At Fingrid, responsibility is part of the daily routine. Responsibility applies to personnel well-being, occupational safety, data protection, environmental impacts, and the tax footprint. The following examples illustrate that it also includes responsibility for procurements and contractual partners. Business is open so that Fingrid can deliver. Reliably.
15-minute imbalance settlement period (ISP) will apply to the entire electrical energy industry and all market parties. The whole Nordic market area will switch to 15 min ISP at the same time, and according to the current schedule this will take place in December 2020.
Stepping into the Electricity Market Future is Fingrid’s new website-based content package, which will serve stakeholders in the same way the Our Shared Journey publication did earlier. The new website will provide up to-date information about the electricity market transformation.
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.
International studies have shown that Fingrid transmits affordable electricity with good quality control. Fingrid was found to be affordable in both a study by the European Network of Transmission System Operators (ENTSO-E) and a study commissioned by European energy regulators. A significant success factor was efficiency in construction and maintenance.