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Capacity Adequacy In The Nordic Electricity Market
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Author :Nordic Council of Ministers Publisher :Nordic Council of Ministers ISBN 13 :9289342870 Total Pages :143 pages Book Rating :4.2/5 (893 download)
Book Synopsis Capacity adequacy in the Nordic electricity market by : Nordic Council of Ministers
Download or read book Capacity adequacy in the Nordic electricity market written by Nordic Council of Ministers and published by Nordic Council of Ministers. This book was released on 2015-08-26 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Capacity Adequacy in the Nordic Electricity Market by :
Download or read book Capacity Adequacy in the Nordic Electricity Market written by and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Regional Electricity Market Design (Regional Electricity Market Design) by : Lindboe, Hans Henrik
Download or read book Regional Electricity Market Design (Regional Electricity Market Design) written by Lindboe, Hans Henrik and published by Nordic Council of Ministers. This book was released on 2016-10-24 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do current electricity market designs ensure a sufficient electricity supply at all times? This topic is currently the subject of intense debate across Europe, and several major countries such as Germany, the UK, France and Italy have decided that additional measures – so-called capacity remuneration mechanisms - are needed to supplement current market designs. This report describes and analyses the advantages and disadvantages of a range of measures proposed or currently implemented across Europe, and includes both best estimates of how the implementation of these measures will impact Nordic electricity prices as well as recommendations to the Nordic countries regarding a cost-efficient path to ensuring the Nordic security of supply.
Book Synopsis Demand side flexibility in the Nordic electricity market by : Nordic Council of Ministers
Download or read book Demand side flexibility in the Nordic electricity market written by Nordic Council of Ministers and published by Nordic Council of Ministers. This book was released on 2017-12-12 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The organisation for the Nordic energy regulators, NordREG, has ordered this study to explore status of demand side flexibility among Nordic distribution system operators (DSOs). Demand side response is a question of mobilising potential flexibility in how and when end users choose to use energy, and how such flexibility can provide value to the network. Network value can be reduced or deferred investments, better system reliability or other system cost reductions. This report addresses concepts for utilising demand response and related regulatory issues. The report also includes an interview study among selected DSOs in the Nordic countries. This addresses current status, how flexibility can be a value for their business, what they see as barriers and planned activities relating to demand response.
Book Synopsis Demand response in the Nordic electricity market by : THEMA Consulting Group
Download or read book Demand response in the Nordic electricity market written by THEMA Consulting Group and published by Nordic Council of Ministers. This book was released on 2014-09-10 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: The report provides input to a Nordic strategy on how to address consumer flexibility in a cost-efficient manner. The main recommendation is to focus on increased market efficiency in general and not promote specific measures on the demand side unless market failures are identified. Even so, it’s recommended that standard data formats on price signals to small consumers should be further assessed.
Book Synopsis Capacity for competition : investing for an efficient nordic electricity market by : Danemark. Erhvervsministeriet. Konkurrencestyrelsen
Download or read book Capacity for competition : investing for an efficient nordic electricity market written by Danemark. Erhvervsministeriet. Konkurrencestyrelsen and published by . This book was released on 2007 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Capacity Mechanisms in the EU Energy Markets by : Leigh Hancher
Download or read book Capacity Mechanisms in the EU Energy Markets written by Leigh Hancher and published by Oxford University Press. This book was released on 2022-10-13 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capacity remuneration mechanisms (or simply capacity mechanisms) have become a fact of life in member states' energy markets and are one of the hottest topics in the wider European regulatory debate. Concerned about the security of electricity supply, national governments are implementing subsidy schemes to encourage investment in conventional power generation capacity, alongside already heavily subsidized renewable energy sources. With the increasingly connected European electricity markets, the introduction of a capacity mechanism in one country not only tends to distort its national market but may also have unforeseeable consequences for neighbouring electricity markets. As these mechanisms are adopted by member states with limited supra-national coordination as well as consideration for the cross-border impact, they tend to cause serious market distortions and put the future of the European internal electricity market at risk. This second edition will take stock of how capacity mechanisms have actually worked so far and consider the consequences they have for the European internal electricity market. It will include a detailed overview of national capacity mechanisms, their implications for the EU internal market, and will outline the nature of market failures which are likely to occur in the European electricity markets. This edition is intended to serve as a point of reference for regulators and policy-makers on how to design optimal capacity mechanisms in Europe. It will be an invaluable resource for anyone interested in energy market design, regulation, and competition issues.
