Welcome to the reserve market – additional earning opportunities for balancing the power system
The power system needs reserves to keep electricity production and consumption balanced every hour of the day and maintain a stable grid frequency. Fingrid hopes new players will join the electricity reserve markets – now, getting involved is easier than ever.25.03.2024
A perfectly normal week at work
At the beginning of the year, Asta Sihvonen-Punkka stepped up from the positions of Executive Vice President and Senior Vice President of Electricity Markets to become the CEO of Fingrid. Her new work involves familiar topics, as well as learning new things and having to give up others.06.03.2024
Viewpoint
Clear and timely advice on every aspect
An efficient, reliable, market-based power system that incentivises investment in all sectors is in society’s interests.
Active electricity markets = strong system security
In order to maintain system security, it is vital to incorporate new and existing forms of flexibility in electricity production, storage and consumption into the reserve markets.
Intraday market trades saved money and strengthened operational security
When a cross-border interconnector is disrupted, Fingrid has several means to guarantee the previously made trades are delivered, as the interconnector is not capable of transmitting all the...
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The need for reserves is increasing rapidly
The energy transition is leading to a huge increase in the need for power system reserves.
The reserve market is a network of many technologies
As much electricity must be produced as is consumed at any given moment. It is a simple equation, but the solution is complex.
Clear and timely advice on every aspect
An efficient, reliable, market-based power system that incentivises investment in all sectors is in society’s interests.