Liberalised Electricity Markets - Strengths and Weaknesses in Finland and Nordpool

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Liberalised Electricity Markets - Strengths and Weaknesses in Finland and Nordpool

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Heikki Kemppi
Adriaan Perrels

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Adriaan Perrels

Abstract

This report gives an overview of the implications of electricity market liberalisation, with special reference to the Nordic market and Finland. The principal focus is on the functioning of the wholesale (generation) and retail (endusers) markets. Furthermore, the handling of risks and the interaction with various environmental policies receive special attention. Essentially the Nordic and Finnish electricity markets have been functioning reasonably well. Yet, under the pressure of the tight market in the winter of 2002, various shortcomings became more obvious. The re-attachment of the wholesale and retail market, inter alia through the (re)introduction of DSM, should be a prime concern. Other points of attention are - among others - the surveillance of the monopolistic services in the market and tendencies for vertical integration.

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Paper provided by Government Institute for Economic Research (VATT) in its series VATT Research Reports with number 97.

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Date of creation: 23 Apr 2003
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Handle: RePEc:fer:resrep:97

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Find related papers by JEL classification:
Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
F00 - International Economics - - General - - - General

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

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- Amundsen, E.S. & Nesse, A. & Tjotta, S., 1999. "Deregulation of the Nordic Power Market and Environmental Policy," Norway; Department of Economics, University of Bergen 194, Department of Economics, University of Bergen.
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Juha Honkatukia & Ville Mälkönen & Adriaan Perrels, 2006. "Impacts of the European Emission Trade System on Finnish Wholesale Electricity Prices," VATT Discussion Papers 405, Government Institute for Economic Research (VATT). [Downloadable!]

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