Fingrid’s Datahub stores customer, metering, and accounting point information in one place. Datahub is a quick, efficient, and easy centralised information exchange system for the electricity retail market. The information collated by Datahub is up to date, secure, and easy to trace. Datahub is part of Fingrid’s smart, clean, and safe energy system.
Preparations for the introduction of the single price-single imbalance model were going on for long time in Finland and the other Nordic countries. Marja Eronen, Senior Expert, has been responsible for Nordic cooperation in the project, and Jani Piipponen, Balance Services Manager, is responsible for the deployment of the model in Finland.
Google’s data centre in Hamina celebrated its 10th birthday in September. In ten years, Google has become a significant business partner and an active player that employs and trains top experts while revitalising the business structure in the Kymenlaakso region through its presence, thereby boosting the gross domestic product of Finland as a whole.
Fingrid is building a platform for the clean electricity system, which contributes to Finland’s carbon neutrality goals and creates opportunities for new consumption investments. This development is built upon Fingrid’s long-term grid planning work, which includes preparing a network vision, the main grid development programme for the next ten years, and an investment programme that results in the construction of the physical network.
The Nordic countries – Finland, Sweden, Norway, and Denmark – switched to a single price and single imbalance model for imbalance settlement at 1 am on 1 November. The Nordic balance model (NBM) program aims to respond more quickly to the changes of the electricity market where single price and single imbalance model is the first step on the journey.
Society is going through a vast electrification process that is shaping life as we know it. For TSOs, this poses a lot of challenges: massive changes in the industry are
necessary in order to enable full electrification.
The Nordic electricity market demands a new form of collaboration and foresight in order to overcome the challenges of tomorrow, says Fortum’s Simon-Erik Ollus.
In June, the Energy Authority issued a decision requesting Fingrid to issue transmission rights for the cross-border transmission links between Finland and Estonia. When a smaller area is connected to a larger area with a more liquid hedging market, transmission rights will significantly increase the opportunities available to market parties to hedge against fluctuating electricity prices in that area.
The Go-Live of Fingrid’s datahub, the centralised information exchange system for the electricity retail market, is progressing. A trial production run of datahub, covering the entire electricity market, began in June to test and verify the system’s functionality. The observations and user experiences gained from the trial will help to improve the system further.
The price of emission rights has doubled in the last six months. At the end of May, the right to emit one tonne of carbon dioxide into the atmosphere was priced at EUR 54, more than double the EUR 25 price at the end of last year. The change is striking compared with the trend from 2013 to 2018 when emission rights cost just EUR 5–10.
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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.
