Profit Optimization of the Cross-Border Trade Between the Nordic and Russian Electricity Markets

Olga Gore (), Satu Viljainen (), Kalevi Kylaheiko and Ari Jantunen
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Olga Gore: Lappeenranta University of Technology
Satu Viljainen: Lappeenranta University of Technology
Kalevi Kylaheiko: Lappeenranta University of Technology
Ari Jantunen: Lappeenranta University of Technology

A chapter in Operations Research Proceedings 2012, 2014, pp 169-175 from Springer

Abstract: Abstract Europe aims for internal market in electricity. The target is to ensure the efficient use of interconnections, increase in social welfare and electricity price convergence. However, different market designs across Europe may create a threat to the efficiency of market integration. This paper presents results of a case study of the current operational principles of cross-border trade between Russian energy+capacity market and Nordic energy-only market. The results suggest that interraction of markets with different designs may lead to the non-optimal use of the interconnection.

Keywords: Electricity Price; Market Integration; Supply Curve; Optimal Capacity; Import Market (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:oprchp:978-3-319-00795-3_25

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DOI: 10.1007/978-3-319-00795-3_25

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