Capacity adequacy in the Nordic electricity market /

And Conclusions -- 1. Introduction -- 2. Relevant Definitions -- 3. Current situation and historical evidence -- 4. Generation gap Outlook -- 5. Policy and market measures for capacity adequacy -- 6. Summary ofrecommendations -- Appendix 1: EC Checklist -- Appendix 2: The The-MA power market model -...

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Bibliographic Details
Corporate Author: Nordic Council of Ministers.
Format: eBook
Language:English
Published: Copenhagen, [Denmark] : Thema Consulting Group, 2015.
Series:TemaNord ; 560.
Subjects:
Online Access:CONNECT
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Description
Summary:And Conclusions -- 1. Introduction -- 2. Relevant Definitions -- 3. Current situation and historical evidence -- 4. Generation gap Outlook -- 5. Policy and market measures for capacity adequacy -- 6. Summary ofrecommendations -- Appendix 1: EC Checklist -- Appendix 2: The The-MA power market model -- Appendix 3: Key model assumptions.
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.
Physical Description:1 online resource (142 pages) : illustrations (some colour), colour maps.
Bibliography:Includes bibliographical references.
ISBN:9289342870
9789289342872
9289342862
9789289342865
ISSN:0908-6692 ;