Electricity market
European electricity markets
Our questions about European electricity market integration were answered by Laurent Schmitt, Secretary-General of ENTSO-E.
10.3.2022
Our questions about European electricity market integration were answered by Laurent Schmitt, Secretary-General of ENTSO-E.
Everyone is talking about the electricity market transformation, but how will renewal affect the consumer? Päivi Suur-Uski is an energy efficiency expert from Motiva, and she answered our questions. Motiva Oy is a Finnish state-owned company that provides expert services to promote resource efficiency.
Christian Zinglersen is the new Director of the European Union Agency for the Cooperation of Energy Regulators (ACER). Taking office in January 2020, Zinglersen is motivated by the impact ACER makes in people’s lives.
Henna Virkkunen, a member of the European Parliament, believes that a diverse, market-based energy system is the most effective operating model for Europe’s sustainable growth economy. Investment subsidies for new energy sources are justified in the early phases of production, but over the long term, societally-funded energy needs to establish a competitive position in the market through demand.
The centralised information exchange system for the electricity retail market, known as Datahub, will go live on 21 February 2022. On the same date, Fingrid Datahub Oy’s operational customer service team will start working.
Fingrid’s Datahub stores customer, metering, and accounting point information in one place. Datahub is a quick, efficient, and easy centralised information exchange system for the electricity retail market. The information collated by Datahub is up to date, secure, and easy to trace. Datahub is part of Fingrid’s smart, clean, and safe energy system.
Preparations for the introduction of the single price-single imbalance model were going on for long time in Finland and the other Nordic countries. Marja Eronen, Senior Expert, has been responsible for Nordic cooperation in the project, and Jani Piipponen, Balance Services Manager, is responsible for the deployment of the model in Finland.
Google’s data centre in Hamina celebrated its 10th birthday in September. In ten years, Google has become a significant business partner and an active player that employs and trains top experts while revitalising the business structure in the Kymenlaakso region through its presence, thereby boosting the gross domestic product of Finland as a whole.
Fingrid is building a platform for the clean electricity system, which contributes to Finland’s carbon neutrality goals and creates opportunities for new consumption investments. This development is built upon Fingrid’s long-term grid planning work, which includes preparing a network vision, the main grid development programme for the next ten years, and an investment programme that results in the construction of the physical network.
The Nordic countries – Finland, Sweden, Norway, and Denmark – switched to a single price and single imbalance model for imbalance settlement at 1 am on 1 November. The Nordic balance model (NBM) program aims to respond more quickly to the changes of the electricity market where single price and single imbalance model is the first step on the journey.
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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.