Women in Tech Breakfast Date in Fingrid. Energy transition and energy production. Energy disruption and electricity markets – how can well-functioning markets help in reaching climate goals.

1. Women in Tech Breakfast Da
Energy disruption and climate change
Fingrid
#womenintechFI
19.09.2019

2. Energy Disruption
and Climate Change
Fingrid - Women in Tech Breakfast 19.9.2019

3. 2.9.2019Fingridin strategia 20207

4. Energy transition
and energy
production
Women in Tech
19th of September, 2019
Maarit Uusitalo,
Manager, Strategic Grid Planning
Fingrid Oyj

5. • Climate change and global warming is
one of the greatest challenges today
• Paris climate agreement states the goal
to hold the increase of global
temperatures well below 2 °C above pre-
industrial levels and to pursue efforts to
limit the temperature increase to 1.5 °C.
• Both EU and Finland have set
themselves targets for reducing
greenhouse gas emissions progressively
up to 2050
• Decarbonising the energy system is part
of the solution
19.9.2019Women in Tech Breakfast at Fingrid Oyj10
Energy system fighting climate change

6. Electricity produced by coal diminishing in Finland
Etunimi Sukunimi11
Source Energy year 2018 –Electricity, Energiateollisuus
• Coal and other fossil-
fuelled plants are phased
down

7. The wind generation capacity in the Nordics will
at least double by 2030
Data: 2015-2018 actual built capacity and 2030 scenarios: WindEurope. Under construction 2019-2021: NVE, Svensk Vindenergi, Suomen Tuulivoimayhdistys, Energinet.dk
2015-2018
+1400 MW/year
Under construction
2019-2021:
+2900 MW/year
Basic scenario 2020-2030
+1300 MW/year
High growth scenario 2020-2030
+2300 MW/year
Gigawattia
19.9.2019Women in Tech Breakfast at Fingrid Oyj12

8. The variation in the weather dependent generation
is the new feature of the power system
Olkiluoto3(1600MW)
19.9.2019Women in Tech Breakfast at Fingrid Oyj13

9. Electricity production in Finland 2000-2017
19.9.2019Women in Tech Breakfast at Fingrid Oyj14
Source Tilastokeskus
Renewables
Wind power
Fossile fuels
Other
Hydro
Nuclear
Peat

10. Wind power projects:
North-south transmission
flows will increase
Women in Tech Breakfast at Fingrid Oyj
Surplus and imports in
the northern Finland
Deficit in the
southern Finland
19.9.201915

11. • New solutions are needed
• Grid Capacity
• Flexibility
• Market solutions
• Consumer participation
• Storage solutions
• Sector Coupling
• New Possibilities
• Innovative digitalization solutions
• Active consumer participation
• Technology development
16
Energy transition bring new challenges and
possibilities

12. Energy disruption and
electricity markets
Women in Tech
19th of September, 2019
Asta Sihvonen-Punkka, Executive Vice President, Markets
@AstaS_P

13. Limiting global climate warming to 1,5 degrees
requires strong measures to cut CO2 emissions
• Clean power system by 2040
• Reducing the emissions from
industry, transport and heating
through electrification increases
electricity consumption
 requires significant increase in
the production of carbon-neutral
electricity during the next 20-30
years
Picture: European Commission https://ec.europa.eu/clima/sites/clima/files/long_term_strategy_brochure_en.pdf
19th of September 2019Women In Tech20

14. • Appr. 150 TWh of the current total energy
consumption in Finland come from the fossil
fuels
• If the fossil fuels were replaced by
electrification the current electricity
consumption (ca. 87 TWh) could roughly
double as the energy efficiency will at the
same time improve.
• Alternatives to electrification: bioenergy,
geothermal energy, small-scale nuclear power,
carbon capture and storage
19th of September 2019Women In Tech21
Finland’s challenges

15. Electricity is part of the
solution!
Cleaning the generation of
electricity + electrification +
energy efficiency
Modern transmission and
distribution networks provide the
platform
Women In Tech 22

16. WE NEED FLEXIBILITY -
FROM SECONDS TO
SEASONS

17. 19th of September 2019Women In Tech24

18. Finland’s new Government
Programme paves the way
towards a clean, reliable and
cost-effective energy
system
Self-sufficiency, flexibility, sector coupling
• Onshore and offshore wind
• Nuclear power
• Electricity storage
• Smart grids
• Electricity taxation & sector coupling

19. Will there be enough flexibility?
Nuclear power: a lot of CO2 free electricity,
no regulating power
Domestic hydro power a unique energy
storage. Capacity ~2500 MW, electricity
storage ~5500 GWh
Interconnectors: imports potential of more
than 5000 MW
EVs and electric heating: Huge real-time capacity
potential (many thousands MW), but limited
energy storage capacity (some dozens of GWh)
Women In Tech 19th of September 201926

20. Large and integrated European markets provide
flexibility
Day-ahead market Intraday market Balancing markets
19th of September 2019Women In Tech27
2014 2018 2022

21. Demand side offers opportunities for
flexibility
19.9.2019Etunimi Sukunimi28

22. Demand response
15-minute markets
European and
regional balancing
markets
19th of September 2019Women In Tech29
Market design to be updated

23. Fingrid Oyj
Läkkisepäntie 21
00620 Helsinki
PL 530, 00101 Helsinki
Puh. 030 395 5000
Fax. 030 395 5196
Thank you!