Page 1 Created with Sketch. Page 1 Created with Sketch. Page 1 Created with Sketch. Page 1 Created with Sketch. Artboard 1 copy 14Artboard 1 copy 7Artboard 1 copy 66Artboard 1 copy 23Artboard 1 copy 16Artboard 1 copy 55Artboard 1 copy 43Artboard 1 copy 50Artboard 1 copy 54Artboard 1 copy 34Artboard 1 copy 51Artboard 1 copy 36Artboard 1 copy 35Artboard 1 copy 46Artboard 1 copyArtboard 1 copy 31Artboard 1 copy 48Artboard 1 copy 9Artboard 1 copy 27Artboard 1 copy 8Artboard 1 copy 20Artboard 1 copy 2Artboard 1 copy 24Artboard 1 copy 62Artboard 1 copy 30Artboard 1 copy 41Artboard 1 copy 28Artboard 1 copy 26Artboard 1 copy 67Artboard 1 copy 52Artboard 1 copy 33Artboard 1 copy 29Artboard 1 copy 19Artboard 1 copy 53Artboard 1 copy 22Artboard 1 copy 21Artboard 1 copy 12Artboard 1 copy 13Artboard 1 copy 47Artboard 1 copy 49Artboard 1 copy 57Artboard 1 copy 32Artboard 1 copy 4Artboard 1 copy 25Artboard 1 copy 10Artboard 1 copy 15Artboard 1Artboard 1 copy 56Artboard 1 copy 11Artboard 1 copy 38Artboard 1 copy 65Artboard 1 copy 39Artboard 1 copy 5Artboard 1 copy 58Artboard 1 copy 6Artboard 1 copy 17Artboard 1 copy 40Artboard 1 copy 60Artboard 1 copy 3Artboard 1 copy 45Artboard 1 copy 18Artboard 1 copy 42Artboard 1 copy 61Artboard 1 copy 63Artboard 1 copy 64Artboard 1 copy 59Artboard 1 copy 44Artboard 1 copy 37 Combined Shape Created with Sketch. icon/info Created with Sketch. icon/info Created with Sketch. Group 17 Created with Sketch. Fill 1 Created with Sketch. Page 1 Created with Sketch. 99021DFE-DB58-4EE2-9D52-C2BF154A8B0A Created with sketchtool. Oval 2 Created with Sketch. Combined Shape Created with Sketch. Combined Shape Copy Created with Sketch. Group 18 Created with Sketch. Group 16 Created with Sketch. Page 1 Created with Sketch. ; ;
27.12.2021 11:57
Current News, Electricity Market

Balance service fees of balance responsible parties to rise on 1 February 2022

Fingrid will increase balance service fees of balance responsible parties from 1 February 2022. Key reasons for the increase are a rise in the costs of market-based reserves and by the end of the year continued uncertainty in the market environment, which has caused imbalance costs to be higher than forecast.

The fees for balance responsible parties volume fee (for actual production and consumption) ​will change as of 1 February 2022, increasing the current fee to EUR 0.41/MWh (currently EUR 0.36/MWh). The increase is approximately 14 per cent. Other balance service fees will remain unchanged.

In the current market environment, the costs of the balance service have been higher. The main background factors are a rise in the costs of market-based reserves, which are used to balance out generation and consumption in the power system and the end of the year disparities in area and imbalance power prices, combined the surpluses of balance responsible parties between Finland and the other Nordic countries, and the costs thereby arising.

Changes in market conditions will occur more frequently as the energy revolution progresses, resulting in significant fluctuations in costs. Fingrid reviews balance service fees quarterly to ensure that the costs of balance services are more consistent with the fees charged for them.

Further information:
Jani Piipponen, Manager, balance services, Fingrid, tel. +358 30 395 4186