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2014 | OriginalPaper | Chapter

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

Authors : Olga Gore, Satu Viljainen, Kalevi Kylaheiko, Ari Jantunen

Published in: Operations Research Proceedings 2012

Publisher: Springer International Publishing

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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.

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Gore, M., Viljainen, S.: Barriers and opportunities for new market players to entry the Russian power sector. In: Proceedings of IEEE Conference Publications, 2012
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Parisio, L., Bosco, K.: Electricity prices and cross-border trade:volume and strategy effets. Energy Econ. 30, 1760–1775 (2008)CrossRef
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Pfeifenberger, J., Spees K., Schumarcher.: A comparison of PJM’s RPM with alternative energy and capacity market designs. The Brattle group working paper, 2009
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Metadata
Title
Profit Optimization of the Cross-Border Trade Between the Nordic and Russian Electricity Markets
Authors
Olga Gore
Satu Viljainen
Kalevi Kylaheiko
Ari Jantunen
Copyright Year
2014
Book
Operations Research Proceedings 2012

Print ISBN: 978-3-319-00794-6

Electronic ISBN: 978-3-319-00795-3

Copyright Year: 2014

DOI
https://doi.org/10.1007/978-3-319-00795-3_25