Market Participants Interested in Electricity Transmission Capacity from Russia

The electricity transmission capacity offered by Fingrid, the Finnish transmission system operator, to electricity market participants through its cross-border connections from Russia has raised great interest. By the due date 4000-5500 megawatts (MW) of transmission reservations were submitted, amount of which clearly exceeds the available commercial capacity of the connections 1300 MW.
Fingrid offers capacity on the transmission connections from Russia for electricity import purposes to electricity market parties at equal, uniform and public principles. Transmission reservations for contract periods starting at the beginning of the year 2008 have been submitted to Fingrid by end of September as follows:

	Capacity, MW
EGL Nordic AS (Norway)	400
E.ON Energihandel Nordic AB (Sweden)	800
Fortum Power and Heat Oy (Finland)	400
Norsk Hydro ASA (Norway)	300
OstElektra GmbH (Germany)	100
RAO Nordic Oy (Finland)	550 ... 1300
Scaent AB (Sweden)	250
Statkraft Energi AS (Norway)	700
United Power Oy (Finland)	150 ... 860
Valkeakosken Energia (Finland)	100
Vattenfall AB (Sweden)	300
Total	4050 ... 5510

Fingrid will confirm the transmission reservations after it has received an account of corresponding reservations on the transmission connection in Russia from the Russian main grid company. The contract periods will be limited to one year, and the smallest unit that can be reserved is 50 MW.

The current service description for cross-border connections from Russia is provided at Fingrid website.  Also further information about the prospects for a development of more market-based approach to capacity allocation is available at Fingrid website.

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