Electricity market
20 years with energy issues in the EU Commission
An electrical kit he received as Christmas gift sealed the career choice of Matti Supponen, who is an electricity market expert in the EU.
27.11.2018
An electrical kit he received as Christmas gift sealed the career choice of Matti Supponen, who is an electricity market expert in the EU.
In 2016, the Ministry of Economic Affairs and Employment appointed a Smart grid working group made up of experts in energy markets. The group has now published its final report, which provides a vision for the smart grids of the future. The working group also presents concrete measures concerning how smart grids can promote the active participation of customers in the electricity market and thus contribute to maintaining security of supply.
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.
Single-family houses form a significant share of our country’s energy economy. During this time of energy transformation , we often speak of electricity shortages and overproduction. Residents in single-family houses play a key role on the renewable modernising electrical energy markets in the aim to intelligently balance electricity consumption.
For a transmission system operator, the basis of operations is slightly different to what it is in many other companies. The aim of development work is not necessarily an increase in market share or the active launch of a product. Neither does the money invested in R&D activity always bring financial benefit in the same financial period. It is, however, also important to do sustained development work.
The usability of Fingrid’s open data service has been developed on the basis of user feedback. The service now allows users to upload Excel files and several datasets to the same file at one time. The content descriptions for the datasets have also been improved.
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.
For Planning Manager Ritva Hirvonen, work has been both a lifestyle and a hobby. She retired in the summer, but continues to work at Fingrid as an hourly employee.
A flexibility platform will be piloted in Finland, Estonia and Latvia as part of the broad Horizon 2020 EU programme.
Fingrid selected a system supplier for Datahub during the summer. The schedule for the project was clarified at the same time. According to the updated schedule, Datahub will be implemented in April 2021.