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dc.contributor.advisorBjørndal, Endre
dc.contributor.advisorBjørndal, Mette Helene
dc.contributor.authorBrose, Eirik Braaten
dc.contributor.authorHaugsbø, Andreas Sandal
dc.date.accessioned2020-02-28T11:37:08Z
dc.date.available2020-02-28T11:37:08Z
dc.date.issued2019
dc.identifier.urihttps://hdl.handle.net/11250/2644348
dc.description.abstractThe aim of this thesis is to study the effect of the introduction of flow-based market coupling in the Nordic power market, with specific focus on the impact on power generators in the NO5 price area. The analysis is conducted using an optimization model of the Nordic synchronous area. In the model, flow-based market coupling is implemented based on the preliminary simulations and regulations by relevant authorities. The discussion is supported by relevant literature and theory on the topic, evaluating the currently chosen implementation strategies. This thesis argues that generators in NO5 are expected to benefit from higher prices and more export opportunities after the introduction of flow-based market coupling. However, the net impact is more unclear. If the methodology is implemented without ensuring sufficient transparency in its design parameters, the uncertainty for generators increases. Furthermore, this thesis finds that generators will be important in the transition process. The determination and calculation of design parameters will largely impact the efficiency of the flow-based model, and successful implementation depends on the contribution of generators. However, the parameters must be designed in a way that limits opportunistic behaviour of generators and other actors in the Nordic power market. Power regulators will have to play a crucial role on both a local and European level, facilitating transparency of processes and ensuring fair market conditions. Keywords – Flow-Based Market Coupling, Nordic Power Market, NO5, Transmission Network, Electricity Prices, Power Generators, Cross-Border Interconnectorsen_US
dc.language.isoengen_US
dc.subjectbusiness analysisen_US
dc.subjectperformance managementen_US
dc.subjectfinanceen_US
dc.titleFlow-based market coupling in the nordic power market : implications for power generators in NO5en_US
dc.typeMaster thesisen_US
dc.description.localcodenhhmasen_US


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