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 Nordic marketplace model for balancing energy is expanding to cover all of Europe.
Fingrid is continuing a pilot related to an independent aggregator model in the balancing energy market.
15-minute imbalance settlement period (ISP) will apply to the entire electrical energy industry and all market parties. The whole Nordic market area will switch to 15 min ISP at the same time, and according to the current schedule this will take place in December 2020.
One of Fingrid’s central tasks is electricity balancing, which means maintaining the balance between production and consumption. Fingrid uses fast and slow reserves for balancing, and purchases them from reserve markets. In the future, the importance of flexible resources will be even greater as production and also consumption become more variable. ”Hydropower can be regulated quickly, and that makes it a good reserve resource,” explains Expert Otso-Ville Rinne.
Production and consumption in the power system must continuously be kept in balance. As renewable energy becomes more common, we also need new types of system balancers.
Balancing electricity production and consumption is one of Fingrid’s main tasks. Balancing is a continuous process that involves buying and selling electricity on reserve markets, and Fingrid’s own reserve power is only used in exceptional situations. Both consumers and producers can participate in reserve markets and thus influence balancing of the power system.
Fingrid and the other Nordic TSOs have begun to promote the transition to a 15-minute imbalance settlement period. The energy balancing network code requires EU member states to switch to 15-minute imbalance settlement within three years of the code taking effect, which means December 2020.
In March 2017, the five Nordic transmission system operators signed a cooperation agreement concerning the development of a new Nordic balancing concept.
The guideline on electricity balancing was approved in a vote by EU member states in March 2017. The harmonised requirements are expected to entry into force by the end of the year. The guideline promotes the cross-border trade of reserves needed by TSOs, in particular balancing energy, and harmonises procedures concerning imbalance settlements.
Fingrid Oyj
Läkkisepäntie 21
00620 Helsinki
Tel. 030 395 5267
Fingrid.fi
Cookie declaration
Privacy policy
Fingrid is Finland’s transmission system operator. We secure reliable electricity cost effectively for our customers and society, and shape the clean, market-oriented power system of the future.
