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Fingrid Current: Future, Baltic Sea region. Jukka Ruusunen

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Future, Baltic Sea region.

Presentation by Jukka Ruusunen, CEO of Fingrid Oyj

In Fingrid Current 10.3. 2020.

In English.

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Fingrid Current: Future, Baltic Sea region. Jukka Ruusunen

  1. 1. Future? Jukka Ruusunen, President and CEO, Fingrid Oyj @RuusunenJukka
  2. 2. Success story Norway 1993 Sweden 1996 Finland 1998 Denmark 1999 (Western) and 2000 (Eastern) Germany Kontek 2000 (explicit) and 2005 (implicit), all of Germany 2009 Estonia and Poland 2010 Lithuania 2012 Latvia 2013 Third energy package 2009 ‘Clean energy for all Europeans’ package 2019
  3. 3. The clean energy future needs a lot of zero-emission + secure + reasonably priced electricity.
  4. 4. Zero-emission generation portfolio There is enough zero-emission electric energy, but scarcity of • capacity • flexibility • inertia IMAGE SOURCE: KEMIJOKI OY IMAGE SOURCE: FORTUM IMAGE SOURCE: HELEN OY Reasonably priced? • Functioning markets will find the most efficient solutions → Secure electricity?
  5. 5. If we do not succeed – big brother will intervene Peak capacity  Restrictions on citizens' electricity consumption during demand peaks Flexibility  Restrictions to power plants and electricity users - continuously Inertia  Restrictions on the operation of big power plants and cross-border connections !
  6. 6. No country can move into the new future alone • We are more and more dependent on each other • In the future, we have to be able to work together more closely The clean energy future needs a lot of zero-emission + secure + reasonably priced electricity.
  7. 7. Case study: Nordic countries Towards zero emissions • Regional capacity deficit • Flexibility from hydro power, but the increase in wind power is terrific • Inertia problem: an innovative solution via a new reserve Markets work efficiently – transmission capacity occasionally restricts the movement of electricity Generation capacity 68.000 MW Peak demand 72.900 MW Deficit 4.900 MW Wind power capacity 35,000 MW by 2023
  8. 8. Strong grid Platform for a functioning market Market mechanism that efficiently steers production, demand and utilisation of transmission capacity +
  9. 9. Stronger connections to Central Europe – transmission connections reinforced → New mindset ”Baltic Sea region vs. Europe” Transmission grids In use Under construction / decided Under consideration / planned
  10. 10. Common market mechanism: we are part of integrating Europe Day-ahead markets Intraday markets Balancing markets Member Observer 2014 2018 2022
  11. 11. Transmission system operators will continue to play a key role • We invest to maintain adequate transmission capacity • We help the markets: • By offering the markets as much transmission capacity as possible • By developing the markets under the EU framework • By delivering information to market players Platform for a functioning market + Market mechanism that efficiently steers production, demand and utilisation of transmission capacity Strong grid
  12. 12. How will we go on? Will Europe stay unified? Centrally controlled electricity system EU? Markets Baltic Sea region: • Positive attitude to markets • Close regional cooperation • Free movement of electricity as a goal
  13. 13. Vision for the Baltic Sea region towards the 2020s • Closer cooperation as part of the European "Green Deal" • Best implementation of regional markets in the European Union • World's best regional retail markets supported by integrated datahubs • Sector integration based on the strengths of the region: power to heat, mobility – then power to gas • From innovations to practical implementations We stand up for markets and innovations in the European Union
  14. 14. Fingrid Oyj Läkkisepäntie 21 FI-00620 Helsinki P.O.Box 530 FI-00101 Helsinki, Finland Tel. +358 30 395 5000 Fax. +358 30 395 5196 Markets Efficiency  Security of supply Physics

Future, Baltic Sea region. Presentation by Jukka Ruusunen, CEO of Fingrid Oyj In Fingrid Current 10.3. 2020. In English.

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