A description of the operative decision-making process of a power generating company on the Nordic electricity market

Journal article
(Original article)


Publication Details

Author(s): Scharff R, Egerer J, Söder L
Journal: Energy Systems
Publisher: Springer Verlag
Publication year: 2014
Volume: 5
Journal issue: 2
Pages range: 349-369
ISSN: 1868-3975


Abstract


In a liberalised electricity market, power generating companies face various trading possibilities. In addition, they have to take scheduling decisions. Both kinds of decisions are affected by uncertainties, e.g. power plant outages, uncertain market prices for electricity or imperfect wind power forecasts. This paper presents an overview of the decision-making process of a power generating company on the Nordic electricity market and illustrates how uncertainties affect this process. As a power generating company's return on investment arises - at least partly - from its trading and scheduling decisions, it is important to optimise those decisions. Therefore, selected optimisation models are listed in a condensed manner. The paper also includes a both detailed and comprehensive description of the market design in the Nordic countries. © 2014 Springer-Verlag Berlin Heidelberg.



FAU Authors / FAU Editors

Egerer, Jonas Dr.
Lehrstuhl für Volkswirtschaftslehre, insbesondere Wirtschaftstheorie


How to cite

APA:
Scharff, R., Egerer, J., & Söder, L. (2014). A description of the operative decision-making process of a power generating company on the Nordic electricity market. Energy Systems, 5(2), 349-369. https://dx.doi.org/10.1007/s12667-013-0104-2

MLA:
Scharff, Richard, Jonas Egerer, and Lennart Söder. "A description of the operative decision-making process of a power generating company on the Nordic electricity market." Energy Systems 5.2 (2014): 349-369.

BibTeX: 

Last updated on 2018-14-09 at 12:10