Since 19 January 2009 the peak load reserves have been offered to the spot market in order to contribute to avoiding curtailment in the spot market.
The transmission system operators Svenska Kraftnät and Fingrid have agreements with large consumers and producers of electrical energy to ensure that there are production units and consumption reductions available as peak load reserves. These reserves are meant to ensure balance between electricity consumption and production, and the reserves are not available for the market on ordinary terms.
During the winter 2009/ 2010, the peak load reserves were activated in the market on three occasions and a total of eight hours.
For the future, Nord Pool Spot recommends that the peak load reserves should be organized to:
• Avoid curtailment and ensure that the consumers get the energy they need
• Contribute to prices being based on the actual cost for the peak load reserve
• That reductions in consumption are made available to the market, contributing to fewer price peaks
• That the pricing of the peak load production is transparent
- The peak load reserves are meant to be a temporary solution, and in the future there should be sufficient volumes to handle strained situations without the peak load reserve, says Siw Hauge, Director Communications in Nord Pool Spot.
Link to report by Nord Pool Spot
Nord Pool Spot runs the largest market for electrical energy in the world, offering both day-ahead and intraday markets to its participants. 330 companies from 20 countries trade on the exchange. The Nord Pool Spot group has offices in Oslo, Helsinki, Stockholm, Fredericia (Denmark), Tallinn and London. Nord Pool Spot is owned by the Nordic transmission system operators. In 2009 the group had a turnover of 288 TWh representing a value of EUR 10.8 billion.
Lysaker, 1 October 2010 12:45 CET
Link to report by Nord Pool SpotAbout Nord Pool Spot
For further information, please contact Nord Pool Spot:
Siw Hauge, director communications, phone + 47 90 61 59 92