Trading wind in a hydro-dominated power pool system

Peter Meibom, Torben Svendsen and Bent Sorensen

International Journal of Sustainable Development, 1999, vol. 2, issue 4, 458-483

Abstract: In 1996, the Danish government launched an ambitious energy plan, Energy 21, describing a way to develop the energy sector in a more sustainable direction. Wind power plays an important role in the plan, and as a consequence there will be a very high penetration of wind energy in the electricity sector. This will put in focus issues of fitting a variable energy source into a stable supply system. The present study investigates the role that collaboration with the hydro-based Scandinavian countries can offer, and particularly looks at the conditions of the Nordic power pool, asking whether it will be possible profitably to trade wind power in such a pool system. The result is that wind power can indeed be integrated into the system as planned in Energy 21, with a supply security as high as currently, and with average trading costs constituting 11% of the average price obtained by selling wind power to the pool.

Keywords: predicting wind power; Scandinavian electricity system; trading power; sustainable development. (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijsusd:v:2:y:1999:i:4:p:458-483

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