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.
The renewal of the electricity market represents an opportunity for market actors and consumers. However, the transition phase will create pressure to change and uncertainty for both groups as the discussion shifts to bidirectional power system products, energy community regulations and energy storage.
Fingrid’s strategic projects strengthen the company’s target of remaining agile during the energy market transformation and safeguarding power system functionality in a reliable way. The company’s fast, new investments over a 5–10 year time window are aimed at proactively addressing the challenges of the global clean-up project
In a few years, the electricity accounting points and related information for all Finns will be available in a single register.
Fingrid’s pilot projects with Helen and the French company Voltalis are looking for a model and operating methods for independent aggregator activities in the balancing power and reserve markets.
As a transmission system operator, Fingrid has a central role in powering Finland. During the past year 2017, we continued to develop the grid for the power system of the future, writes Fingrid’s President and CEO Jukka Ruusunen. Take a look at the Annual Report: annualreport.fingrid.fi/en/
PUBLISHED 20.3.2018
Everyone is talking about the electricity market transformation, but how will renewal affect the consumer? Päivi Suur-Uski is an energy efficiency expert from Motiva, and she answered our questions. Motiva Oy is a Finnish state-owned company that provides expert services to promote resource efficiency.
