Finland’s Act on the Redemption of Immoveable Property and Special Rights was amended at the beginning of August. Fingrid will now pay an additional 25 per cent for expropriation on top of the full compensation based on market value.
Many people were alarmed by the massive power outages in Spain and Portugal during the spring. Although Finland’s electricity system has differing operating procedures that protect us from similar disruptions, no system is ever one hundred per cent secure.
Transmission and distribution systems can sometimes suffer from a lack of grid connection capacity. To make things easier in the future, Fingrid has introduced a conditional connection agreement and will be improving the flow of information concerning connection plans.
Finland’s electricity consumption is expected to double over the next ten years. Fingrid’s main grid development plan shows how electricity transmission capacity will be increased to meet the needs of growing production and consumption.
The Aurora Line is an electricity transmission link from Messaure in Swedish
Lapland to Muhos in North Ostrobothnia, Finland. It will increase north-south electricity transmission and improve security of supply. The Aurora Line will also
support Europe’s climate objectives by enabling the production of more renewable electricity and boosting the efficiency of the European electricity market.
One of the largest substations in Finland is Jylkkä, which connects the numerous wind
farms in Ostrobothnia to the grid. The electricity produced by wind turbines uses
inverter technology, which requires a synchronous compensator plant.
Fingrid is planning to implement grid service fee reforms to improve connectivity and incentivise the efficient use of the electricity network. These reforms would also strengthen the regional balance of electricity consumption, thereby easing congestion in the transmission grid.
Electricity production and consumption in Finland could double from today’s levels within a decade. The closer production and consumption facilities are located to each other, the less network reinforcement is needed to accommodate growth. This is why, for example, it would be beneficial to locate many data centres close to wind power production.
The reserve markets offer an opportunity to sell flexible electricity consumption and production, as well as energy storage, on the marketplace. By participating in the balancing of the power system, you help maintain system stability and receive
compensation for the capacity offered and the regulation carried out.
Fingrid’s new electricity system vision outlines four possible development paths up to 2040.
