Fingrid Newsletter 2/2024: Fingrid to collect grid service fees from July until December

2/2024 Open in browser >

New main transmission line to strengthen the main grid’s transmission capacity from the west coast to Southern Finland

Fingrid is building a new 400-kilovolt main grid transmission line from Kalajoki to Jämsä to transmit electricity from the major wind power production hub on the west coast to consumption sites elsewhere. The transmission line, known as the Lowlands Line, will be completed in 2027. It will enable new customer connections to the main grid and improve the overall security of the power system.

Fingrid explored preliminary possibilities to connect offshore wind power to main grid

Fingrid has preliminary identified five areas along the west coast where large offshore wind parks could be connected to the mainland Finland’s transmission grid by the 2030s. These connections would require significant investments in the grid.

The identified areas are Ulvila, Närpiö, Vaasa, Raahe, and Raisio. Additionally, the Inkoo area has been identified as a potential connection area if offshore wind power development becomes feasible in Finland’s southern sea areas.

Maintenance and construction work will limit electricity transmission capacity between Sweden and Finland in the summer

The transmission capacity of the cross-border electricity transmission connection between Northern Finland and Sweden will be lower than usual in the summer due to maintenance and construction work on transmission lines. The modifications and measurements carried out during the outage ensure the operational reliability and safety of the cross-border transmission connection.

Fingrid to collect grid service fees from July until December

Fingrid has made the decision to collect grid service fees from customers between July and December 2024 in accordance with the valid pricing. In keeping with its earlier announcement, the company waived grid service fees for January, February and June 2024.

Fingrid proposes reforms to the structure of grid service fees

Fingrid proposes reforms to the grid service fees it collects from its customers. The reform applies to both the connection fees of new customers and the grid service fees. The new model facilitates new connections and encourages regional balance.

Price rises in the electricity guarantee of origin service, effective from 1 July 2024

On 1 July 2024, Finextra Oy will increase the unit prices for issuing, importing and exporting electricity GOs. The reason for the pricing changes is the unforeseen additional costs incurred by Finextra Oy, which could not be reasonably foreseen when deciding on the pricing for 2024.

Fingrid expands outsourcing of market surveillance to aFRR energy market

Fingrid outsources regular monitoring of aFRR energy market to Nord Pool. The final responsibility for market surveillance and its implementation remains with Fingrid. The cooperation will enhance market surveillance and is continuation of the cooperation that started a year ago.

Welcome to the reserve market – additional earning opportunities for balancing the power system

The power system needs reserves to keep electricity production and consumption balanced every hour of the day and maintain a stable grid frequency. Fingrid hopes new players will join the electricity reserve markets – now, getting involved is easier than ever.

Fingrid and Svenska Kraftnät have agreed to implement 600 MW ramping limit on Fennoskan at the Nordic flow-based go-live

The Nordic TSOs are working on the flow-based capacity calculation methodology to be taken into use on October, 2024. Flow-based methodology brings forth some changes that create a specific challenge related to some of the old HVDC interconnectors.

The development of electricity and hydrogen transmission lays the foundation for the clean energy system of the future and the growth of the hydrogen economy

Finland has good conditions to develop into a pioneer in the hydrogen economy, producing 10% of the EU's clean hydrogen. Together with competitive renewable electricity production, electricity and hydrogen transmission infrastructures enable the growth of the hydrogen economy and the achievement of climate goals. Fingrid and Gasgrid Finland investigated in their joint project the possibilities and effects of the hydrogen economy on the Finnish energy system.

Shunt compensation significantly improves the transmission capacity of the main grid to Southern Finland

The green transition and the electrification of society are increasing electricity consumption throughout Southern Finland. At the same time, electricity production in the region is decreasing as incineration-based plants are shut down. Fingrid is augmenting electricity transmission capacity to Southern Finland by means of shunt compensation.

Fingrid issued a EUR 500 million green bond

Fingrid Oyj has issued a 500 million euro green bond with a 10-year maturity under its EUR 1.5 billion EMTN (Euro Medium Term Note) Programme.

Take a look at Fingrid's new company video!

Welcome to the most attractive clean energy market in Europe! Fingrid has launched a new company video to highlight the meaning of reliable main grid on a journey towards a greener future.

Watch the video from YouTube >

Top picks from Fingrid magazine:

Clear and timely advice on every aspect >

The reserve market is a network of many technologies >

Relay protection counters the adverse effects of disturbances >

The green transition also needs grids >

Finland’s emission reductions enable clean electric fuels >

Fingrid group -management’s review 1.1.−31.3.2024 >

Fingrid Oyj’s financial releases in 2025 >

Fingrid will modernise a substation in Jyväskylä to improve power system security >

Main grid substation to be expanded in Tammisto >

Shunt compensation significantly improves the transmission capacity of the main grid to Southern Finland >

Läkkisepäntie 21, Helsinki

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