POST Online Media Lite Edition



 

Finns should be prepared for power outages this winter, grid operator warns

Christian Fernsby |
Fingrid has updated its estimate of the adequacy of electricity in the coming winter based on changes in the Energy Authority’s peak load reserve decision and the power balance in Southern Sweden.

Article continues below




"The situation is largely unchanged in other regards, as war continues to rage on European soil and the energy market remains in an extraordinary state, causing uncertainties around the availability of electricity," Fingrid said.

"As a result of these great uncertainties, people in Finland should be prepared for power outages caused by possible electricity shortages this coming winter.

"The power balance in Finland is the same in this updated assessment as it was in Fingrid’s first estimate, which was published on 22 August 2022. The Energy Authority decided to discontinue the procurement of strategic reserve, which was earlier estimated to offer a capacity of 600 megawatts.

"However, the available domestic supply on market terms is expected to increase correspondingly – by approximately 600 megawatts – as some of the power plants that were included in the previous peak load reserve season will now be put on the market. For example, Fortum has taken steps to prepare the Meri-Pori power plant for commercial operation.

"One significant factor affecting the adequacy of electricity is the availability of imported electricity, as Finland has imported substantial amounts of electricity from Sweden and Estonia during times of peak consumption.

"The availability of imports from Southern Sweden was impacted by the announcement of a delay in the maintenance of the Ringhals 4 nuclear power plant, keeping it offline until the end of January. Consequently, the Swedish transmission system operator, Svenska kraftnät, has warned of an elevated risk of power cuts in Southern Sweden.

"In peak consumption situations, the normal operation of the electricity market and demand-side management when prices are high help the system operation. Simultaneous disturbances at significant electricity generation facilities or in electricity transmission connections can pose challenges to the adequacy of electricity.

"A severe frost period, which simultaneously affects Finland and other countries in the Baltic Sea region, causes a particularly challenging situation. In such cases, electricity consumption is high, and the availability of electricity imports can be jeopardised.

"Every electricity consumer in Finland can affect the amount of electricity that is needed. Finland is most dependent on imported electricity during consumption peaks – typically on weekday mornings and early evenings.

"If we reduce our electricity consumption during the expensive peak hours and consume electricity at night instead, we can reduce the need for imported electricity, thereby decreasing the risk of an electricity shortage.

"For example, a five-per-cent decrease in peak consumption would translate to approximately 700 megawatts.

"Fingrid will update its estimate of the adequacy of electricity for the coming winter as the situational picture changes," the Finnish national electricity transmission grid operator said.


What to read next

Battery and energy efficiency businesses bring in $2.8 billion in funding
High-voltage direct current links connecting Finland to Sweden and Estonia reliable, scarcity expected in reserves
Nigeria ramps up disbursement of CBN's $336.9 million solar intervention fund

Dispatch, Eneco collaborate on groundbreaking battery energy storage system for renewable energy in Netherlands

 
In a pioneering move towards grid stabilization and renewable energy optimization, Dutch battery developer Dispatch is set to build the Netherlands’ largest standalone Battery Energy Storage System (BESS) in Dordrecht’s port area.
 
 

Latest

Alstom to revolutionize Bengaluru Metro with advanced CBTC signalling system
With record revenue of $996 billion airlines earn just $6.14 per passenger
Venezuela enters WTO Trade Facilitation Agreement
Cottbuser Ostsee to host Germany’s largest floating solar power plant by EPH Power Europe

NEWS

Malawi's vice president killed in plane crash to be buried Friday

Heat continues in southwest U.S.; severe thunderstorms in Central Plains
Passenger train hits freight train in Czech Republic, 4 killed, 27 injured
Rhine in south Germany reopened for cargo shipping
Active pattern for center of U.S.; increasing rainfall threat for Pacific Northwest
Greece finds 109 kg of cocaine in ship container with frozen squid
 

BUSINESS

Czech railway safety and capacity strengthened with EIB loan of €527 million

U.S. oil and gas rig count falls to 594
UN's Guterres: Advertising from fossil fuel companies must be banned
U.S. drillers cut oil and gas rigs
EIB signs €75.5 million deal to revamp Montenegro’s railways
U.S. drillers cut oil and gas rigs to 600
 

Trending Now

Colombia to suspend coal exports to Israel

EU tariffs on Chinese EVs opposed across Europe

Fannie Mae names John Sites to Board of Directors

AirTran Holdings, Inc., promoted Bob Fornaro to CEO


POLITICS

Colombia to suspend coal exports to Israel

EU tariffs on Chinese EVs opposed across Europe
Ontario supports laid off auto workers in Windsor and Chatham
Poland building fortifications on its eastern border
Bulgaria set to start construction of Vertical Gas Corridor
Argentine president Milei says to lay off another 50,000 civil servants to reduce spending
 

Today We Recommend

With record revenue of $996 billion airlines earn just $6.14 per passenger


Highlights 

Czech railway safety and capacity strengthened with EIB loan of €527 million

Colombia to suspend coal exports to Israel

Deutsche Aircraft starts final assembly line construction, will create up to 350 jobs


