11.3.2016 14:00
Current News, Electricity Market, Power System

Decentralised household consumption on the reserve market for the first time

Decentralised electricity consumption by households has been approved for the frequency-controlled normal operation reserve for the first time in the Nordic countries. This is the first time in the Nordic countries, and probably in Europe, that households, together with the electricity supplier, participate in the fast and continuous maintenance of the power balance. Previously, only electricity consumption by industry has participated in the frequency-controlled reserve market in addition to traditional power plant reserves.Household boilers will act as this kind of reserve; they are switched on and off according to fluctuations in frequency. More information on the project is available in Fortum's press release here.
 
Fingrid maintains the reserve market, which is utilised to safeguard the balance between consumption and production in the electricity system. Frequency-controlled reserves react automatically to fluctuations in the frequency of the electricity system by changing their own electricity production or consumption.
 
See the story by YLE on the matter here (in Finnish).
 
Further information:
Fingrid Oyj, Jonne Jäppinen, Development Manager, tel. +358 30 395 4225