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Unformatted text preview: ntly trade in one or
more of Nord Pool’s markets, and traded volume in the physical market
totalled 251 TWh in 2006. The value of the physical trading volume
increased by around 127% from 2005, and amounted to more than EUR 12
billion in 2006. Nord Pool’s products are divided into three principal
categories: the physical market, the financial market and clearing
services.20 For a power producer, the amount of electricity sold directly to
clients at any time does not need to correspond to the amount generated.
To maximise earnings, generators place the water in the reservoirs on the
basis of the spot price at any given time and future price expectations. To
ensure that output corresponds to sales commitments, generators can buy
and sell power in the market, Nord Pool for instance.
Anyone who buys electricity for his or her own consumption is an
end-user. Small end-users normally buy power from an electricity supply
company. Larger end-users, such as industrial companies, often buy
directly from the wholesale market. The total ele...
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This document was uploaded on 03/30/2014.
- Summer '14