In this paper we calculate long-term profitability of a pumped hydro energy storage (PHES) plant planned to be built in an old mine in Pyhäjärvi, Finland. We model the optimal PHES operation for several scenarios with different wind power penetration levels. Our modelling approach first...

This article analyses the impact of the interplay between the demand response, wind penetration and hydropower in the Nordic power market. We develop a long-term equilibrium model in which the thermal power capacity adjusts to the zero-profit level over varying real-time pricing adoption rates...

In contrast to the other Nordic countries, Finland is a uniform pricing area, emphasising the strength of its internal transmission grid. However, more capacity investments to wind power are made in the becoming years. Their geographical location in the north, far from the largest load centres...

Residential sector has a large underutilized potential for demand response in its electricity consumption optimization. In this study residential electric hot water heaters (EHWH) are considered as distributed energy storage providing demand response in electricity markets. Heating optimization...

Water is of central importance for reaching the Sustainable Development Goals (SDGs) of the United Nations. With predictions of dire global water scarcity, attention is turning to resources that are considered to be unconventional, and hence called Unconventional Water Resources (UWRs). These...

We study the dynamic optimization of platform pricing in industries with positive direct net-work externalities. The utility of the network for the consumer is modelled as a function of three components. Platform price and network size (participation rate) affect the consumer's decision to join...

We contribute to the discussion on transnational impacts of climate change by analysing the potential cross-border impacts of possible climate change driven changes in the hydropower potential. We analyse this in the context of the Nordic countries where Norway and Sweden are likely to gain...

This paper studies the interaction between hydro and wind power in hydro-thermal-wind power system. Socially efficient and monopoly hydropower allocation solutions are presented. Market power utilization potential for hydropower is reduced during low demand periods when residual demand crosses...

Field experiments have shown that information nudging can help households to save energy, however, the effectiveness varies depending on aspects such as information content, delivery mode and study area. This article evaluates the impacts of information nudges on residential electricity...