In this paper we study the potential effects of Real Time Pricing (RTP) of electricity to the need of long-run capacities in the Nordic power markets. A characteristic of the Nordic power market is the large variety of production technologies of which hydro and nuclear power are capacity...

A significant part of the renewable energy differs from conventional generating technologies such that they produce electricity intermittently. If traditional levelized cost approach is used it gives inappropriate and misleading results. We utilize a long-run oriented Real-Time Price based model...

Earlier literature clearly shows potential for, and realized abuses of, market power in deregulated electricity markets. Markets with a significant role of hydropower stations are susceptible to the abuse of market power. In this paper we utilize a long-run oriented Real-Time Price based...

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...

Households' preferences for attributes of flexible energy demand are not well understood. This paper evaluates Finnish households' acceptance of hypothetical contracts and services aimed at increasing demand side flexibility. We conduct a Choice Experiment to analyze households' willingness to...