Fingrid will lower the balance service fees for balance responsible parties from 1 May 2023

As of 1 May 2023, the volume fee for production and consumption for BRPs in Finland will decrease to EUR 1,2/MWh. The current fee is EUR 1,7/MWh, which means that the decrease is approximately 30 per cent. Other balance service fees will remain unchanged.

The reason for this is a drop in the costs of power system reserves, brought about by the calming of the exceptional market situation and the expansion of the automatic frequency restoration reserve market in the Nordic countries. More detailed information can be found on Fingrid’s web page.

Appendix 1 of the Imbalance Settlement agreement has therefore been updated accordingly.