A startup named Kapacity.io is conducting an EU project in collaboration with Fingrid. Kapacity’s customers are buildings that use heat pumps, and Kapacity offers them the chance of saving money on their electricity bills.
Society is going through a vast electrification process that is shaping life as we know it. For TSOs, this poses a lot of challenges: massive changes in the industry are
necessary in order to enable full electrification.
Although some time has passed since the market was opened up, many transmission system operators still lack clarity as to their role in the electricity market. Fingrid endeavours to provide 100 per cent of its transmission capacity to the market.
The Nordic electricity market demands a new form of collaboration and foresight in order to overcome the challenges of tomorrow, says Fortum’s Simon-Erik Ollus.
Fingrid’s Main Grid Control Centre in Helsinki works all hours of the day to ensure that every village, town and city in Finland has enough electricity. The control centre handles routine tasks, as well as unplanned tasks when a swift reaction is needed to prevent disturbances in the availability of electricity. Some disturbances also affect the intra-day electricity price.
It is a Monday morning, and a call comes in from the main grid control centre. Over the weekend, the Swedish transmission system operator Svenska kraftnät (Svk) began limiting the transmission of electricity from Finland to Central Sweden. I recalled a moment last summer when Svk was forced to limit the transmission of electricity from Norway, leading to confusion in the electricity markets – surely history will not repeat itself on the border between Finland and Sweden…?
Nordic RSC, the joint Regional Security Coordinator office of the Nordic transmission system operators, offers transmission system operators regional analysis in support of operational planning and implements a new method for calculating capacity based on transmission.
Twenty-five years of open electricity markets have gone by in a flash. The markets have expanded, and marketplaces and connections have improved, writes Fingrid’s Executive Vice President Asta Sihvonen-Punkka.
We asked four electricity market specialists how they see electricity markets developing and the Nordic Balancing Model progressing as representatives of their organisations. The responses reveal concerns over the continued transparency of electricity markets and the costs of the Nordic balancing model. There is work still to be done, as the 15-minute imbalance settlement period will require a substantial change to electricity metering.
In the electricity market, 2020 has been a historically unique year. In this column, three specialists from Power-Deriva – Mika Laakkonen, Ville Venäläinen and Antti Martikainen – describe how 2020 has been a unique year for the electricity market from their perspectives.
Fingrid Oyj
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Fingrid is Finland’s transmission system operator. We secure reliable electricity cost effectively for our customers and society, and shape the clean, market-oriented power system of the future.
