Market places

At the moment, demand-side management can only participate in eight different market places. Participation in reserves, for example, can mean only a few seconds' reduction in the power taken from the grid, or an hour's outage once in ten years. Or no outage at all, if power can be flexibly adjusted!

The activation numbers, reimbursement levels and technical requirements vary between different market places. The table below shows the suggestive reimbursement levels and technical requirements' main points. More information on the reserve and regulating power markets can be found here.
 
Operating on the day ahead market and intraday market requires an agreement with power exchange, as well as an agreement with an open electricity provider, which also covers balance responsibility. Further information: http://www.nordpoolspot.com/

 

​Market place​Type of contractMinimum
size​
Activation timeHow many times activatedPrice level
2014 *)
Frequency controlled normal operation reserve
Yearly and hourly markets
0,1 MW​
3 min​utes
Constantly
15,8 €/MW,h (yearly market) + price of electricity
Frequency controlled disturbance reserve​
Yearly and hourly markets
1 MW​
5 s / 50% 
30 s / 100%, when
f under 49,9 Hz OR 30 s, when 
f under 49,7 Hz and 5 s, when f under 49,5 Hz  
Several times per day
4,03 
€/MW,h (yearly market)
Frequency controlled disturbance reserve (on-off-model)
Long-term contract
10 MW​
Instantly, 
when 
f under 
49,5 Hz
About once a year
~0,5 
€/MW,h 
+ 580 
€/MWh + activation fee 
580 €/MW
FRR-A​ Hourly market​ ​5 MW Must begin within 30 s of the signal's reception, must be fully activated in 2 minutes ​Several times a day Hourly market + energy price​
Balancing power market
Hourly market
10 MW​
15 min​utes
According to the bids, several times per day
Market price
Fast disturbance reserve​
Long-term contract
10 MW​
15 min​utes
About once a year​
~0,5
€/MW,h
+
580 €/MWh
day ahead market
**)
Hourly market
0,1 MW​
12 h
-​
Market price
intraday market
**)
Hourly market
0,1 MW​
1 h​
-​
Market price​
Strategic reserves
***)
Long-term contract
10 MW​
15 min​utes
Rarely
-​
 

*) The reimbursement level prices are suggestive; more detailed terms and pricing principles can be found in agreements relating to each market place. The realised hourly market prices for automatic reserves can be found here.


**) Nord Pool
***) The Energy Authority