Electricity market

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Smart grid SUMMER Solar panels Solar panels In summer, surplus electricity from small-scale power plants is sold to the electricity grid. In a smart grid, households and communities can be electricity producers. Wind power plant Electric cars Distributed electricity production requires a sophisticated network and information ow. With a smart network, price signals reach the consumer. WINTER Energy is produced year round from waste collected to a bioplant. In winter, electricity is purchased from the grid. In a smart grid, the consumer can choose when to buy the cheapest electricity. Consumers can take advantage of discounted electricity: for example, electricity is cheapest on Saturday between 4 and 6 p.m. That is when they would heat their ovens and recharge the batteries in their electric cars. Electric car batteries would be recharged when electricity is cheapest. When the price of electricity is higher, the car's battery can be used to power the owner's electric appliances in the home. equipment and software are participating in the development of smart grids. Development work is being carried out through several joint projects spanning multiple sectors. In Sweden, Fortum is building a smart grid in Norra Djurgårdsstaden with ABB, KTH Royal Institute of Technology and the City of Stockholm. In Finland, Fortum is participating in e.g. the CLEEN project Smart Grids and Energy Markets (SGEM). CLEEN is a Strategic Centre for Science, Technology and Innovation and its other members include e.g. ABB and Helsingin Energia. Another motive for power companies to engage in development, besides the energy efficiency and cost-savings, is the new business opportunities. ”Significant new business is created around smart grids, distributed production and energy efficiency. We must identify the opportunities in which we have strengths. In addition to large-scale production, a major actor could also play the role of integrator of the totality; this role is essential in distributed production,” Lundström envisions. Fortum forAgendA 19

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