Intermittency and Pricing Flexibility in Electricity Markets

Intermittency and Pricing Flexibility in Electricity Markets (2019)

CERE Working Paper, 2019:5

94 Pages Posted: 29 May 2019

See all articles by Jurate Jaraite

Jurate Jaraite

CERE

Andrius Kažukauskas

Swedish University of Agricultural Sciences (SLU) - Center for Environmental and Resource Economics (CERE)

Runar Brännlund

University of Umea - Centre for Environmental and Resource Economics

Kiran Chandra

University of Umea - Centre for Environmental and Resource Economics

Bengt Kriström

SLU- Centre for Environmental and Resource Economics (CERE)

Date Written: May 17, 2019

Abstract

How can increasing intermittent power generation in the Swedish electricity system be managed in a more market-oriented and cost-efficient way? We argue that market mechanisms are the most natural means for obtaining the needed flexibility in electricity systems. We believe that a complete ex post assessment of the Swedish wholesale and balancing market functioning is crucial to determine the effectiveness of these markets in attaining their major objectives. This report identifies knowledge gaps and suggests the most relevant ex post research directions and questions for analysing the Swedish electricity markets in relation to intermittency and pricing flexibility.

Keywords: electricity markets, intermittency, Sweden, wind power

JEL Classification: Q41, Q42, Q48

Suggested Citation

Jaraite, Jurate and Kažukauskas, Andrius and Brännlund, Runar and Chandra, Kiran and Kriström, Bengt, Intermittency and Pricing Flexibility in Electricity Markets (May 17, 2019). Intermittency and Pricing Flexibility in Electricity Markets (2019); CERE Working Paper, 2019:5 . Available at SSRN: https://ssrn.com/abstract=3389768 or http://dx.doi.org/10.2139/ssrn.3389768

Jurate Jaraite (Contact Author)

CERE ( email )

CERE
Economics Department, Umeå University
Umeå
Sweden

Andrius Kažukauskas

Swedish University of Agricultural Sciences (SLU) - Center for Environmental and Resource Economics (CERE) ( email )

Almas Allé 10
Umeå, 750 07
Sweden

Runar Brännlund

University of Umea - Centre for Environmental and Resource Economics ( email )

Umeå, S-901 87
Sweden

Kiran Chandra

University of Umea - Centre for Environmental and Resource Economics ( email )

Umeå, S-901 87
Sweden

Bengt Kriström

SLU- Centre for Environmental and Resource Economics (CERE) ( email )

Umea, 901 83
Sweden
+46-(0)90-7865219 (Phone)

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