26.7.2003 11:00
Press Releases

Transmission capacity can be reserved on Fingrid's cross-border connections from Russia

Fingrid, the Finnish transmission system operator, offers to the electricity market parties electricity transmission capacity through its cross-border connections from Russia. As of the beginning of 2004, a total of 600 megawatts (MW) of transmission capacity will become available on these connections. The transmission capacity is offered to the electricity market parties at equal transmission and price terms. As of the beginning of 2004, total of 600 MW of transmission capacity can be reserved.

The binding transmission reservations for contract periods starting at the beginning of the next year must be submitted to Fingrid by the end of October. The contract periods can range from one to three years, and the smallest unit that can be reserved is 50 MW. It has been decided to restrict the total volume of a transmission reservation made by a party from the earlier volume. The total volume of capacity reserved now can be 300 MW for companies included in the same group of companies.

Fingrid will confirm the transmission reservations after it has received an account of corresponding reservations on the transmission connection in Russia. RAO EES Rossii is responsible for cross-border and grid transmission in Russia.
Fingrid's costs caused by electricity imports from Russia have increased. The reason for this increase is the compensation arrangement for transit transmissions of electricity introduced in electricity trading within Europe and the corresponding Nordic allocation model for transit transmission costs, revised at the beginning of 2003. In order to cover the additional costs, Fingrid is planning to change the pricing of transmissions taking place from Russia as of 1 January 2004 so that the market border fee will be raised by approx. 1 euro per imported megawatt hour. The final decision concerning the change in pricing will be made in September 2003.

Further information:
Matti Tähtinen, Sales Director + 358 (0)30 395 5180, + 358 (0)400 417 703
Nina Elomaa, Sales Manager + 358 (0)30 395 5274, + 358 (0)40 519 5074