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

  • Olga Gore
  • Satu Viljainen
  • Kalevi Kylaheiko
  • Ari Jantunen
Conference paper
Part of the Operations Research Proceedings book series (ORP)

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.

Keywords

Electricity Price Market Integration Supply Curve Optimal Capacity Import Market 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer International Publishing Switzerland 2014

Authors and Affiliations

  • Olga Gore
    • 1
  • Satu Viljainen
    • 1
  • Kalevi Kylaheiko
    • 1
  • Ari Jantunen
    • 1
  1. 1.Lappeenranta University of TechnologyLappeenrantaFinland

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