COMPANIES

Deutsche Aircraft starts final assembly line construction, will create up to 350 jobs

MSC launches Britannia: New standalone loop connecting Asia to North Europe
HDF Energy inaugurates world's first high-power hydrogen fuel cell factory in Blanquefort, France
Epiphone legendary bluegrass instruments are back, Gibson annouces Jason Isbell Red Eye 1959 Les Paul Standard
North Carolina: Amrep Manufacturing Company adding 170 new jobs in Rowan County
Saudi Arabia to sell 0.64 pct Aramco stake worth over $10b
 

CAREERS

Comviva announces key executive appointments in Europe and North America

Ocean Outdoor announces group CEO succession plan
Rajesh Chandiramani takes over as Comviva CEO
Azentio appoints Rahul Arora as new chief sales officer
Orion Innovation names Kelly Ercolino SVP of marketing
CLG appoints Yves Ollivier as managing director in Pointe Noire Congo
 

ECONOMY

Eurozone reports modest Q1 GDP growth, stable annual inflation

Italy sees faster economic growth in Q1
Slovenia's economy expected to grow 0.9 pct in Q1
Italy faces deficit infringement procedure
Real GDP increased in all 50 U.S. states
Inflation continues to decline in Germany
 

EARNINGS

Limoneira Q2 revenue $44.6 million

Lululemon athletica Q1 revenue increased 10% to $2.2 billion
PVH Q1 GAAP EBIT $205 million
Dollar General Q1 operating profit decreased 26.3%
Guess Q1 revenue increased by 7%
Macy's Q1 diluted earnings per share $0.22
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

Hong Kong suspends import of poultry meat and products from Sioux County, Iowa

Hong Kong suspends import of poultry meat and products from areas in India, U.S. and Korea
UK declares freedom from bird flu
Belgium second EU country to authorise bluetongue vaccine
UK government unveils major package of farming and food sector support
Governor Desantis signs legislation to keep lab-grown meat out of Florida
 

LEADERSHIP

Study finds workers misjudge wage markets

Some organizations may need to expand their hierarchical structures earlier than others
Study finds there's right way and wrong way to deliver negative feedback in workplace
Allyship is critical and its needs appreciation
Generating 'buzz' about new products can influence their success
Hiring 'problem directors' can knock up to 64% off firm's value
 

CRIME

EU Commission fines Mondelēz €337.5 million for cross-border trade restrictions

HSBC pays penalties for alleged breaches of Consumer Data Right rules
Sanofi to settle thousands of Zantac cancer lawsuits
Former asset manager and board member of Geneva private bank referred to Swiss Federal Criminal Court
South Africa: SAP ordered to pay SIU $26m over 'invalid' Eskom contracts
Former Steinhoff director appears in court for $1.1b fraud, racketeering
 

Magazine

TRAVEL

Morocco’s first Radisson branded hotel opens in Casablanca

Buna channels, an unreal and beautiful part of Bosnia and Herzegovina
JW Marriott unveils Mindful Haven with opening of JW Marriott Hotel Nairobi
Sotheby's Sports Week returns with fantastic artifacts
Red Roof properties open in Michigan
Treyam, your premier lagoon destination in Saudi Arabia
 

SEA, LAND, AIR

2025 Chevrolet Equinox stands apart with fresh looks and capability

Hill Helicopters HX50, luxury in the sky
Opel Movano becomes fully equipped camper van
Porsche Panamera, new hybrid variants
Dodge Charger, 670 horsepower of electric
Pagani Huayra R Evo, 900 hp from 770 Nm
 

DESIGN

Cold night, hot fire pit, cool entertainment

Embellish your home with PVC panels
You'll have to hurry if you want one of 20 new Louis Vuitton watches
Luxury duvet looks good, fells good and keeps you healthy
Vacheron Constantin, watches for life and more
Schüller kitchens, where functionality marries design
 

GADGETS

reMarkable 2, monochrome tablet for your thoughts and your eyes

OnePlus Ace 3V, first with Snapdragon 7 Plus Gen 3
ASUS Zenfone 11 Ultra, flagship with a reason
Samsung Galaxy S24 is photography powerhouse
Casette tapes are making a big comeback, and so are portable players
Neumann TLM 103, standard microphone for both voice and music
 

HEALTH

UK: People with HIV can now donate eggs or sperm to start family

EU health watchdog urges vaccinations to stem surge in Whooping Cough cases
Brazil resumes insulin production after two decades
India launches first home-grown gene therapy for cancer
UK scientists win funding for 'cancer detecting' Lollipops
State to cover rare disease treatment costs in Bulgaria
 

MEANTIME

Potentially habitable 'exo-Venus' with Earth-like temperature discovered

Rare species of wild bees discovered in Berlin
SLAC completes construction of largest digital camera ever built for astronomy
Solar eclipse next week in U.S., Mexico and Canada
Gravitational waves may have made human life possible
Astronomers unveil strong magnetic fields spiraling at the edge of Milky Way's central black hole