Study on the design of flexibility markets in Finland

Fingrid, the transmission system operator in Finland, is, among others, responsible for the development of the electricity market in Finland and intends to develop an own vision on the design of a Finnish real-time flexibility market. Fingrid therefore invited E-Bridge to conduct a study on real-time electricity markets in order to improve Fingrid´s understanding of the topic, to prepare Fingrid for further discussions with policy-makers and other stakeholders and to develop a strategy on of and how real-time flexibility markets shall be implemented in Finland. The study included:

  • An evaluation of a real time flexibility market with reference to the stipulations done by Clean Energy Package and the Smart Grid Group of the Finnish Ministry of Economic Affairs and Employment. The time horizon could be 2025 – 2030.
  • An outline the real time market design and architecture covering the European intraday market, balancing markets and local TSO-DSO congestion management markets, their mutual interactions and their interactions with market participants and resources.
  • Taking full consideration of relevant studies, pilot projects, agreements or decision documents already developed by, e.g. ENTSO-E, the four European DSO associations, USEF and others.

In order to properly elaborate the above mentioned topics, the project was divided into two phases: In Phase 1, a clear understanding of the different options of real-time flexibility markets will be developed in order to decide on Fingrid’s own preferences. During Phase 2, the cornerstones of a flexibility market will be discussed with relevant stakeholders.

The outcome of the study is a “White Book” that has been used by Fingrid to decide on the next steps further and to prioritize the next steps to improve the utilization of flexibilities. The White Book has also been used to discuss with stakeholders and to develop a common understanding on measures to be taken in the balancing mechanism and for congestion management.

The report can be downloaded here:

Fingrid_Vision Flexibility Markets_2019

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