Price of the last ordered up-regulation bid

The price of the last ordered up-regulation bid

The price of the last ordered up-regulation bid is published only when both of these preconditions are fulfilled:

  • Finland operates as its own balancing area (up-regulation from other Nordic countries is not possible)
  • Less than 150 MW voluntary up-regulation bids are available

 

The balancing power market provides resources for balancing the production and consumption in real-time. Fingrid requests either up- or down regulation bids from the market at the real-time need. Up-regulation can be increase in generation or reduction in consumption and last ordered up-regulation refers to price of the last activated up-regulation bid for balancing purposes. If Fingrid has activated the regulation bids for purposes other than balancing (i.e. special regulation), the final regulating price may differ from the published real-time price.

The price of the last ordered down-regulation bid

The price of the last ordered down-regulation bid is published only when both of these preconditions are fulfilled:

  • Finland operates as its own balancing area (down-regulation from other Nordic countries is not possible)
  • Less than 100 MW voluntary down-regulation bids are available

 

The balancing power market provides resources for balancing the production and consumption in real-time. Fingrid requests either up- or down regulation bids from the market at the real-time need. Down-regulation can be increase in consumption or reduction in production and last ordered down-regulation refers to price of the last activated down-regulation bid for balancing purposes. If Fingrid has activated the regulation bids for other purposes than balancing (i.e. special regulation), the final regulating price may differ from the published real-time price.