As the second largest electricity producer in Finland, we generate CO2-free electricity, provide solutions to support de-carbonisation of the energy system and explore the electrification of the society. We are also an active operator in physical and financial electricity markets.


UPM Energy is the second largest electricity producer in Finland. In addition to producing electricity, our operations include trading in physical electricity and its derivatives. Deep understanding of industrial consumption as well as efficient, low-emission electricity generation, offer the company a unique position in the marketplace.

In addition to UPM Energy Business Area, UPM Group also has power generation assets in other businesses. Combined heat and power plants (CHP) and small hydropower plants are located in paper, pulp, timber and plywood mill sites, and they are primarily serving the local mills. UPM Group's total generation capacity, including shares in other companies, is 3,300 MW.


Energy business

Electricity generation

UPM Energy generates electricity with own hydropower assets and owns shares in other electricity companies. Our total generation capacity is 1,900 MW. 

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Creating value in the energy market


Physical Portfolio Management

UPM Energy is an operator in the NordPool electricity market. We sell electricity and optimise our generation capacity to match the daily market need.

Financial Portfolio Management

UPM Energy operates in the financial markets with energy derivatives.


Market Analysis

Our energy market analysis team produces price forecasts and offers energy market intelligence to support electricity trading and consumption optimization.


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