We offer an effective platform for information exchange for parties operating in the retail market.
It is Fingrid's task to develop the exchange of information required for electricity trade and imbalance settlement as set out in the Electricity Market Act (Sähkömarkkinalaki, 588/2013). Fingrid's information exchange services are part of the electricity markets' information exchange environment. In order to develop the effective and accurate exchange of information, Fingrid carries out close cooperation with e.g. electricity market parties, interest groups, service providers, supervisory authorities, legislators, organizations which develop national and international communications and other transmission system operators. Effort is required of all electricity market parties to ensure a functional information exchange environment.
As part of its responsibility for the development of information exchange, Fingrid also carried out an investigative project to broadly assess the exchange of information and related needs for development on the electricity retail markets. As a result of its investigative work, Fingrid presented Datahub as the electricity market information exchange solution for the future. A decision on the implementation of Datahub was made by the Ministry of Employment and the Economy.
The information exchange services are included in Fingrid's information exchange service’s service agreement. The Energy Authority confirmed the method for determining the reasonable profit of Fingrid’s information exchange service and the service terms and conditions for information exchange services. An information exchange service agreement will be concluded with new operators as part of the measures that must be implemented before starting up operations on the electricity retail market.
In spring 2015, Fingrid launched a project to clarify information exchange on the electricity retail markets and make it more efficient. In 2021, data sent between electricity consumers, sellers and distribution companies will be stored in a datahub, where it will be equally available to all market operators.
Preconditions to new services is that the customer is strongly authenticated. Datahub enables the customer to participate actively to electricity market by using different kinds of service providers. Customer can get new services to follow up his consumption or to participate into demand response. Precondition to these services is that the customer is reliably individualized and recognized in Datahub and this way the requirements for data protection can be fulfilled. The parties retrieving data from the Datahub must have a valid contract with the customer or authorization from the customer to his information. Identifying the customer is done by using the existing identifications such as identification code or company code.
Behind the project is the Electricity Market Act, updated in 2013, which tasked Fingrid with responsibility for the development of information exchange required by electricity trading and imbalance settlement.
In 2014, Fingrid reviewed various options of implementing this exchange of information. In addition to a solution administrated by the transmission system operator, systems managed by commercial companies, the industry, or public authorities were also considered. Fingrid's resolution was to recommend a centralised solution. A system managed by the transmission system operator entails such strengths as impartial operation, and a similar model has proven to be well-functioning in Denmark and Norway, for example. After reviewing the information exchange study and hearing stakeholders, the Ministry of Employment and the Economy requested Fingrid to initiate the datahub implementation project on 8 April 2015.
Datahub at electricity sellers' and consumers' service
Datahub is a centralised information exchange system for the electricity retail market, which will contain data from 3.5 million electricity metering points in Finland. The information contained in the datahub will be used by approximately 100 electricity suppliers and over 80 distribution network companies serving electricity consumers.
In 2021, when a Finnish consumer changes electricity suppliers, all the necessary information will be sent between the electricity seller and distribution network company via a centralised information exchange system known as a datahub. This data is currently located in various companies' systems. The data can only be retrieved with appropriate rights to the data. To be able to ensure the safe distribution of the data all the customers in the datahub must be securely identified. Identifying the customer is done by using the identification code consumers and company code for companies.
Concentrating all essential electricity use information in one place, the datahub will speed up, simplify and improve the actions of all parties. Furthermore, the centralised solution provides all parties with equal, simultaneous access to the information.
Changing suppliers, moving to a new address, and other changes affecting the consumer's electricity contract form just one case in which information needs to be exchanged. For example, imbalance settlement relating to the distribution network will be conducted in the new system.
Datahub can also process and refine information saved in it. Smart, remotely read electricity meters are widely used in Finland, and a lot of information is generated for every metering point daily. This information, as well as any mobile applications introduced in the future, can enable all-new services for electricity consumers. For example, an app could be provided with which the consumer can monitor the electricity consumption figures of both the town home and holiday home, even if these two metering points were in different parts of the country. Preconditions for the new services to the customers is the reliable identification of the customer.
The datahub and smart systems also enable electricity consumers to participate in demand-side management. Demand-side management means balancing electricity production and consumption in such a manner that the use of electricity is automatically adjusted to the load of the grid. During load peaks, electrical appliances can be switched off and, correspondingly, excess production can be led to large building systems, for example.
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