Title :
The influences of climatic factors on electricity prices in liberalized market in Finland
Author :
Laitinen, Kimmo ; Hovila, Jari ; Mannila, Tuija ; Korpinen, Leena
Author_Institution :
Electr. Power Eng., Tampere Univ. of Technol., Finland
Abstract :
The aim of this study was to find out the influences of different parameters on the electricity prices in the liberalized electricity market in Finland. The main emphasis was placed on climatic factors, rainfall and temperature. In this study, the spot price of electricity was compared to rainfall and temperature. The spot price is the co-Scandinavian electricity exchange Nord Pool price in Helsinki. The spot price is highly dependent on the long term rainfall. This is due to the fact that in Nordic countries a great part of electricity is produced by hydropower. The temperature seems to have very big short-term effects on the spot price. Also heavy rains in winter have short-term effects on the spot price in Finland. The rains and storms that occur in summer don´t seem to have any real effect on the spot price
Keywords :
atmospheric temperature; costing; electricity supply industry; hydroelectric power; power system economics; rain; Finland; Nord Pool price; climatic factors; co-Scandinavian electricity exchange; electricity prices; electricity spot price; heavy winter rains; hydropower; liberalized market; long term rainfall; rainfall; summer rains; summer storms; temperature; Electricity supply industry; Electricity supply industry deregulation; Hydroelectric power generation; Nuclear power generation; Ocean temperature; Power engineering and energy; Rain; Resistance heating; Storms; Thermal factors;
Conference_Titel :
Electric Utility Deregulation and Restructuring and Power Technologies, 2000. Proceedings. DRPT 2000. International Conference on
Conference_Location :
London
Print_ISBN :
0-7803-5902-X
DOI :
10.1109/DRPT.2000.855723
