Competition for customers and improvements to profitability are driving electricity companies to work together. Several new national operators have entered the electricity retail market via corporate acquisitions as local electricity companies have consolidated their sales operations. Further consolidation is to be expected in the electricity industry.
The European Network of Transmission System Operators for Electricity (ENTSO-E) vision for 2030 has sparked debate of a revolution in the power system and the consequent opportunities and threats to the power system. The vision combines the simultaneous development of markets and operators and asks what should be done when the markets are harnessed for the good of the energy revolution.
Joachim Vanzetta, Chair of the Board for ENTSO-E, believes that the TSOs in ENTSO-E will continue to strive to find the right balance between the dimensions of the energy trilemma: sustainability, affordability and security of supply/system security.
The first decade of the ENTSO-E, founded ten years ago, has been full of changes. But the pace of the organisation will not slow down in the future, and one of the reasons for this is the energy transition. What is certain is that European cooperation will only become more important in the future.
Oksasen Puutarha specialises in cultivating lettuces. The company, which is based in the north of Turku, has been providing the frequency containment reserve for disturbances (FCR-D) and demand response for two years now. The provision of FCR-D causes the lights to go out in the greenhouse a few times a month, as agreed, in return for payments to Oksasen Puutarha.
The substantial differences in electricity prices in the Nordic region are due to different electricity generation structures
The difference between the prices of electricity in Finland and the other Nordic countries will be evened out when the third reactor is completed at Olkiluoto. The increasing amount of wind power is also easing the situation.
The 1st of March was an important milestone in the European electricity market. On that day 20 years ago, continuous intraday trading between Finland and Sweden started with the ELBAS product. At the same time, Fingrid removed the cross-border transmission tariffs from its Nordic connections.