Investor Presentaiton
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Fingrid is responsible for the imbalance power
settlement after delivery
Each party operating in the electricity market
is financially responsible for an hourly power
balance between its electricity production
and consumption
Fingrid acts as an open supplier, which
balances the power balances of these
parties after the actual power production and
consumption has taken place
A service company eSett is responsible for
the financial settlement of imbalances on
behalf of Fingrid
.
eSett is equally owned by TSOs in Finland,
Establishment of eSett -
a joint service company
eSett Oy, the joint company of the three Nordic Transmission
System Operators (TSOs) Fingrid, Statnett and Svenska kraftnät
launched a joint Nordic Balance Settlement service on the first of
May 2017. The new company has the objective of providing
balance settlement services to participants of electricity markets in
Finland, Norway and Sweden...
...The company aims to lower the entry barriers for the market
parties in Finland, Norway and Sweden through equal and shared
settlement rules. This will increase competition in the electricity
markets in these countries, reduce long-term costs for the market
parties and pave the way for the establishment of a Nordic
end-user market.
Source: www.fingrid.fi
Sweden and Norway
Imbalance settlement in Finland, Sweden and Norway has been performed by eSett since 1st May 2017
Fingrid Debt Investor Presentation 30.9.2018
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