Impacts of extremely high and low electricity prices on low-voltage networks in rural areas of Finland
Two exceptional events occurred during the winter 2023—2024. In November 2023, the electricity spot price decreased to -500 €/MWh in the Finnish bidding area. In January 2024, the electricity spot price rose almost to 1900 €/MWh. These extreme price events caused incentives for customers with spot-price-based electricity contracts to react. The impacts of this price-driven electricity usage on the low-voltage (LV) networks of a rural area in Finland are studied by using real hourly AMR meter data obtained from a Finnish electricity retail operator.
Authors
- Jouni Haapaniemi (ORCID: https://orcid.org/0000-0003-2204-6459)
- Juha Haakana (ORCID: https://orcid.org/0000-0001-7658-3335)
- Jukka Lassila (ORCID: https://orcid.org/0000-0002-6786-8563)
- Akseli Lamminpää
Institutions
- Lappeenranta-Lahti University of Technology (FI)
Publication Details
- Journal
- IET conference proceedings.
- Published
- 2025-10-14
- DOI
- https://doi.org/10.1049/icp.2025.2060
- Primary Topic
- Integrated Energy Systems Optimization
- Type
- article
- Field-Weighted Citation Impact
- 0.00