Balancing Costs for Sweden and Finland added to our PPA Evaluation Tool

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In recent months, the Nordic region has undergone fundamental shifts in imbalance price trends. Historically, Finland has exhibited greater volatility, whereas Sweden has maintained a more stable profile. However, the most recent quarter marks a departure from this trend, with Sweden recording its highest volatility ever observed. In extreme cases, imbalance prices reached €10,000/MWh

What’s driving it?

🔹The Nordics’  shift  to 15-minute settlement periods has improved real-time market accuracy, but many BRPs are still adapting their operations and forecasting, leading to more short-term imbalances.
🔹 A major structural change in the Nordic balancing market has compounded the issue: the recent automation of mFRR activation. The updated balancing algorithm now optimises activations strictly based on system conditions, without accounting for price spikes or volatility, an area where human operators previously exercised discretion. Many market participants view this shift as a key driver of the recent extreme price surges.

The result? Greater financial exposure for market participants and new risks that are harder to predict and manage.

That’s why we’ve integrated balancing costs for Sweden and Finland into the Synertics PPA Evaluation Tool, helping you quantify and de-risk your project in this new market reality.