Skip to main content
SpringerLink
Log in

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

  • Conference paper
  • First Online:
Operations Research Proceedings 2012

Part of the book series: Operations Research Proceedings ((ORP))

  • 1988 Accesses

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.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 169.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Chaigneau, M., Lannez, S., Passelergue, J., Hesamzadesh, M.: Forward capacity markets: Maintaining system reliability in Europe. In: Proceedings of IEEE Conference Publications, 2012

    Google Scholar 

  2. Gore, M., Viljainen, S., Makkonen, M., Kuleshov, D.: Russian electricity market reform: deregulation or re-regulation. Energy Policy 41, 676–685 (2011)

    Article  Google Scholar 

  3. Gore, M., Viljainen, S.: Barriers and opportunities for new market players to entry the Russian power sector. In: Proceedings of IEEE Conference Publications, 2012

    Google Scholar 

  4. Fingrid.: Web pages. Available via. http://www.fingrid.fi/

  5. Joscow, P., Kahn E.: A quantitative analysis of pricing behavior in California’s wholesale electricity market during summer 2000. NBER Working paper series, 2001

    Google Scholar 

  6. Nord Pool Spot.: Web pages. Available via. http://www.nordpoolspot.com/

  7. Parisio, L., Bosco, K.: Electricity prices and cross-border trade:volume and strategy effets. Energy Econ. 30, 1760–1775 (2008)

    Article  Google Scholar 

  8. Pfeifenberger, J., Spees K., Schumarcher.: A comparison of PJM’s RPM with alternative energy and capacity market designs. The Brattle group working paper, 2009

    Google Scholar 

  9. SO-UPS Russia: planned monthly peak hours 2012. In: System Operator. Available via. http://www.so-ups.ru/fileadmin/files/company/markets/pik_chas2012.pdf Cited Jan 2011

Download references

Author information

Authors and Affiliations

  1. Lappeenranta University of Technology, Skinnarilankatu 34, Lappeenranta, Finland

    Olga Gore, Satu Viljainen, Kalevi Kylaheiko & Ari Jantunen

Authors
  1. Olga Gore
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Satu Viljainen
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Kalevi Kylaheiko
    View author publications

    You can also search for this author in PubMed Google Scholar

  4. Ari Jantunen
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Olga Gore .

Editor information

Editors and Affiliations

  1. Institute of Production Management, Leibniz Universität Hannover, Hannover, Germany

    Stefan Helber

  2. Institute for Information Systems Resear, Leibniz Universität Hannover, Hannover, Germany

    Michael Breitner

  3. Institute for Banking and Finance, Leibniz Universität Hannover, Hannover, Germany

    Daniel Rösch

  4. Institute of Production Management, Leibniz Universität Hannover, Hannover, Germany

    Cornelia Schön

  5. Institute for Risk and Insurance, Leibniz Universität Hannover, Hannover, Germany

    Johann-Matthias Graf von der Schulenburg

  6. Institute of Statistics, Leibniz Universität Hannover, Hannover, Germany

    Philipp Sibbertsen

  7. Institute of Applied Mathematics, Leibniz Universität Hannover, Hannover, Germany

    Marc Steinbach

  8. Institute of Probability and Statistics, Leibniz Universität Hannover, Hannover, Germany

    Stefan Weber

  9. Institute of Production Management, Leibniz Universität Hannover, Hannover, Germany

    Anja Wolter

Rights and permissions

Reprints and permissions

Copyright information

© 2014 Springer International Publishing Switzerland

About this paper

Cite this paper

Gore, O., Viljainen, S., Kylaheiko, K., Jantunen, A. (2014). Profit Optimization of the Cross-Border Trade Between the Nordic and Russian Electricity Markets. In: Helber, S., et al. Operations Research Proceedings 2012. Operations Research Proceedings. Springer, Cham. https://doi.org/10.1007/978-3-319-00795-3_25

Download citation

Publish with us

Policies and ethics

Search

Navigation