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electricity markets

Viewpoint

…And a call comes in from the main grid control centre…

It is a Monday morning, and a call comes in from the main grid control centre. Over the weekend, the Swedish transmission system operator Svenska kraftnät (Svk) began limiting the transmission of electricity from Finland to Central Sweden. I recalled a moment last summer when Svk was forced to limit the transmission of electricity from Norway, leading to confusion in the electricity markets – surely history will not repeat itself on the border between Finland and Sweden…?

Electricity market

Closer Nordic collaboration

Nordic RSC, the joint Regional Security Coordinator office of the Nordic transmission system operators, offers transmission system operators regional analysis in support of operational planning and implements a new method for calculating capacity based on transmission.

Viewpoint

Markets enable transformation

Twenty-five years of open electricity markets have gone by in a flash. The markets have expanded, and marketplaces and connections have improved, writes Fingrid’s Executive Vice President Asta Sihvonen-Punkka.

Electricity market

Comments on electricity markets and the Nordic Balancing Model: Work to be done; efficiency cannot be compromised

We asked four electricity market specialists how they see electricity markets developing and the Nordic Balancing Model progressing as representatives of their organisations. The responses reveal concerns over the continued transparency of electricity markets and the costs of the Nordic balancing model. There is work still to be done, as the 15-minute imbalance settlement period will require a substantial change to electricity metering.

Viewpoint

A year full of surprises in the electricity market

In the electricity market, 2020 has been a historically unique year. In this column, three specialists from Power-Deriva – Mika Laakkonen, Ville Venäläinen and Antti Martikainen – describe how 2020 has been a unique year for the electricity market from their perspectives.

Electricity market

Is a negative price the new normal?

For the first time, the price of electricity in the day-ahead market in Finland and Sweden turned negative for a few hours in February 2020 and again in July. On the road towards a climate-neutral power system, it is likely that electricity prices will turn negative again for a few occasional hours.

Electricity market

Consumers benefit from a uniform price area

The transmission system is designed with the objective of maintaining a large transfer capacity so it is not necessary to limit power transmission. This ensures that there is a single price area in Finland.

Partners

The race for customers is hotting up on electricity markets

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.

Electricity market

A shared vision will bring markets and operators into close convergence

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.

Electricity market

ENTSO-E Chairman “looks back to look forward”

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.

 

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