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.
As much electricity must be produced as is consumed at any given moment. It is a simple equation, but the solution is complex.
The power system needs reserves to keep electricity production and consumption balanced every hour of the day and maintain a stable grid frequency. Fingrid hopes new players will join the electricity reserve markets – now, getting involved is easier than ever.
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.
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.
Air conditioning is essential on hot summer days. Although cooling machines are not particularly expensive, Teemu Kettunen, Specialist at Motiva, advises using them in moderation.
Fingrid Oyj
Läkkisepäntie 21
00620 Helsinki
Tel. 030 395 5267
Fingrid.fi
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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.
