Fingrid’s committees are advisory organs that form a link between Fingrid and representatives of its various customer groups. The committees give their views on Fingrid’s operations and the services it offers to customers. Vattenfall's CEO Elina Kivioja and Oulu Energy's Energy’s Director of Sustainability and HR Katja Virkkunen appreciate the open dialogue in Fingrid’s customer committees.
Nordic RSC, the joint Regional Security Coordinator office of the Nordic transmission system operators, offers transmission system operators regional analysis in support of operational planning and implements a new method for calculating capacity based on transmission.
Finland’s ambitious climate targets will lead to an enormous increase in electricity generation and consumption. This requires Fingrid to make investments and take other development measures to enable a clean electricity system. As Fingrid embarks on this work, it seeks to collaborate even more openly and closely with actors in the sector.
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.
Comments on electricity markets and the Nordic Balancing Model: Work to be done; efficiency cannot be compromised
We asked four electricity market specialists how they see electricity markets developing and the Nordic Balancing Model progressing as representatives of their organisations. The responses reveal concerns over the continued transparency of electricity markets and the costs of the Nordic balancing model. There is work still to be done, as the 15-minute imbalance settlement period will require a substantial change to electricity metering.
On the electricity market, the constraining factor for the transmission grid is the amount of electricity that can be transmitted at any one time. The Flow based calculation method enables transmission capacity usage to be optimised according to demand for electrical energy.
The design of the main grid includes making preparations for a climate-neutral society in which the importance of electricity is constantly increasing. Over the coming decades, the emissions produced by generating electricity must be lowered, and electricity consumers must be offered the best opportunities to obtain clean electricity.