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Reserves and balancing power

Fingrid's services: Reserve market

 

We maintain and develop the marketplaces for reserve and balancing power.

Electricity production must be equal to electricity consumption at all times. The balance between production and consumption is indicated by the frequency of the electricity grid which has a nominal value of 50.0 Hz. The market operators plan and balance their consumption and production in advance, but in practice there are deviations during each hour. To balance these deviations, Fingrid procures different kinds of reserves from reserve markets. Reserves are power plants, consumption resources and energy storages which adjust their electric power according to the need of the power system.

 

Click here to watch a brief introduction to different reserve products