All market operators must have equal access to the electricity market. Openly available, real-time market data plays a key role in this.
Electricity consumption, power flows and electricity prices are the most important datasets. Consumption data indicates how much electricity is being used at different times. Power flow data illustrates the movement of electricity in the grid, which helps to ensure reliable and safe transmission. Price data reflects the balance between supply and demand.
Accurate information about the European electricity market
At the request of its customers, Fingrid continuously publishes new datasets in its Open Data service. A recent example is the charging and discharging power data of electrical storage systems.
Open Data’s API interface is also developed so that its technical features will better meet customers’ needs.
The service contains more than 200 datasets that can be easily integrated into customers’ own systems via an API.
“Fingrid’s Open Data website is open to everyone, and we use it to publish information about Finland’s electricity system. The service contains more than 200 datasets that can be easily integrated into customers’ own systems via an API,” says Heini Manninen, Data Service Manager responsible for Fingrid’s Electricity Market’s Data Service.
There are other important sources of information in the electricity market in addition to the data provided by Fingrid.
ENTSO-E, the European Network of Transmission System Operators for Electricity, publishes comparable data from different countries on its free-of-charge Transparency Platform. Data transparency is vital in ensuring a level playing field and a well-functioning electricity market.
Different data sources complement each other
NUCS, the Nordic Unavailability Collection System, is another important data platform. NUCS platform is owned by the Nordic TSOs and focuses on sharing information about outages in the electricity market.
NUCS collects data on unavailable production, transmission and consumption capacity in the Nordic power system and also other information that may affect the functionality of the electricity market. Data is published on NUCS’ free-of-charge platform.
“Fingrid also provides data for ENTSO-E’s Transparency Platform and the NUCS platform. Although the data from different platforms may appear to overlap, the platforms provided by Fingrid, ENTSO-E and NUCS complement each other”, says Fingrid’s Jussi Matilainen, Unit Manager, Market Data and Innovations.
Fingrid’s Open Data covers Finland and is tailored to serve the Finnish electricity market. ENTSO-E’s Transparency Platform meets legal disclosure obligations and provides data from all European countries. NUCS collates unavailability data from the Nordic countries.
More information about electricity market data: ENTSO-E’s Transparency Platform and NUCS
