Close this search box.

reserve markets

Electricity market

Finding a balance

The Balance Management Unit at Fingrid’s main grid control centre is
responsible for keeping the power system of Finland in balance in real time.

Main grid

Need for reserves is growing – an opportunity for new business

The need for reserves to ensure the continuous power balance of the electricity system will increase considerably in the coming years with the reform of the electricity system. At the same time, the costs of procuring reserves will increase at Fingrid. Fingrid procures reserves in as market-based a way as possible from several different sources in Finland and its adjacent neighbours, which contributes to ensuring the adequacy and cost level of reserves.

Electricity market

Nordic Balancing Model brings real-time markets a step closer

The Nordic Balancing Model is an enormous, multi-year development program that is being conducted on a national and pan-Nordic level. The project will have a major impact on Fingrid, as well as all electricity market parties.