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electricity balancing


Greenhouses balance out disturbances in the power system

Oksasen Puutarha specialises in cultivating lettuces. The company, which is based in the north of Turku, has been providing the frequency containment reserve for disturbances (FCR-D) and demand response for two years now. The provision of FCR-D causes the lights to go out in the greenhouse a few times a month, as agreed, in return for payments to Oksasen Puutarha.

Electricity market

A boost from the North

The Nordic marketplace model for balancing energy is expanding to cover all of Europe.

Electricity market

Why is hydropower a good reserve?

One of Fingrid’s central tasks is electricity balancing, which means maintaining the balance between production and consumption. Fingrid uses fast and slow reserves for balancing, and purchases them from reserve markets. In the future, the importance of flexible resources will be even greater as production and also consumption become more variable. ”Hydropower can be regulated quickly, and that makes it a good reserve resource,” explains Expert Otso-Ville Rinne.

Electricity market

Reserve markets safeguard electricity supply

Balancing electricity production and consumption is one of Fingrid’s main tasks. Balancing is a continuous process that involves buying and selling electricity on reserve markets, and Fingrid’s own reserve power is only used in exceptional situations. Both consumers and producers can participate in reserve markets and thus influence balancing of the power system.

Electricity market

Planning for implementation of 15-minute imbalance settlement has started

Fingrid and the other Nordic TSOs have begun to promote the transition to a 15-minute imbalance settlement period. The energy balancing network code requires EU member states to switch to 15-minute imbalance settlement within three years of the code taking effect, which means December 2020.

Electricity market

Guideline on Electricity Balancing

The guideline on electricity balancing was approved in a vote by EU member states in March 2017. The harmonised requirements are expected to entry into force by the end of the year. The guideline promotes the cross-border trade of reserves needed by TSOs, in particular balancing energy, and harmonises procedures concerning imbalance settlements.