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    Capacity adequacy in the Nordic electricity market

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    Author(s)
    Nordic Council of Ministers,
    Language
    English
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    Abstract
    An increasing share of intermittent renewable generation and reduced profitability of conventional power generation has led to a growing concern for capacity adequacy in the Nordic electricity market (Nord Pool market area). It does not make sense to assess capacity adequacy for each country separately in the Nord Pool market area as it is highly integrated in terms of both interconnector capacity and market integration. Capacity challenges are rarely isolated to one country or bidding zone. This report analyses what market solutions may be used to manage capacity adequacy in the Nord Pool market area, and how an efficient transition to adequate market solutions could be achieved. The main analysis reveals several measures that would strengthen price formation and cost recovery in the Nord Pool market area, although in general, the market is already highly liquid and well-functioning.
    URI
    http://library.oapen.org/handle/20.500.12657/32905
    Keywords
    energy; climate; Demand response; Euro; Finland; Generation gap; Kilowatt hour; Load profile; Nordic countries; Norway; Sweden; Watt
    DOI
    10.6027/TN2015-560
    ISBN
    9789289342858
    OCN
    994534310
    Publisher
    Nordic Council of Ministers
    Publication date and place
    2015
    Series
    TemaNord,
    Classification
    Climate change
    Pages
    143
    Public remark
    Relevant Wikipedia pages: Demand response - https://en.wikipedia.org/wiki/Demand_response; Euro - https://en.wikipedia.org/wiki/Euro; Finland - https://en.wikipedia.org/wiki/Finland; Generation gap - https://en.wikipedia.org/wiki/Generation_gap; Kilowatt hour - https://en.wikipedia.org/wiki/Kilowatt_hour; Load profile - https://en.wikipedia.org/wiki/Load_profile; Nordic countries - https://en.wikipedia.org/wiki/Nordic_countries; Norway - https://en.wikipedia.org/wiki/Norway; Sweden - https://en.wikipedia.org/wiki/Sweden; Watt - https://en.wikipedia.org/wiki/Watt
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    All rights reserved
    • Imported or submitted locally

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    • If not noted otherwise all contents are available under Attribution 4.0 International (CC BY 4.0)

    Credits

    • logo EU
    • This project received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 683680, 810640, 871069 and 964352.

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