The days when electricity flowed in one direction from combustion plants to consumer outlets are over. We are now in the midst of a global energy revolution caused by decentralised technologies and digitalisation – and Finland should take advantage of it. PUBLISHED 24.11.2017
The Smart grid working group appointed by the Ministry of Economic Affairs and Employment has published its interim report. The main message is that, in the future, consumers will have more opportunities to participate in the electricity market and be able to influence their electricity bill to a greater extent. A smart electricity system will provide actors with more possibilities, and is a cost-effective way to respond to the challenges of the energy transformation.
Cut P1 splits Finland into two areas: the north, with its focus on hydro and wind power, and the south, where nuclear and thermal power are predominant.
Fingrid and the transmission system operators (TSO) in Sweden and Norway switched to joint imbalance settlement in the spring. The centralised model improves electricity market efficiency marks a step towards a joint-Nordic end user electricity market.
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.
The electricity market has undergone a complete transformation in Europe, the Nordic countries and Finland over the past 20 years. A lot more will change in the near future as well.
The launch of a cross-border, intraday market model is an important step forward, but the European electricity market needs more changes, believes Tomasz Sikorski, Vice President and COO of PSE, which is the Polish Transmission System Operator.
Introduction of European Cross-Border Intra-Day Market (XBID) solution will be an important step forward – but integrated European electricity market needs more improvements, believes Tomasz Sikorski from PSE.
“Last November, the European Commission announced a bunch of legislative proposals concerning the Energy Union. Since then, the proposals, called the Winter Package, have received a new name,” writes Asta Sihvonen-Punkka, Fingrid’s Senior Vice President, Markets, in her blog posting. PUBLISHED 5.4.2017
The Directorate-General for Energy develops and implements the European energy policy under the guidance of the European Commission. Director of The Internal Energy Market, Klaus-Dieter Borchardt, explains the latest developments in energy market integration.
