Adequate supply of electricity despite tightening power balance situation
Yesterday, Fingrid increased its readiness due to high electricity consumption and the continued cold front. The state of the power system is stable and the adequacy of electricity remains good.
On Thursday afternoon and in the evening hours, demand-side flexibility decreased electricity consumption by a few hundred megawatts, which served to ensure sufficient power capacity. Yesterday, on Thursday, electricity consumption peaked between 12 noon and 1 p.m., during which time the hourly average load was 14,804 MW. The price of electricity has steered electricity consumption. On Friday morning, electricity consumption is 800 MW lower than the forecast. From the perspective of electricity adequacy and price, it is still important that electricity users schedule their consumption away from the evening and morning peak hours.
The power system is experiencing some equipment damage in both transmission and production due to the freezing temperatures. The faults in transmission have caused outages in distribution networks across Finland. In power production, the defective power plants have now restored production for the most part. The situation remains sensitive to unexpected disturbances in the power system.
Fingrid will continue to maintain heightened readiness in the operation of the power system for the time being. The situation is being monitored closely and the assessment will be updated as needed.
Tuomas Rauhala, Senior Vice President, Fingrid Oyj, tel. +358 40 506 4695
Arto Pahkin, Manager, Main Grid Control Centre, Fingrid Oyj, tel. +358 400 756146
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