Electricity market
Green to the Core
EU Commission prioritises electricity grids, offshore* energy and renewable gases over oil and natural gas infrastructure.
23.3.2021
EU Commission prioritises electricity grids, offshore* energy and renewable gases over oil and natural gas infrastructure.
Transmission system operators do not know everything. Nordic transmission system operators have been in the habit of preparing their proposals together before asking customers and other stakeholders for their comments.
Fingrid’s committees are advisory organs that form a link between Fingrid and representatives of its various customer groups. The committees give their views on Fingrid’s operations and the services it offers to customers. Vattenfall’s CEO Elina Kivioja and Oulu Energy’s Energy’s Director of Sustainability and HR Katja Virkkunen appreciate the open dialogue in Fingrid’s customer committees.
Nordic RSC, the joint Regional Security Coordinator office of the Nordic transmission system operators, offers transmission system operators regional analysis in support of operational planning and implements a new method for calculating capacity based on transmission.
Finland’s ambitious climate targets will lead to an enormous increase in electricity generation and consumption. This requires Fingrid to make investments and take other development measures to enable a clean electricity system. As Fingrid embarks on this work, it seeks to collaborate even more openly and closely with actors in the sector.
The development of Datahub is about to be finalized and the system was opened to the entire sector for test operation in October. During the testing phase, the quality of the data will be verified, and the market parties will test various functions in phases.
This autumn and winter, the energy sector working group set up by the Ministry of Economic Affairs and Employment will analyse the possibilities and obstacles to sector integration and seek tangible solutions for promoting the issue. The working group is expected to produce an interim report by February and a final report in summer 2021.
Fingrid is setting up a reference group for the Nordic Balancing Model. The project is a common project throughout the Nordic countries, but the group convened by Fingrid consists of Finnish market participants, and it will focus on the implementation of the project from a Finnish perspective.
The Nordic Balancing Model is an enormous, multi-year development program that is being conducted on a national and pan-Nordic level. The project will have a major impact on Fingrid, as well as all electricity market parties.
We asked four electricity market specialists how they see electricity markets developing and the Nordic Balancing Model progressing as representatives of their organisations. The responses reveal concerns over the continued transparency of electricity markets and the costs of the Nordic balancing model. There is work still to be done, as the 15-minute imbalance settlement period will require a substantial change to electricity metering.