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Electricity market

Electricity market

Electricity production becoming cleaner

The transition to renewable energy sources is reflected in cleaner electricity production. Thanks to increasing production, Finland has the means to achieve annual self-sufficiency in electricity production this year and become a net exporter of electricity in the future.

Electricity market

Hydrogen paves the way towards the future energy market

The hydrogen economy represents a great opportunity for Finland, driven by clean electricity production, the rapid growth of wind power, and a reliable main grid. The green hydrogen market will also require a new hydrogen transmission grid.

Electricity market

Gas and electricity on common markets

The energy markets in Finland and throughout Europe are undergoing a transformation. One of the European Commission’s proposals is to sever the link between gas and electricity prices.

Electricity market

Monitor your electricity consumption

Although the risk of an electricity
shortage is now much lower than in the winter, it is always sensible to use electricity moderately and in a planned way.

Electricity market

Could microreactors become a new export product?

A microreactor is being planned in Lappeenranta. Juhani Hyvärinen,
Professor of Nuclear Engineering at LUT University, believes that a new type of nuclear power could work brilliantly as part of a future energy system.

Electricity market

The Market Committee aims to develop the sector

Fingrid has three customer committees, which act as a link between Fingrid and the representatives of its various customer groups. Tero Karhumäki, the outgoing Chair of the Market Committee, talks about the opportunities of committee work.

Electricity market

Due to congestion income, there is no need to raise tariffs

The extraordinary state of the electricity market has led to higher congestion income in the Nordic countries. At the same time, the high electricity price and large transmission volumes have significantly increased costs in the main grid business.

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.

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