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Efficient pricing for European electricity networks - The theory of nodal pricing applied to feeding-in wind in Germany

  • Leuthold, Florian
  • Weigt, Hannes
  • von Hirschhausen, Christian

This paper applies nodal pricing as an economic approach to efficient use of electricity networks utilization for the fairly large German grid. We combine a straightforward welfare maximization with the technical specificities of electricity flows on a realistically large network. The nodal pricing model is applied in order to analyze the impact of extended German wind power production on the power grid. The paper shows that economic modeling, taking into account physical and technical constraints, makes important contributions to the assessment and optimization of system configuration and operation.

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Article provided by Elsevier in its journal Utilities Policy.

Volume (Year): 16 (2008)
Issue (Month): 4 (December)
Pages: 284-291

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Handle: RePEc:eee:juipol:v:16:y:2008:i:4:p:284-291
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/30478

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  1. Buen, Jorund, 2006. "Danish and Norwegian wind industry: The relationship between policy instruments, innovation and diffusion," Energy Policy, Elsevier, vol. 34(18), pages 3887-3897, December.
  2. Brunekreeft, G. & Neuhoff, K. & Newbery, D., 2004. "Electricity transmission: an overview of the current debate," Cambridge Working Papers in Economics 0463, Faculty of Economics, University of Cambridge.
  3. Hogan, William W., 2003. "Transmission Market Design," Working Paper Series rwp03-040, Harvard University, John F. Kennedy School of Government.
  4. Perez-Arriaga, Ignacio J. & Olmos, Luis, 2005. "A plausible congestion management scheme for the internal electricity market of the European Union," Utilities Policy, Elsevier, vol. 13(2), pages 117-134, June.
  5. Ehrenmann, Andreas & Smeers, Yves, 2005. "Inefficiencies in European congestion management proposals," Utilities Policy, Elsevier, vol. 13(2), pages 135-152, June.
  6. J. Boucher & Y. Smeers, 2002. "Towards a common European Electricity market paths in the right direction… still far from an effective design," Competition and Regulation in Network Industries, Intersentia, vol. 3(4), pages 375-425, September.
  7. Richard Green, 2007. "Nodal pricing of electricity: how much does it cost to get it wrong?," Journal of Regulatory Economics, Springer, vol. 31(2), pages 125-149, April.
  8. Neuhoff, Karsten & Ehrenmann, Andreas & Butler, Lucy & Cust, Jim & Hoexter, Harriet & Keats, Kim & Kreczko, Adam & Sinden, Graham, 2008. "Space and time: Wind in an investment planning model," Energy Economics, Elsevier, vol. 30(4), pages 1990-2008, July.
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