Book Synopsis Nordic Energy Co-operation by : Jorma Ollila
Download or read book Nordic Energy Co-operation written by Jorma Ollila and published by Nordic Council of Ministers. This book was released on 2017-06-22 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: On 27 October 2015, the Nordic Council of Ministers for Business, Energy and Regional Policy (MR-NER) decided to carry out a strategic review of Nordic co-operation on energy and how it could be developed over the next 5–10 years. The strategic review is part of the Nordic Council of Ministers’ reform project initiated by its Secretary General, Dagfinn Høybråten. Strategic reviews have previously been conducted on foreign and security policy, health and labour-market co-operation. The remit was to present 10–15 concrete proposals that would further enhance co-operation in areas in which significant positive outcomes have been achieved over the past two decades. The Paris Climate Change Conference of December 2015 and the EU’s goal of working towards a European Energy Union make this review particularly timely. It is also based on the Nordic countries’ own reviews of their national climate and energy policies. The geopolitical landscape is currently in a state of flux – global trade and climate policies are under pressure, and nationalist tendencies are emerging in many countries. This presents many challenges to Nordic energy co-operation, which has achieved ground-breaking results based on cross-border co-operation. Various studies have also shown that the Nordic Region has made similarly dramatic gains in terms of welfare. The time has come to assess how the Nordic countries can build on this success, despite adverse international trends. This review seeks to identify these challenges, present proposals for how the Nordic countries can move forward, and inspire further discussion and debate. On 27 October 2015, the Nordic Council of Ministers for Business, Energy and Regional Policy (MR-NER) decided to carry out a strategic review of Nordic co-operation on energy and how it could be developed over the next 5–10 years. The strategic review is part of the Nordic Council of Ministers’ reform project initiated by its Secretary General, Dagfinn Høybråten. Strategic reviews have previously been conducted on foreign and security policy, health and labour-market co-operation. The remit was to present 10–15 concrete proposals that would further enhance co-operation in areas in which significant positive outcomes have been achieved over the past two decades. The Paris Climate Change Conference of December 2015 and the EU’s goal of working towards a European Energy Union make this review particularly timely. It is also based on the Nordic countries’ own reviews of their national climate and energy policies. The geopolitical landscape is currently in a state of flux – global trade and climate policies are under pressure, and nationalist tendencies are emerging in many countries. This presents many challenges to Nordic energy co-operation, which has achieved ground-breaking results based on cross-border co-operation. Various studies have also shown that the Nordic Region has made similarly dramatic gains in terms of welfare. The time has come to assess how the Nordic countries can build on this success, despite adverse international trends. This review seeks to identify these challenges, present proposals for how the Nordic countries can move forward, and inspire further discussion and debate. On 27 October 2015, the Nordic Council of Ministers for Business, Energy and Regional Policy (MR-NER) decided to carry out a strategic review of Nordic co-operation on energy and how it could be developed over the next 5–10 years. The strategic review is part of the Nordic Council of Ministers’ reform project initiated by its Secretary General, Dagfinn Høybråten. Strategic reviews have previously been conducted on foreign and security policy, health and labour-market co-operation. The remit was to present 10–15 concrete proposals that would further enhance co-operation in areas in which significant positive outcomes have been achieved over the past two decades. The Paris Climate Change Conference of December 2015 and the EU’s goal of working towards a European Energy Union make this review particularly timely. It is also based on the Nordic countries’ own reviews of their national climate and energy policies. The geopolitical landscape is currently in a state of flux – global trade and climate policies are under pressure, and nationalist tendencies are emerging in many countries. This presents many challenges to Nordic energy co-operation, which has achieved ground-breaking results based on cross-border co-operation. Various studies have also shown that the Nordic Region has made similarly dramatic gains in terms of welfare. The time has come to assess how the Nordic countries can build on this success, despite adverse international trends. This review seeks to identify these challenges, present proposals for how the Nordic countries can move forward, and inspire further discussion and debate.
