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. ; ;
20.7.2022 14:14
Current News, Electricity Market

Balance service fees for balance responsible parties to rise on 1 September 2022

Fingrid will increase the balance service fees for balance responsible parties from 1 September 2022. The increase is due to a significant rise in the cost of the electricity system’s market-based reserves as a result of the exceptional market situation.

As of 1 September 2022, the volume fee for production and consumption by balance responsible parties will rise to EUR 1.2/MWh (the current fee is EUR 0.64/MWh). Other balance service fees will remain unchanged.

Since May, the costs of the market-based reserves that balance production and consumption within the electricity system have increased manyfold on the cost level compared earlier in the year. This increase has been due to the cessation of Russian electricity imports, the high price of electricity and the prevailing conditions in the electricity market. Both the price of the necessary reserves and the quantity to be acquired on the national market have increased. Most of the cost increase has occurred in the acquisition of Automatic Frequency Restoration Reserves (aFRR, see the diagram). The procurement costs of the aforementioned reserves are covered by the volume fees for production and consumption by balance responsible parties.

Procurement of Automatic Frequency Restoration Reserve

Link to reserve procurement reports: Automatic Frequency Restoration Reserve (aFRR), realised hourly transactions >

Changes in electricity market conditions will lead to greater uncertainty in balance service costs. The balance service fees will be valid until further notice. Both balance service fees and balance service costs are continuously monitored, and fees will be revised to cover operating costs.

Further information:

Jani Piipponen, Manager, balance services, Fingrid, tel. +358 (0)30 395 4186 (more easily reachable from 11 August)

Email addresses are in the form firstname.lastname@fingrid.fi

See also:

Prices per megawatt-hour can be converted into prices per kilowatt-hour using the following formula: EUR 1.20/MWh = EUR 0.00120/kWh = 0.120 cents/kWh