Maintaining peak load power
The Finnish act which secures the security of supply of electricity and ensures that condensing power capacity, which is under a threat of being closed down, will be kept in readiness for use so that a balance between electricity production and consumption is retained, came into force on 15 December 2006 and will stay in force until 28 February 2011. By virtue of the act, Fingrid is to maintain the related arrangement.
In the winter period, the condensing power plants participating in the peak load power arrangement are kept in a starting readiness of a maximum of 12 hours, and the producers are obliged to offer electricity to the market during the peak load period as stipulated by the rules of the system, or the plants can be started by Fingrid when the maintaining of power balance requires this.
Finland and Sweden have introduced common bidding routines for peak load power in the Elspot market. These resources will be activated after all commercial Elspot bids have been activated. This means that the activation of peak load power does not unnecessarily disturb the functioning of the electricity market. Commercial Elspot bids will set the market price even if peak load power has been activated.
The system is financed through separate fees based on the act. Fingrid is entitled to collect these fees from the users of transmission services.
Peak load power capacity
Having sent inquiries for quotations concerning new power reserve capacity, Fingrid has concluded the contracts on the maintaining of peak load power with the producers for the remaining period of the relevant act, 1 March 2009 to 28 February 2011. The second contract period covers the same power plants as the previous period: Mussalo 2 owned by Nokian Lämpövoima Oy, Vaskiluoto 3 owned by PVO Huippuvoima Oy and Kristiina 1 owned by PVO Lämpövoima Oy. The total capacity of the power plants is 600 MW.
Hourly generation of peak load power plants
