Peak price hours in the Nordic power market winter 2009/2010: effects of pricing, demand elasticity and transmission capacities

dc.contributor.author	Gribkovskaia, Victoria
dc.date.accessioned	2015-02-13T11:18:57Z
dc.date.available	2015-02-13T11:18:57Z
dc.date.issued	2015-02-13
dc.identifier.issn	1500-4066
dc.identifier.uri	http://hdl.handle.net/11250/276261
dc.description.abstract	The Nordic electricity market experienced extremely high prices during the winter 2009/2010. Using real data from the peak price hours the zonal solution from the Nordic market is replicated and compared to the nodal price solution when the central grid and its physical characteristics are explicitly modelled. Demand elasticity is introduced to the bid curves and its effect on prices and network utilisation is studied for the nodal solution. The sensitivity of the zonal solution to the changes in aggregate transfer capacities is investigated. The results demonstrate that better system utilisation is possible without capacity expansion. Nodal pricing solutions compared to the actual zonal pricing mechanism give insights into how the system functions in strained capacity situations and what hinders a more efficient system utilisation.	nb_NO
dc.language.iso	eng	nb_NO
dc.publisher	FOR	nb_NO
dc.relation.ispartofseries	Discussion paper;09/15
dc.title	Peak price hours in the Nordic power market winter 2009/2010: effects of pricing, demand elasticity and transmission capacities	nb_NO
dc.type	Working paper	nb_NO