Electricity market
Power exchanges are more than marketplaces
Power exchanges are constantly innovating and developing to respond to the transformation of the electricity market.
13.12.2024
Power exchanges are constantly innovating and developing to respond to the transformation of the electricity market.
Turnkey service providers can help their clients enter the reserve market. Optimisation solutions identify the best possible return per megawatt.
Lidl Finland and Lumme Energia sell their capacity for flexible electricity consumption to Fingrid, helping to keep the power system in balance. Flexibility
can be found in surprising places and can be handsomely rewarded.
An electricity network can transmit a limited volume of electricity within the constraints of system security. Fingrid manages electricity transmission to ensure that it remains within the limits of the transmission capacity at all times.
Transmission management in the power system is becoming more demanding, and the old methods are no longer enough. The transmission management
agreement is a new tool for this purpose, says Tuomas Mattila, Expert at Fingrid.
The balancing management reform will boost the efficiency of Fingrid’s work in balancing electricity production and consumption. At the same time, several new tools and methods will be introduced, so customers will have a wider range of opportunities to participate in the electricity market.
The emission intensity of Finland’s power generation has fallen below the upper limit set for green hydrogen and other renewable electric fuels in the regulation, according to Fingrid’s estimate.
Fingrid makes sure electricity is always available. Clean, reliable and affordable.
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.
The energy transition is leading to a huge increase in the need for power system reserves.
Fingrid Oyj
Läkkisepäntie 21
00620 Helsinki
Tel. 030 395 5267
Fingrid is Finland’s transmission system operator. We secure reliable electricity cost effectively for our customers and society, and shape the clean, market-oriented power system of the future.