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power balance

Electricity market

A busy year for balancing management

The balancing management reform will boost the efficiency of Fingrid’s work in balancing electricity production and consumption. At the same time, several new tools and methods will be introduced, so customers will have a wider range of opportunities to participate in the electricity market.

Electricity market

Finland switching to 15-minute imbalance settlement

The transition to a 15-minute market time unit and imbalance settlement period will take place in phases beginning next May. The European day-ahead market for electricity will move to 15-minute market time unit in 2025. The phased transition will provide time to prepare and collect data for forecasting.

Main grid

Marjo Miettinen: Nearly perfect transmission reliability

The keynote speaker at Fingrid’s 20th anniversary celebration was Marjo Miettinen, owner and member of the board of EM Group. She provides her views on the importance of Fingrid and the future of the electricity market.