Utilities Consulting as the Expert Partner in Fingrid’s Data Analysis Project

At the end of 2024, Fingrid launched a data analysis project aimed at increasing understanding to support future decision-making.

The project utilized the company's collected operational data to create a comprehensive view of selected development directions.

The goal was to form an in-depth understanding of historical developments and the impact of changes under various scenarios.

Fingrid selected Utilities Consulting as its data analysis partner.

A Fingrid employee in the field by a power line in a summer forest (photo: Fingrid)

Project Execution

The project started based on a target list prepared by Fingrid.

The objectives were refined in collaboration and divided into appropriate subcomponents.

After defining the goals, the necessary data was collected, and the actual analysis began within the agreed areas.

The data analysis began with identifying trends in the data and evaluating the effects of different changes.

The analysis laid the groundwork for scenario-based work.

By examining jointly defined scenarios, it was possible to assess the impacts of different changes in the future and to identify the most significant among them.

Outcome and Benefits

The analysis enabled reliable comparison of different scenarios and evaluation of their impacts.

Clear data visualizations and forecasting models now support decision-making and help share insights within the company.

Utilities Consulting’s expertise enabled the fast and efficient execution of the project, allowing Fingrid to make data-driven choices.

Fingrid – Finland’s Transmission System Operator

Fingrid is Finland’s national transmission system operator, responsible for electricity transmission and the functioning of the power system across the country.

The company ensures the balance between electricity production and consumption and develops and maintains the nationwide grid.

Fingrid promotes the efficient operation of electricity markets and shares information about the power system openly with various societal stakeholders.

Sustainability and responsible development guide Fingrid’s operations, and the company invests in clean energy and renewable production methods.

Fingrid’s operations are based on expertise, collaboration, and transparency.