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
bid size​
Market gate closure (EET)Activation timeHow often activatedPrice level
2018 *)
Frequency controlled normal operation reserve
Yearly and hourly markets
0,1 MW​
Yearly market previous autumn, hourly market day before at 18:30
3 min​utes
Several times a day
14 €/MW,h (yearly market) 
Frequency controlled disturbance reserve​ (FCR-D)
Yearly and hourly markets
1 MW​
Yearly market previous autumn, hourly market day before at 18:30
Linearly of partly linearly within 5 s / 50 % and 30 s / 100 %, when f under 49,9 Hz OR single step activation 5 s when f under 49,7 Hz / 3 s when f under 49,6 Hz / 1 s when f under 49,5 Hz  Several times per day - per year
2,8 
€/MW,h (yearly market)
aFRR
Hourly market
5 MW​
Day before at 17:00
Must begin within 30 s of the signal's reception, must be fully activated in 2 minutes 
Several times a day
Hourly market price + balancing energy price
Balancing power market (mFRR)
Hourly market
5 MW​
45 min before each hour
15 min​utes
According to the bids, several times per day - per year
Market price
Balancing capacity market (mFRR)​
Weekly auctions
5 MW​
Week before on Tuesday at 12:00
15 min​utes
According to the bids, several times per day - per year
~3
€/MW,h
Day ahead market
**)
Hourly market
0,1 MW​
Day before at 13:00
-
-​
Market price
Intraday market
**)
Hourly market
0,1 MW​
30 min before each hour -
-​
Market price​
Strategic reserves
***)
Long-term contract
10 MW​
 ***)
15 min​utes for DSR, 12 h for power plants
Rarely
-​
 

*) The price levels are suggestive; more detailed terms and pricing principles can be found in agreements relating to each market place and realized market prices can be found here.
**) Nord Pool markets
***) The Energy Authority makes the procurement every 2-3 years