Partnering with CGI, Fingrid Datahub Oy successfully went live with Datahub, Finland's new centralized information exchange system for the retail electricity market, on February 21, 2022. It represents a major step in Finland's journey toward a smarter, cleaner and more flexible energy system. Centralizing approximately 3.8 million energy data points on a single platform accelerates the speed of information exchange.

Datahub, powered by CGI's Central Market Solutions (CMS), provides a foundation for smart grids and smart meters, as well as new services for energy efficiency monitoring, electric vehicle charging, demand-side energy management, and distributed electricity generation. It makes it easier for new retailers and suppliers to enter the market and enhances the customer experience by providing greater visibility, allowing customers to compare services and change suppliers efficiently. Datahub enables real-time and secure information exchange among all participants, and benefits from CGI's experience in delivering 14 market systems across 10 countries.

Meter data management and settlement functions are provided by CGI's partner KX to deliver real-time analytics and data management. Fingrid and CGI worked seamlessly as a team, along with retail electricity market parties in Finland, to build Datahub. Approximately 80 electricity retailers and 80 distribution system operators will be supported.

CGI and Fingrid will continue to develop Datahub to meet evolving needs. Datahub will eventually enable the formation of energy-sharing communities, as well as the introduction in 2023 of a 15-minute imbalance settlement period. Finland and all of Europe will move to this shorter period to allow the price of electricity to be valued more accurately to promote new technology investment and increase sustainability.