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Trading wind in a hydro-dominated power pool system

Author

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  • Peter Meibom
  • Torben Svendsen
  • Bent Sorensen

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.

Suggested Citation

  • Peter Meibom & Torben Svendsen & Bent Sorensen, 1999. "Trading wind in a hydro-dominated power pool system," International Journal of Sustainable Development, Inderscience Enterprises Ltd, vol. 2(4), pages 458-483.
    • Handle: RePEc:ids:ijsusd:v:2:y:1999:i:4:p:458-483
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    Cited by:

    1. Ramirez-Rosado, Ignacio J. & Fernandez-Jimenez, L. Alfredo & Monteiro, Cláudio & Sousa, João & Bessa, Ricardo, 2009. "Comparison of two new short-term wind-power forecasting systems," Renewable Energy, Elsevier, vol. 34(7), pages 1848-1854.

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