How will Finland become carbon-neutral by 2035 in line with the government’s target? Can electricity and heat generation operations set their sights on being emissions-free by the end of the 2030s? Janne Peljo, Project Director at Sitra considers how realistic these targets are and which technology solutions will be required to reach them without jeopardising the reliability of the power system.
International climate agreements are driving the search for ways of minimising carbon dioxide emissions, so many parties are interested in how much carbon dioxide is released by electricity generation.
The Finnish authorities are forecasting and making preparation for the risks related to weather and climate conditions due to climate change. Fingrid is working closely with the authorities to ensure that electricity transmission continues uninterrupted, even in the event of extreme weather.
My Fingrid, an electronic service portal, was made easier to use with the help of five pilot customers. How did the pilot go, Key Account Manager Lassi Vuokko from Caruna Oy?
The difference between the prices of electricity in Finland and the other Nordic countries will be evened out when the third reactor is completed at Olkiluoto. The increasing amount of wind power is also easing the situation.
Jukka Ruusunen, Fingrid’s CEO, says that the government’s programme will enable Finland to become a pioneer in terms of its clean, cost-efficient power system.
Nordic energy market collaboration has yet another success story in the making. Since 2017 market imbalance settlement and invoicing in Finland, Sweden and Norway has been managed by one company: eSett. Jointly owned by the transmission system operators Fingrid (Finland), Svenska kraftnät (Sweden) and Statnett (Norway), eSett received a new addition to the team as Denmark’s Energinet became one of the owners of the company.
Finland has 1,300 megawatts of reserve power for use in the event of a disruption in electricity generation. Fingrid is responsible for ensuring the operational reliability of reserve power at all ten of its own plants and at seven leased plants. Reserve power is constantly on standby, although there are only a handful of disruptions each year, and the full power output is very rarely needed.
The 1st of March was an important milestone in the European electricity market. On that day 20 years ago, continuous intraday trading between Finland and Sweden started with the ELBAS product. At the same time, Fingrid removed the cross-border transmission tariffs from its Nordic connections.
The Nordic marketplace model for balancing energy is expanding to cover all of Europe.
