IDEAS home Printed from
   My bibliography  Save this paper

Phasing in Large-scale Expansion of Wind-Power in the Nordic-Countries


  • Førsund, Finn R.

    () (Dept. of Economics, University of Oslo)


There are plans of a substantial increase in the construction of renewable power in Scandinavia in the coming 10 years. The Nordic countries operate a common wholesale market, Nord Pool. Intermittent power (wind power, solar and small-scale hydro power) is stochastic and therefore needs other generating technologies to undertake the necessary adjustment of supply in order to keep up the continuous balance between demand and supply. There are several generating technologies in use in the Nordic countries; hydropower, conventional thermal, nuclear power, combined heat and power based on oil, coal and biofuel, and intermittent power, mainly wind power and run-of-the-river small scale hydro. Interesting questions are which technologies will counter the swings in intermittent power, and the consequences for the price of electricity as to variability. The purpose of the paper is to investigate these questions by using a theoretic dynamic model covering the main technologies used for generating electricity in the Nordic area in order to give qualitative conclusions about the interactions between the technologies and price impacts. A certain amount of intermittent power will be assumed, and then consequences of changes in intermittent power will be studied.

Suggested Citation

  • Førsund, Finn R., 2012. "Phasing in Large-scale Expansion of Wind-Power in the Nordic-Countries," Memorandum 15/2012, Oslo University, Department of Economics.
  • Handle: RePEc:hhs:osloec:2012_015

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    Electricity; Intermittent power; Hydropower; Thermal power;

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hhs:osloec:2012_015. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mari Strønstad Øverås). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.