Fingrid to increase balance service fees of balance responsible parties from 1 March 2020

Fingrid will increase the balance service fees of balance responsible parties from 1 March 2020. The increase is due to rises in the reserve costs and in the imbalance costs that are both covered by the balance service fees.

The fees for actual production and consumption will change from 1 March 2020. The consumption fee increases from EUR 0.22/MWh to EUR 0.27/MWh and the production fee increases from EUR 0.14MWh to EUR 0.17/MWh. The average increase is 22%. Other balance service fees will remain unchanged.

The list of updated fees can be found on eSett’s website https://www.esett.com/materials/imbalance-settlement-agreement/

You can read the whole fee update on Fingrid’s website