Book Synopsis Handbook on Electricity Markets by : Glachant, Jean-Michel
Download or read book Handbook on Electricity Markets written by Glachant, Jean-Michel and published by Edward Elgar Publishing. This book was released on 2021-11-12 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt: With twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published.
Book Synopsis Capacity Mechanisms in EU Energy Law by : Kaisa Huhta
Download or read book Capacity Mechanisms in EU Energy Law written by Kaisa Huhta and published by Kluwer Law International B.V.. This book was released on 2019-07-17 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many states – including European Union (EU) Member States – subsidise energy producers in order to guarantee the uninterrupted availability of affordable electricity. This book presents the first in-depth examination of how these so-called capacity mechanisms are addressed in EU law and how they affect the functioning of the EU energy markets. Focusing on the existing legal framework as well as the new provisions of the Clean Energy for All Europeans package for capacity mechanisms, the author addresses and analyses such aspects as the following: the structure and functioning of the EU electricity markets; EU’s competence to address security of supply and Member States’ margin of discretion; sector-specific rules for security of supply; legal conditions for subsidising generation adequacy; capacity remuneration under the EU State aid regime; free movement rules that address generation adequacy measures; balancing different interests of EU energy law in the context of generation adequacy; and the requirement of proportionality in State intervention to ensure generation adequacy. The analysis draws on relevant sources of EU law (treaties, regulations and directives) as well as the case law of the European Court of Justice and the General Court, together with soft law instruments such as Commission guidelines. Scholarly sources include not only legal literature but also work on energy policy, energy engineering and energy economics. As a detailed analysis of how capacity mechanisms address issues arising in the context of the enegy transition – and how the system of EU law applicable to capacity mechanisms should be interpreted to further the objectives of EU energy law – the book will help policymakers and legislators in Member States to understand the changing legal setting for capacity mechanisms. Lawyers, academics and other professionals who deal with EU electricity markets in the EU and beyond are sure to welcome its detailed description and analysis.
Book Synopsis Capacity Mechanisms in the EU Energy Market by : Leigh Hancher
Download or read book Capacity Mechanisms in the EU Energy Market written by Leigh Hancher and published by Oxford University Press. This book was released on 2015-09-24 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ensuring an adequate, long-term energy supply is a paramount concern in Europe. EU member states now intervene by encouraging investment in generation capacity, offering an additional revenue stream for conventional power plants in addition to the existing, heavily subsidised investments in renewable energy sources. These capacity remuneration mechanisms (or simply capacity mechanisms) have become a hot topic in the wider European regulatory debate. European electricity markets are increasingly interconnected, so the introduction of a capacity mechanism in one country not only distorts its national market but may have unforeseeable consequences for neighbouring electricity markets. If these mechanisms are adopted by several member states with no supra-national coordination and no consideration for their cross-border impact, they may cause serious market distortions and put the future of the European internal electricity market at risk. This book provides readers with an in-depth analysis of capacity mechanisms, written by an expert team of policy-makers, economists, and legal professionals. It will be a first point of reference for regulators and policy-makers responsible for designing optimal capacity mechanisms in Europe, and will be an invaluable resource for academics and practitioners in the fields of energy, regulation, and competition.
