Preventive action is the prerequisite for a high standard of occupational safety. The amount of preventive action has increased enormously on Fingrid’s worksites over the past ten years.
The rapid electrification of society and industrial investment plans already pose a major challenge to the development of the power system.
Managing the nationwide power balance has become more important, and the revenue from balance services has accounted even for as much as two-thirds of the company’s revenues. As a result, Fingrid has transformed from an infrastructure company into a service company.
The most effective solution for the construction of offshore wind power from the perspective of both developers and consumers is that the project developer is responsible for building the connection lines and connecting their power plant to the mainland grid substation. This approach is also used in other production and consumption projects, allowing Fingrid to focus on developing the main grid.
The reform aims to reduce consumers’ exposure to fossil fuel price spikes, to accelerate investments in renewable energy sources (RES), and flexibility resources, and to enhance prevention of market manipulation.
Networks are the backbone of the green transition. The backbone of Finland´s energy system should also be a matter of prime importance to the country.
A record number of investment and maintenance projects are underway in the main grid. Despite the large workload, electrical safety must be a priority at all times.
An efficient, reliable, market-based power system that incentivises investment in all sectors is in society’s interests.
In order to maintain system security, it is vital to incorporate new and existing forms of flexibility in electricity production, storage and consumption into the reserve markets.
When a cross-border interconnector is disrupted, Fingrid has several means to guarantee the previously made trades are delivered, as the interconnector is not capable of transmitting all the electricity traded on the electricity 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.
