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AER / CPB / ECN The Hague-September 2003 EUROPEAN ELECTRICITY MARKET INTEGRATION : THE NORDIC EXPERIENCES
| Content Provider | Semantic Scholar |
|---|---|
| Author | Bergman, Lars |
| Copyright Year | 2003 |
| Abstract | During the 1990s the electricity markets in Norway, Sweden, Finland and Denmark were deregulated and integrated into a single Nordic market for electricity. With consumption close to 400 TWh per annum the Nordic market is comparable to the largest national electricity markets in Europe. The purpose of this paper is to tentatively evaluate electricity market reform in the Nordic countries. In order to do this the development of wholesale and retail prices, peak and base load capacity and degree of competition (market power) between 1996 and 2002 is discussed. The main conclusions are that the wholesale markets are well integrated and reasonably efficient, while the retail markets remain national markets with different prices. Moreover, the new market institutions seem to handle large variations in hydropower supply quite efficiently, while peak load capacity is an emerging problem. Available information suggests that competition has induced substantial productivity increases in the power industry. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.ecn.nl/fileadmin/ecn/units/bs/Symp_Electricity-markets/c1_2-paper.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
