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POWER: Fingrid to Raise Balance Service Fees From 1 Jan 2025

POWER

Fingrid will increase balance service fees from 1 Jan 2025, due to rising power system management costs, including the need for more reserve capacity, with the volume fee for production and consumption rising to €1.73/MWh, Fingrid said.

  • This is up from €1.33/MWh currently implemented.
  • Changes in the electricity market, reserve prices, and the energy transition are leading to unpredictable fluctuations in costs related to balance services, Fingrid noted.




     

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Fingrid will increase balance service fees from 1 Jan 2025, due to rising power system management costs, including the need for more reserve capacity, with the volume fee for production and consumption rising to €1.73/MWh, Fingrid said.

  • This is up from €1.33/MWh currently implemented.
  • Changes in the electricity market, reserve prices, and the energy transition are leading to unpredictable fluctuations in costs related to balance services, Fingrid noted.