Member Login

Energy Journal Issues

IAEE Members and subscribers to The Energy Journal: Please log in to access the full text article or receive discounted pricing for this article.

View Cart  

Price: $25    Add to Cart

Dead Battery? Wind Power, the Spot Market, and Hydropower Interaction in the Nordic Electricity Market
Author(s): Johannes Mauritzen

The Quarterly Journal of the IAEE's Energy Economics Education Foundation
Volume 34, Number 1

Abstract: It is well established within both the economics and power system engineering literature that hydropower can act as a complement to large amounts of intermittent energy. In particular hydropower can act as a "battery" where large amounts of wind power are installed. In this paper I use simple distributed lag models with data from Denmark and Norway. I find that increased wind power in Denmark causes increased marginal exports to Norway and that this effect is larger during periods of net exports when it is difficult to displace local production. Increased wind power can also be shown to slightly reduce prices in southern Norway in the short-run. Finally, I estimate that as much as 40 percent of wind power produced in Denmark is stored in Norwegian hydropower magazines.
Energy Specializations: Electricity – Generation Technologies, Electricity – Markets and Prices , Renewables – Wind , Renewables – Policy and Regulation,

Keywords: Wind Power, Hydropower, Nordic Electricity Market, Empirical, Time Series,
DOI: http://dx.doi.org/10.5547/01956574.34.1.5

Reference information is available for this article. Join IAEE or purchase the article to view reference data.
View Issue Table of Contents
 


Article Tools

(More Information)
    Export Citation
Order physical issue


Prev Article Next Article