Consumption management in the Nord Pool region: A stability analysis

Erik Lindström, Vicke Norén and Henrik Madsen

Applied Energy, 2015, vol. 146, issue C, 239-246

Abstract: Integration of fluctuating renewables like wind and solar power is nowadays a hot topic, but this comes at a cost of decreased stability of the power system. The deterioration often translates into so-called spikes and drops in the electricity spot price, very large (even extreme) deviations from the regular spot price, followed by a reversion to roughly the original level a few days later. We use the spikes and drops as an strong indication that there is an imbalance in the physical power system in this paper.

Keywords: Independent Spike Model; Electricity spot price; Nord Pool; Consumption management (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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DOI: 10.1016/j.apenergy.2015.01.113

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