Finland's OL3 nuclear reactor joins 'down-regulation' power market
COPENHAGEN, Aug 30 (Reuters) -Finland's Olkiluoto 3 nuclear power reactor will take part in the Nordic country's so-called down-regulation market as of Sept. 1, which means it may at times reduce output, operator Teollisuuden Voima Oyj (TVO) said in a statement on Friday.
The reserve market is used to balance the electricity system in case of temporary overproduction of electricity.
"The electricity system in Finland faces on an increasingly frequent basis a situation where more down-regulating production capacity is needed because there is too much production compared with consumption," TVO said.
"This solution will enable OL3 to support the electricity system better than before," it added.
The share of the plant's capacity participating in the down-regulation market is small as a portion of OL3's overall output, TVO said.
The company did not immediately respond to a request for additional information.
Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik
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