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Consumption management in the Nord Pool region: A stability analysis

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  • Lindström, Erik
  • Norén, Vicke
  • Madsen, Henrik

Abstract

Integration of fluctuating renewables like wind and solar power is nowadays a hot topic, but this comes at a cost of decreased stability of the power system. The deterioration often translates into so-called spikes and drops in the electricity spot price, very large (even extreme) deviations from the regular spot price, followed by a reversion to roughly the original level a few days later. We use the spikes and drops as an strong indication that there is an imbalance in the physical power system in this paper.

Suggested Citation

  • Lindström, Erik & Norén, Vicke & Madsen, Henrik, 2015. "Consumption management in the Nord Pool region: A stability analysis," Applied Energy, Elsevier, vol. 146(C), pages 239-246.
    • Handle: RePEc:eee:appene:v:146:y:2015:i:c:p:239-246
    DOI: 10.1016/j.apenergy.2015.01.113
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    1. Marwan, Marwan, 2020. "The impact of probability of electricity price spike and outside temperature to define total expected cost for air conditioning," Energy, Elsevier, vol. 195(C).

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