Viewpoint

Electricity market developments and new electricity market solutions, together with the construction of the main grid, will enable the acceleration of the green transition, the cost-efficient growth of the power system and the safeguarding of operational capacity.
Could there be a more relevant and interesting topic for a safety toolbox talk than a safety observation made by your team?
Municipalities play a crucial role in enabling the energy transition.
Preventive action is the prerequisite for a high standard of occupational safety. The amount of preventive action has increased enormously on Fingrid’s worksites over the past ten years.
The rapid electrification of society and industrial investment plans already pose a major challenge to the development of the power system.
Managing the nationwide power balance has become more important, and the revenue from balance services has accounted even for as much as two-thirds of the company’s revenues. As a result, Fingrid has transformed from an infrastructure company into a service company.

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A grid service fee reform is worthwhile

Fingrid is planning to implement grid service fee reforms to improve connectivity and incentivise the efficient use of the electricity network. These reforms would also strengthen the regional balance of electricity consumption, thereby easing congestion in the transmission grid.

Production and consumption as neighbours

Electricity production and consumption in Finland could double from today’s levels within a decade. The closer production and consumption facilities are located to each other, the less network reinforcement is needed to accommodate growth. This is why, for example, it would be beneficial to locate many data centres close to wind power production.

The reserve markets offer an opportunity to sell flexible electricity consumption and production, as well as energy storage, on the marketplace. By participating in the balancing of the power system, you help maintain system stability and receive
compensation for the capacity offered and the regulation carried out.