Efficient Electricity markets support operational security. RSC Conference 2019, Copenhagen, Denmark, October 8th, 2019.

1. Efficient markets
support operational
security
Jukka Ruusunen
President and CEO, Fingrid Oyj
@RuusunenJukka
RSC Conference 2019, Crowne Plaza Copenhagen
Towers, Copenhagen, Denmark, October 8th, 2019

2. "Platform"
October 8th, 2019Jukka Ruusunen
Hardware: grid Software: market
Day-ahead
Intraday
Balancing, reserves+
• Basis for system security
and functioning markets!
• Enables larger markets &
better competition
• Match with physics:
generation, consumption, grid
• Allow to work cross-border

3. t:
generation(t)
=
demand(t)
October 8th, 2019Jukka Ruusunen

4. The "invisible hand" of the market
October 8th, 2019Jukka Ruusunen
Balancing of
supply and
demand
Investments and
innovations


Efficient use of
transmission
capacity

Best friend of the
control room!

5. ... and decentralizedLarger markets...
The same
invisible hand!
October 8th, 2019Jukka Ruusunen

6. The same market runs flexibility at "system level"!
October 8th, 2019Jukka Ruusunen

7. Market players provide the resources for
balancing!
October 8th, 2019Jukka Ruusunen
Market players need:
• access
• transparency
• consistency
Generation – demand - storage

8. Role of TSO's: balance between security and
efficient markets
• Develop and maintain adequate and reliable transmission
capacity
• Allow the market to use the available transmission capacity –
taking into account security limits
• Do final balancing of supply and demand using "real time
markets" – and more automatic reserves
• Develop market rules to make markets more efficient
• Increase transparency
October 8th, 2019Jukka Ruusunen

9. RSC's help us to support efficient markets...
October 8th, 2019Jukka Ruusunen
... by bringing the regional view to
• transmission capacity calculation
• security analyses
• outage coordination
Markets
appreciate!

10. Efficient markets support operational security
• By offering
• resources for balancing and secure operation
• the most efficient way of balancing supply and demand – also utilizing
decentralized resources
• the most efficient way of using the transmission capacity - offered by the TSO's
with the help of the RSC's
• RSC's must recognize their central role as market facilitators
• Operations and markets converge: rules for markets and operations
must be planned together as one process – break the silos!
October 8th, 2019Jukka Ruusunen

11. Fingrid Oyj
Läkkisepäntie 21
00620 Helsinki
PL 530, 00101 Helsinki
Puh. 030 395 5000
Fax. 030 395 5196
Thank you!
See Fingrid market video at
https://www.youtube.com/watch?v=dNU8p71p020
Physics Market
Efficiency!
Security!