Electricity market
Why is data management important for the energy sector?
Fingrid’s Head of Business Development, Mikko Järvenpää, answers the questions.
16.4.2021
Fingrid’s Head of Business Development, Mikko Järvenpää, answers the questions.
The joint Nordic balancing model is making progress in Finland and all across the region. Some adjustments have been made to the timetables.
Fingrid is taking part in the OneNet flexible market project, which began last autumn. OneNet is a three-year research project that is mainly funded by the European Commission’s Horizon 2020 framework. It seeks to develop various flexible market solutions to address the challenges that the power system faces during the energy revolution.
EU Commission prioritises electricity grids, offshore* energy and renewable gases over oil and natural gas infrastructure.
Transmission system operators do not know everything. Nordic transmission system operators have been in the habit of preparing their proposals together before asking customers and other stakeholders for their comments.
Fingrid’s committees are advisory organs that form a link between Fingrid and representatives of its various customer groups. The committees give their views on Fingrid’s operations and the services it offers to customers. Vattenfall’s CEO Elina Kivioja and Oulu Energy’s Energy’s Director of Sustainability and HR Katja Virkkunen appreciate the open dialogue in Fingrid’s customer committees.
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.
Finland’s ambitious climate targets will lead to an enormous increase in electricity generation and consumption. This requires Fingrid to make investments and take other development measures to enable a clean electricity system. As Fingrid embarks on this work, it seeks to collaborate even more openly and closely with actors in the sector.
The development of Datahub is about to be finalized and the system was opened to the entire sector for test operation in October. During the testing phase, the quality of the data will be verified, and the market parties will test various functions in phases.
This autumn and winter, the energy sector working group set up by the Ministry of Economic Affairs and Employment will analyse the possibilities and obstacles to sector integration and seek tangible solutions for promoting the issue. The working group is expected to produce an interim report by February and a final report in summer 2021.