Datacentres in the Finnish electricity market

The Finnish electricity market provides an excellent environment for data centre investments. The country's average low electricity prices compared to the rest of Europe, reliable electrical grid, opportunities for utilising waste heat, occasionally negative spot prices and the opportunity to participate in the electricity reserve market improve the return on investment.

Why finnish electricity market?

The Finnish electricity system is mainly based on clean, fossil-free production. Already 95% of Finland's electricity production is clean and emission-free energy production.

The price volatility of electricity market prices in the Finnish market is high, which makes it possible, above all, to take advantage of low spot prices in a situation where energy production is fairly high relative to electricity consumption. This is mainly due to the situation caused by renewable, weather-dependent forms of production, where weather-dependent production is widely available in relation to consumption.

During 2024, electricity spot prices realised approximately 10% of the hours as negative, when the cost of electricity consisted only of the costs of electricity transmission and electricity tax.

Utilising waste heat from data centres is important from a climate, social sustainability, and cost perspective. The electricity tax of an energy-efficient data centre is nearly 98% lower when waste heat is recovered.

By optimising energy use and providing capacity in the electricity reserve market, the Finnish transmission system operator Fingrid Oyj will pay compensation to your company for flexibility and timing of consumption.

Flexibility can be very valuable regardless of whether it is short term, long term, frequent, infrequent, fast or slow.
Even the readiness to be flexible in extreme situations can enable significant returns.

In the event a company has 1 MW of flexibility and can be ready for flexibility every hour of the year, it can earn up to 100 000 euros per year with the Optimization Service.

Utilising all the times when it is profitable for the data centre to be running
Restricting power consumption in the data centre when the price is too high
Providing flexibility for the reserve market

It is possible to achieve additional returns from the capacity market nearly every hour by being prepared to be flexible.

Flexibility activations can be implemented so that each activation generates additional margin.
Maximising profitable data centre operating hours with multi-market optimisation

The optimisation service provides with opportunities for mission-critical data centres with limited or no power flexibility as well. For these, it is possible to utilise, for example, UPS or other possible reserve power systems to achieve additional profits in the reserve market.

The optimisation service allows to improve the profitability of the data centre by achieving cost savings and additional profits. At the same time, you stabilise the operation of the Nordic electricity system, help keep the lights on even in different fault situations, and reduce carbon dioxide emissions. Emissions are reduced when consumption peaks are cut, which typically requires fossil energy sources

Datacentres in the Finnish electricity market

Why finnish electricity market?

What is the Finnish reserve market system and why should a data centre be involved?

Improve the return on your data centre investment by maximising the benefits of negative and low spot prices

Utilising all the times when it is profitable for the data centre to be running

Restricting power consumption in the data centre when the price is too high

Providing flexibility for the reserve market

Maximising profitable data centre operating hours with multi-market optimisation

Are you interested in accessing the electricity reserve market? Contact us by submitting the form.

Lumme Energia

Customer service