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.
Fingrid has consistently been successful in the International Transmission Operations and Maintenance Study (ITOMS). The company was at the top of the 2015 study for the 11th consecutive time. ITOMS is held every two years.
What if the electricity was cut off for a couple of weeks because of exceptional weather conditions? What would happen to the flow of information if normal communication devices didn’t work? Where would citizens get heat and water and how would we secure fuel distribution? These threats were the starting points for the large Jäätyvä (dealing with a widespread power outage caused by freezing weather) exercise held in Kuopio in October.
Fingrid is asking land owners and residents living near transmission lines to provide feedback as the basis for developing communications, also using new tools. E-mail, Facebook and SMS messages have been tested for land owner communications in the Vanaja–Tikinmaa construction project. An informative tower erection display attracted a large audience in Hämeenlinna.
Many disturbance situations in overhead lines can be rapidly cleared using relay protection and automatic reclosing.
Fingrid reacted quickly to Kemira’s plant expansion in Joutseno by renewing the main grid in Southern Karelia and building a new substation in the Joutseno area. This ensures that the growing need for power and electricity consumption can also be met in the future.
