Electricity 23 ifri f harbo the european gas and oil

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Unformatted text preview: le energy in the form of both electricity and heat. The electrical power market All generating companies supply electricity to the transmission or distribution network. Once delivery has been made, it is no longer possible to separate supplies from different generators. When a consumer turns on the electricity, it is impossible to say where the power originated. Electricity 23 © Ifri F. Harbo / The European Gas and Oil Market prices are primarily determined by supply and demand in the Nordic power market. The Nordic countries’ power systems are connected, and the countries’ systems are mutually dependant. The market determines power prices, based on generation, transmission and consumption conditions in the Nordic region, and thus the price varies over time. The price of power also reflects possible congestion in transmission capacity between areas, but the price is equal in all areas of the Nordic region if there is no such congestion. Inflow to hydropower plants is of great importance for the determination...
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This document was uploaded on 03/30/2014.

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