The difference between the prices of electricity in Finland and the other Nordic countries will be evened out when the third reactor is completed at Olkiluoto. The increasing amount of wind power is also easing the situation.
The 1st of March was an important milestone in the European electricity market. On that day 20 years ago, continuous intraday trading between Finland and Sweden started with the ELBAS product. At the same time, Fingrid removed the cross-border transmission tariffs from its Nordic connections.
Fingrid is continuing a pilot related to an independent aggregator model in the balancing energy market.
Fingrid is creating the platform for a clean power system. We asked an illustrator to show us what this means.
In 2016, the Ministry of Economic Affairs and Employment appointed a Smart grid working group made up of experts in energy markets. The group has now published its final report, which provides a vision for the smart grids of the future. The working group also presents concrete measures concerning how smart grids can promote the active participation of customers in the electricity market and thus contribute to maintaining security of supply.
The energy transformation is increasingly visible in our daily lives. Electricity is being produced in a more decentralised manner in smaller units. Research and development play an important role in terms of implementing this major change in the power system in a controlled manner, writes Senior Vice President Asta Sihvonen-Punkka. PUBLISHED 17.9.2018.
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.
For Planning Manager Ritva Hirvonen, work has been both a lifestyle and a hobby. She retired in the summer, but continues to work at Fingrid as an hourly employee.
A flexibility platform will be piloted in Finland, Estonia and Latvia as part of the broad Horizon 2020 EU programme.
Espoo-based Sello Shopping Mall is the first major property complex to target the reserve market offered by Fingrid. This would involve Sello in balancing electricity consumption.
Fingrid Oyj
Läkkisepäntie 21
00620 Helsinki
Tel. 030 395 5267
Fingrid.fi
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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.
