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.
EU-wide network codes have been drawn up to promote cross-border exchanges in electricity. The network codes are divided into three areas: grid connection, system operation and market codes. The EU network codes are now complete. The network codes, which have entered into force, are outlined in this article.
The increase in renewable energy and the connection of wind and solar power to the grid have raised discussion about the concept of inertia. Fingrid’s Senior Expert Minna Laasonen explains what’s going on.
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
In a few years, the electricity accounting points and related information for all Finns will be available in a single register.
Fingrid’s pilot projects with Helen and the French company Voltalis are looking for a model and operating methods for independent aggregator activities in the balancing power and reserve markets.
Fingrid Oyj
Läkkisepäntie 21
00620 Helsinki
Tel. 030 395 5267
Fingrid.fi
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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.
