)

Pricing Structure

The electricity supply contract features a transparent pricing structure based on:

• Electricity seller's margins: Fixed margins added to the electricity price
• Quarter-spot deliveries: Pricing based on quarter-ahead spot market prices
• Power-based price hedges: Hedging arrangements to reduce price risk
• Fingrid balance service: Pass-through of production and consumption volume fees
• Datahub fees: Pass-through of Datahub connection point fees

Optional Services

The contract includes the following optional service:

• Origin guarantees (alkuperätakuut): The customer may purchase origin guarantees as additional orders (up to the volume of the contract period). The estimated price level of origin guarantees has been considered in the estimated value of the procurement.

About the Contracting Authorities

Keminmaan kunta (Keminmaa Municipality) is a regional authority in Lapland, northern Finland. The municipality serves a population of approximately 8,000 residents and is located near the city of Kemi.

Keminmaan Vuokra-asunnot Oy is a public-law body (body governed by public law) providing rental housing in the Keminmaa area. The company is responsible for municipal housing and community amenities.

About the Winning Supplier

Mind Energy Oy is a large Finnish energy company based in Vantaa, in the Helsinki metropolitan area. The company specialises in electricity supply and energy services.

• Size: Large enterprise
• Headquarters: Teknobulevardi 3-5, Vantaa, Finland (NUTS: FI1B1)
• Registration number: 2116967-3
• No subcontracting declared

Evaluation Criteria

The contract was awarded based on the most economically advantageous tender, with the selection criterion being the lowest price.

• Criteria: Lowest price (100% weighting)
• Award criterion number: 100
• Evaluation points: Points-based weighting

Procurement Analysis

• Procedure: Open procedure under the standard regime, governed by EU Directive 2014/24/EU.
• Competition: Strong competition with seven tenders received.
• Electronic submission: All seven tenders were submitted electronically.
• No subcontracting: The winner, Mind Energy Oy, declared no subcontracting.
• No framework agreement: This is a direct works contract.
• No dynamic purchasing system used.
• Accelerated procedure: No.
• Review body: Markkinaoikeus (Market Court of Finland).

Additional Procurement Facts

• The contract is covered by the WTO's Government Procurement Agreement (GPA).
• No EU funds were used for this procurement.
• Origin guarantees are available as an optional service.
• All seven tenders were submitted electronically.
• The contract is a direct contract (not a framework agreement).
• The price structure includes pass-through of Fingrid and Datahub fees.
• Review deadlines are provided to parties upon decision notification.

Market & Industry Perspective

The Finnish electricity market is competitive, with a mix of large energy companies and regional suppliers. Municipalities and public entities increasingly procure electricity through competitive tendering to achieve price transparency and cost savings.

Key trends in this market include:

• Price transparency: Clear margin-based pricing models
• Renewable energy: Growing demand for origin guarantees
• Competitive tendering: Municipalities actively procuring electricity
• Pass-through pricing: Transparent pass-through of grid and Datahub fees
• Long-term contracts: Four-year agreements provide price stability

Economic Significance

At €1,085,650, this contract represents a significant energy procurement for the Keminmaa region. The contract will:

• Ensure municipal services: Power for municipal operations
• Support public housing: Electricity for Keminmaan Vuokra-asunnot properties
• Provide price stability: Fixed margins over four years
• Reduce price risk: Power-based hedging arrangements
• Support competition: Seven bidders competed for the contract

Future Procurement Opportunities

With this contract now in place until 2030, future opportunities include:

• Re-tender in 2030: The contract is expected to be re-tendered before expiry
• Origin guarantees: Optional renewable energy certificates
• Other municipalities: Similar electricity procurements in Finnish municipalities
• Energy services: Related energy efficiency or consulting services

Opportunities for Suppliers

While this contract is awarded, opportunities remain for electricity suppliers:

• Re-tender in 2030: Prepare for the next procurement cycle
• Other Finnish municipalities: Similar electricity procurements across Finland
• Municipal housing companies: Public housing energy procurement
• Origin guarantees: Supply of renewable energy certificates

What Businesses Should Watch

• Keminmaa Municipality's future procurement notices
• Other Finnish municipal electricity tenders
• Energy market price trends and hedging strategies
• Changes to Finnish energy regulations
• Demand for origin guarantees and renewable energy

FinlandTenders Procurement Intelligence

This electricity supply contract is a notable example of municipal energy procurement in Finland. Several features stand out:

• Scale: €1,085,650 over four years
• Competition: Seven tenders received
• Price focus: Lowest price (100% weighting)
• Pricing transparency: Clear margin and pass-through structure
• Hedging: Power-based price hedges to reduce risk
• Optional services: Origin guarantees available

For suppliers, this procurement highlights the importance of:

• Competitive pricing: Lowest price is the only criterion
• Transparent pricing models: Clear margin structure
• Risk management: Hedging arrangements for price stability
• Regional presence: Ability to serve Lapland region
• Pass-through capability: Handling of grid and Datahub fees

Supplier Takeaways

• Offer competitive pricing – 100% of evaluation is price-based
• Provide clear, transparent margin structures
• Demonstrate hedging and risk management capabilities
• Ensure ability to handle pass-through of grid and Datahub fees
• Consider origin guarantees as an optional value-add
• Monitor Finnish municipal electricity procurements

Key Takeaways

• Keminmaa Municipality awarded a €1,085,650 electricity contract to Mind Energy Oy
• Four-year duration (1 January 2027 – 31 December 2030)
• Seven tenders received – strong competition
• Evaluation: Lowest price (100%)
• Pricing: Margins + quarter-spot + power-based hedges
• Pass-through of Fingrid and Datahub fees
• Origin guarantees available as optional service
• No subcontracting declared

Conclusion

This electricity supply contract ensures a stable and cost-effective energy supply for Keminmaa Municipality and its public housing company for four years. By selecting Mind Energy Oy on the basis of the lowest price, the contracting authorities have secured competitive pricing with a transparent margin structure.

The seven tenders received demonstrate strong competition in the Finnish electricity market. The contract's pricing structure—based on margins, quarter-spot deliveries, and power-based hedges—provides both transparency and risk management for the municipality.

As Finnish municipalities continue to procure energy through competitive tendering, similar opportunities will arise for electricity suppliers with competitive pricing, transparent models, and regional delivery capabilities.

Frequently Asked Questions

Q: What is Keminmaan kunta?

Ans: Keminmaa Municipality, a regional authority in Lapland, northern Finland, serving approximately 8,000 residents.

Q: What is the value of the contract?

Ans: €1,085,650.00.

Q: Who is the winner?

Ans: Mind Energy Oy, a large Finnish energy company based in Vantaa.

Q: What is being procured?

Ans: Electricity (CPV 09310000).

Q: What were the evaluation criteria?

Ans: Lowest price (100% weighting).

Q: How long is the contract?

Ans: 4 years, from 1 January 2027 to 31 December 2030.

Q: How many tenders were received?

Ans: Seven tenders were received, all submitted electronically.

Q: Is this contract funded by the EU?

Ans: No, the procurement is not financed with EU funds.

Q: What optional services are available?

Ans: Origin guarantees (alkuperätakuut) for renewable energy certificates.

Source: EU Official Journal, Contract Award Notice 582077-2026, OJ S 162/2026, published 24 August 2026.