Dead Battery? Wind Power, the Spot Market, and Hydro Power Interaction in the Nordic Electricity Market

Article, Research, Preprint English OPEN
Mauritzen, Johannes;
  • Publisher: Research Institute of Industrial Economics (IFN) Stockholm
  • Journal: issn: 0195-6574
  • Publisher copyright policies & self-archiving
  • Identifiers: doi: 10.5547/01956574.34.1.5
  • Subject: L90 | Hydropower | Empirical | Norwegen | Time Series | Q40 | Energiepreis | Wasserkraft | :Social science: 200::Economics: 210::Business: 213 [VDP] | Wind Power | Energiehandel | :Social science: 200::Economics: 210::Economics: 212 [VDP] | Wind Power; Hydro Power; Nordic Electricity Market; Empirical | Nordic Electricity Market | Hydro Power | Dänemark | Windenergie
    • jel: jel:L90 | jel:Q00 | jel:Q40
      ddc: ddc:330

It is well established within both the economics and power system engineering literature that hydro power can act as a complement to large amounts of intermittent energy. In particular hydro power can act as a "battery" where large amounts of wind power are installed. I... View more
  • References (16)
    16 references, page 1 of 2

    Amundsen, E. S. and L. Bergman (2006, September). Why has the nordic electricity market worked so well? Utilities Policy 14 (3), 148{157.

    Belanger, C. and L. Gagnon (2002, November). Adding wind energy to hydropower. Energy Policy 30 (14), 12791284.

    Benitez, L. E., P. C. Benitez, and G. C. van Kooten (2008, July). The economics of wind power with energy storage. Energy Economics 30 (4), 1973{1989.

    Bernanke, B. S. (1986, February). Alternative explanations of the MoneyIncome correlation. National Bureau of Economic Research Working Paper Series No. 1842.

    Costa, A., A. Crespo, J. Navarro, G. Lizcano, H. Madsen, and E. Feitosa (2008, August). A review on the young history of the wind power short-term prediction. Renewable and Sustainable Energy Reviews 12 (6), 1725{1744.

    Danish Energy Agency (ENS) (2010). Energistatistik 2010. http: //\_og\_noegletal/ Aarsstatistik/Documents/Energistatistik\_2010.pdf.

    Fell, H. G. (2010, August). EU-ETS and Nordic Electricity: A CVAR Approach. The Energy Journal 31 (2).

    Forewind (2011). Dogger Bank - Forewind. dogger-bank/.

    F rsund, F. and L. Hjalmarsson (2010, May). Renewable energy expansion and the value of balance regulation power. Technical report, Goteborg University, Department of Economics. 0441.html.

    Foyn, J. F. (2009, February). Nordpool electricity prices. Correspondence.

  • Metrics
Share - Bookmark