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.
The Vaasa region is home to an international hub of energy technology industry with strong expertise in areas like decentralised energy production, energy distribution and operations solutions. The hub employs 11,000 people, and many of its more than 140 companies are international market leaders in their sectors. The combined turnover of the companies is over 4.4 billion euros, and export accounts for more than 80% of that figure. This is equivalent to nearly one-third of Finland’s total energy technology exports.
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.
Committees give different customer groups the opportunity to present their views on Fingrid’s activities. The committees don’t make decisions, but they discuss matters and share information. The minutes of the meetings are public.
Our questions about European electricity market integration were answered by Laurent Schmitt, Secretary-General of ENTSO-E.
