The renewal of the electricity market represents an opportunity for market actors and consumers. However, the transition phase will create pressure to change and uncertainty for both groups as the discussion shifts to bidirectional power system products, energy community regulations and energy storage.
Fingrid’s strategic projects strengthen the company’s target of remaining agile during the energy market transformation and safeguarding power system functionality in a reliable way. The company’s fast, new investments over a 5–10 year time window are aimed at proactively addressing the challenges of the global clean-up project
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 Smart grid working group appointed by the Ministry of Economic Affairs and Employment has published its interim report. The main message is that, in the future, consumers will have more opportunities to participate in the electricity market and be able to influence their electricity bill to a greater extent. A smart electricity system will provide actors with more possibilities, and is a cost-effective way to respond to the challenges of the energy transformation.
As a transmission system operator, Fingrid has a central role in powering Finland. During the past year 2017, we continued to develop the grid for the power system of the future, writes Fingrid's President and CEO Jukka Ruusunen. Take a look at the Annual Report: annualreport.fingrid.fi/en/
The days when electricity flowed in one direction from combustion plants to consumer outlets are over. We are now in the midst of a global energy revolution caused by decentralised technologies and digitalisation – and Finland should take advantage of it. PUBLISHED 24.11.2017
“Last November, the European Commission announced a bunch of legislative proposals concerning the Energy Union. Since then, the proposals, called the Winter Package, have received a new name,” writes Asta Sihvonen-Punkka, Fingrid's Senior Vice President, Markets, in her blog posting. PUBLISHED 5.4.2017
“We have plenty to offer, but our weakness is a lack of cooperation. Let’s change this through active interaction with nearby countries, since a common voice is a louder and more influential voice – and this also applies in the EU,” writes Tiina Miettinen, Fingrid's Senior Vice President, HR and communications, in her blog posting.
Fingrid and the transmission system operators (TSO) in Sweden and Norway switched to joint imbalance settlement in the spring. The centralised model improves electricity market efficiency marks a step towards a joint-Nordic end user electricity market.
“Fingrid collects customer feedback via several channels. A good meter and trend indicator is the customer feedback survey conducted every year; respondents comprise around 200 customers. Continuous feedback recorded in the customer information system is collected from routine customer encounters,” says Jussi Jyrinsalo, Fingrid’s Senior Vice President responsible for customer relationships.
Early this year, Finland initiated discussion about the need to fix the electricity market, subsequently bringing about a broad-ranging exchange of ideas. The first concrete pilot project in the Nordic electricity exchange has also been launched.