2.10.2003 11:00
Press Releases

Terms for transmission of electricity from Russia to be revised at the turn of the year

Fingrid Oyj, the transmission system operator responsible for the national electricity transmission grid in Finland, offers to the electricity market actors a total of 600 megawatt (MW) of transmission capacity through its cross-border connections from Russia as of 1 January 2004.
The contract periods can range from one to three years, and the smallest unit that can be reserved is 50 MW. It has been decided to restrict the total volume of a transmission reservation made by a party from the earlier volume. The volume of capacity reserved now can be 300 MW in total for companies included in the same group of companies. The capacity reservations must be submitted to Fingrid by the end of October.

Fingrid's costs in grid losses and transmission capacity management have increased due to electricity imports from Russia. Extra costs are also due to the compensation arrangement in transit transmission applied for electricity trade within Europe. In order to cover the additional costs, the market border fee as defined in the pricing scheme of the grid service and as applied on imports from Russia, will be raised by 1,2 euros for a megawatt hour (MWh). Therefore the revised unit price of the market border fee as of 1 January 2004 will be 2,0 euros/MWh. ´

Further information:
Matti Tähtinen, Sales Director, +358 (0)30 395 5180, +358 (0)400 417 703