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Capacity adequacy in the Nordic electricity market

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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.

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Series Title

TemaNord,

Call Number

551.68 NOR c

Publisher

Nordic : Nordic Council of Ministers., 2015

Collation

143

Language

English

ISBN/ISSN

9789289342858

Classification

551.68

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

Ed. 1

Subject(s)

Climate Change

Specific Detail Info

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Statement of Responsibility

Nordic Council of Ministers

Other Information

Cataloger

umi

Source

https://library.oapen.org/handle/20.500.12657/32905

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