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How to play the game as the bridge between two European power markets—the case of Western Denmark

descriptionPublicationkeyboard_double_arrow_right Article , Journal , Preprint 01 Nov 2006 Denmark Publisher:Elsevier BVJournal:Energy Policy, volume 34, pages 3,293-3,304 (issn: 0301-4215,

Authors: Olsen, Ole Jess; Amundsen, Eirik Schrøder; Donslund, Bjarne;

doi: 10.1016/j.enpol.2005.07.001

How to play the game as the bridge between two European power markets—the case of Western Denmark

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Abstract

Abstract In this paper, we set out to investigate the price and quantity fluctuations in Western Denmark, which took place during the winter season 2002–2003. It was a period, which exhibited critical supply conditions in the Nordic area due to a shortage of hydropower. On average, the market in Western Denmark helped to ease the situation by large net exports. However, a more detailed investigation reveals anomalies in market behaviour that do not fit well into this overall positive description of the situation. Several explanations of the anomalies are offered. These may work separately or act in concert. In particular, we look at: the exercise of market power and gaming of the dominant power generator; the role of the large capacity of volatile wind power; the role of the guaranteed fixed prices and the design and functioning of the special auction system of transmission capacity in the interface between Western Denmark and Germany.

Country

Denmark

Related Organizations

Keywords

Market power, /dk/atira/pure/core/keywords/Life, Electricity trade, electricity trade; market power; wind power, Wind power, Former LIFE faculty, jel: jel:L13, jel: jel:D43, jel: jel:L94

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	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	6
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	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Top 10%
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Average