Book Synopsis Power System Economics by : Ivar Wangensteen
Download or read book Power System Economics written by Ivar Wangensteen and published by Akademika Pub. This book was released on 2011-12-31 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is written as a textbook for students of engineering at the Norwegian University of Science and Technology (NTNU). It is designed for the Power Markets course which is part of the Energy and environment masters programme and the recently established international MSc programme in Electric Power Engineering. As the title indicates, it deals with both power system economics in general and the practical implementation and experience from the Nordic market. Some of the subjects covered: Restructuring/deregulation of the power supply system; Grid access including tariffs and congestion management; Generation planning; Market modelling; Ancillary services; Regulation of grid monopolies. Although it is written primarily as a textbook for students, readers outside the universities may also find the book interesting. It deals with problems that have been subject of considerable attention in the power sector for some years and it addresses issues that are still relevant and important.
Book Synopsis Electricity Market Reform by : Fereidoon P. Sioshansi
Download or read book Electricity Market Reform written by Fereidoon P. Sioshansi and published by Elsevier. This book was released on 2006-04-13 with total page 688 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the late 1980s, policy makers and regulators in a number of countries have liberalized, restructured or “deregulated their electric power sector, typically by introducing competition at the generation and retail level. These experiments have resulted in vastly different outcomes - some highly encouraging, others utterly disastrous. However, many countries continue along the same path for a variety of reasons. Electricity Market Reform examines the most important competitive electricity markets around the world and provides definitive answers as to why some markets have performed admirably, while others have utterly failed, often with dire financial and cost consequences. The lessons contained within are direct relevance to regulators, policy makers, the investment community, industry, academics and graduate students of electricity markets worldwide. Covers electicity market liberalization and deregulation on a worldwide scale Features expert contributions from key people within the electricity sector
Book Synopsis The Norwegian Electricity Market by : Tor Arnt Johnsen
Download or read book The Norwegian Electricity Market written by Tor Arnt Johnsen and published by . This book was released on 2001 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Coordination of Network Operations and System Responsibility in the Nordic Electricity Market by : Nordisk Ministerråd
Download or read book Coordination of Network Operations and System Responsibility in the Nordic Electricity Market written by Nordisk Ministerråd and published by Nordic Council of Ministers. This book was released on 2006 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economics of Electricity Markets by : Clara Poletti
Download or read book The Economics of Electricity Markets written by Clara Poletti and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economics of Electricity Markets provides a cutting-edge analysis of the critical issues involved in the design and operation of electricity markets, as well as an assessment of alternative institutional arrangements that have either been implemented or are under discussion in Europe and the US. The book illustrates how a sound market design can render electricity trading and retailing very much like that of other commodities. Social and political concerns, rather than engineering or economics, are what make electricity markets 'special'. The expert contributors address a wide set of issues that arise when competition is introduced to the electricity industry, ranging from the design of spot and real-time power markets to alternative approaches to congestion management, from competition policy in wholesale electricity markets to the benefits and costs of retail competition, and from regulatory measures to ensure generation capacity adequacy to the politicization of generation investment decisions as a way of pursuing sustainability targets. This highly informative book will appeal to academics, students and researchers in the field of advanced energy economics, and will prove essential reading for energy regulators, professionals and executives wishing to explore the theoretical foundations underpinning their day-to-day activities.
Book Synopsis EU Electricity Trade Law by : Petri Mäntysaari
Download or read book EU Electricity Trade Law written by Petri Mäntysaari and published by Springer. This book was released on 2015-05-06 with total page 614 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to describe the mechanisms of the internal wholesale electricity market in terms of the legal tools and practices used by electricity producers, the most important market participants. In this regard, the focus is on Northwestern Europe. Because of the book’s functional perspective, it is not limited to the external regulation of electricity markets at the EU level and also describes the business models and practices employed by electricity producers. Both the physical and financial marketplaces are examined and topics including electricity supply, balancing, transmission and derivatives are covered. The target for the completion of the EU’s internal electricity market was 2014. The internal wholesale electricity market is very important not only for electricity producers, suppliers and major end consumers but also for network operators, marketplace operators, electricity technology firms, investment firms and market regulators.
