Transmission agreements from Russia to Finland in 2010

Fingrid, the Finnish transmission system operator (TSO), has made agreements with three electricity importers on electricity transmissions from Russia to Finland in 2010. The commercial capacity of the Russian cross-border connections is 1,300 megawatts (MW).Finnish Fortum Power and Heat Oy imports 400 MW, Finnish RAO Nordic Oy 650 MW and Swedish Scaent AB 250 MW. In accordance with a report submitted by Federal Grid Company (JSC "FGC UES"), the Russian TSO, the Russian electricity seller INTER RAO UES has agreed on electricity supply from Russia to Finland with the mentioned enterprises. Fingrid's transmission agreements with the importers apply until the end of year 2010.

There is ongoing development work with the Russian parties to amend the transmission conditions for imports of electricity from Russia, so that the electricity market could be served better. The work has been delayed due to differences in market structures between the European and the Russian electricity market and the different roles of the parties concerned. The implementation of more market-focused import conditions still requires changes both in Russian electricity market rules and the Russian electricity seller's agreements on electricity supply.

The English description of the transmission service and current fees on the Russian connections are available on Fingrid’s website.

Further information: Customer Manager Jarno Sederlund, +358 (0)30 395 4251 or +358 (0)40 519 5071