Fast Frequency Reserve

Fingrid procures Fast Frequency Reserve from markets once a day. Reserve provider may participate in the market by signing a contract with Fingrid. Bids to the Fast Frequency Reserve market are used in price order. Fingrid confirms transactions for the next day on the previous evening. The pricing method used is marginal pricing. If needed, Fingrid procures Fast Frequency Reserve also from other countries.

The needed volume of Fast Frequency Reserve depends  on the amount of inertia in the power system and the size of the reference incident. Therefore, the reserve is procured for only some of the hours and the needed volume varies. On this page, you can find procurement forecast for Fast Frequency Reserve and information about procured volumes and market prices.

Details

Mikko Kuivaniemi

Specialist
tel. +358 30 395 5188