Viewpoint
Price signals continue to be needed in the electricity market
The electricity market is not broken. Instead, it continues to function as expected, despite the ongoing energy crisis.
22.2.2023
The electricity market is not broken. Instead, it continues to function as expected, despite the ongoing energy crisis.
For the first time, the price of electricity in the day-ahead market in Finland and Sweden turned negative for a few hours in February 2020 and again in July. On the road towards a climate-neutral power system, it is likely that electricity prices will turn negative again for a few occasional hours.
The transmission system is designed with the objective of maintaining a large transfer capacity so it is not necessary to limit power transmission. This ensures that there is a single price area in Finland.
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.