A current transformer at Fingrid’s Olkiluoto substation was damaged on 18 July 2018. During the resulting fire and substation repair work, the electricity supply from both of Olkiluoto’s nuclear power plants to the main grid was interrupted.
Espoo-based Sello Shopping Mall is the first major property complex to target the reserve market offered by Fingrid. This would involve Sello in balancing electricity consumption.
International studies have shown that Fingrid transmits affordable electricity with good quality control. Fingrid was found to be affordable in both a study by the European Network of Transmission System Operators (ENTSO-E) and a study commissioned by European energy regulators. A significant success factor was efficiency in construction and maintenance.
The new Länsisalmi substation is important for the electricity supply of Helsinki and Vantaa and for the development of energy supply throughout the area. The opening ceremony for the newest landmark in Vantaa was held on Tuesday 27 March 2018.
In addition to long-term projects, Fingrid is promoting several practical projects that enable the connection of new production to the existing main grid or provide customers with new electronic services.
Fingrid continued to make large investments and develop its operations in 2017. The company is in good financial condition and the result has developed as expected and according to regulation. Turnover was 672 million euros and more than 111 million euros were spent on investments.
Finland’s first corporate-level Green Bond has attracted a lot of international interest.
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.
The entire electricity system is undergoing an unprecedented change. Fingrid’s aim is to have effectively functioning electricity markets in the Baltic Sea region that ensure reliability of supply in all conditions. However, the “clean electricity system of the future” will require strong transmission connections in order to operate optimally.
Fingrid’s September customer event in Vantaa addressed serious disturbances and a power shortage in the electricity system.
