  During summer 2018, the Nordic system's kinetic energy dropped below a
critical level. As a consequence, Svenska kraftn\"{a}t, the Swedish
transmission system operator (TSO), requested the largest production unit to
reduce its power output to guarantee system's security. This action resulted in
a deviation from the generation dispatch determined by the market and in high
costs for the Nordic TSOs. In this regard, this paper presents a tool for
comparing mitigation strategies from an economic point of view and evaluates
potential economic benefits of utilizing the Emergency Power Control (EPC)
functionality of HVDC lines for the provision of fast reserves as a compliment
to Frequency Containment Reserves (FCR). Moreover, the analysis is extended to
the years 2020 and 2025 using inertia estimations from the Nordic TSOs. The
findings of the paper suggest that the frequency of redispatching actions will
increase in the future and that the cost of security for Nordic TSOs could be
reduced by 70\% if HVDC links are used for frequency support.
