Transcript nord pool: facts

ELECTRIC POWER
POOLS
………more slides
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DEVELOPMENT OF
NORDPOOL
1996
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NORD POOL
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NORDPOOL
 Spot
turnover in 2003:
 32%
of total consumption in Norway,
Sweden, Finland and Denmark.
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NORD POOL: FACTS
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NORD POOL WAS THE FIRST POWER EXCHANGE IN THE
WORLD, AND SO FAR THE
ONLY POWER EXCHANGE TO TRADE ACROSS BORDERS
THE SYSTEM PRICE (SPOT PRICE), WHICH IS FIXED FOR EVERY
HOUR, EVERYDAY AT NORD POOL, IS ONLY 1 OF THE 3
ELEMENTS IN THE END-USER PRICE FOR POWER. (IN
ADDITION NET TARIFF AND TAXES)
NORD POOL IS AN EXCHANGE FOR PROFESSIONAL
CUSTOMERS (MARKET PLACE FOR WHOLESALE TRADE IN
POWER)
VALUE OF TRADED AND CLEARED VOLUME THROUGH NORD
POOL 2003: NOK 405 BILLION (EURO 55 BILLION)
THE COMMON NORDIC POWER MARKET IS THE MOST LIQUID
MARKET FOR
POWER IN THE WORLD
FACTS
- ABOUT THE NORDIC POWER MARKET
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NORDPOOL : FACTS
Denmark
Finland
Norway
Sweden
Area, 1000 km2
43
338
324
450
Population, mill.
5,4
5,2
4,5
8,9
GDP per capita, USD
31 889
25 288
42 889
27 000
Installed capacity, MW
12 632
16 866
27 960
32 223
Generation, GWh
37 260
71 938
6 519
16 127
Electricity consumption
per capita, kWh
130 591 143 361
26 871
16 710
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NORD POOL:MARKET
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PHYSICAL MARKET
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ADJUSTMENT MARKET
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AUCTION: PRICED WHERE
HOURLY SUPPLY AND
DEMAND CURVES CROSS, WITH
CONSTRAINT COSTS
INCLUDED
CONTINUOUS, WITH
CONSTRAINT COSTS
INCLUDED (FINLAND AND
SWEDEN)
BALANCE SERVICE
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RUN BY TRANSMISSION
SYSTEM OPERATORS (TSOS)
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WHAT DOES CLEARING
BY NORD POOL MEAN TO MARKET PLAYERS?
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NORD POOL ACTS AS THE
CONTRACTUAL COUNTERPARTY IN
ALL TRADES
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NORD POOL GUARANTEES ALL
FINANCIAL SETTLEMENT, AS WELL
AS PHYSICAL DELIVERY IN THE
ELSPOT POWER MARKET
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EUROPEAN,SOUTH AFRICAN,NORWAY MODEL
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G
T
D
G
+
D
D
G
G
SO
D
D
This model is followed in UK by NGC, in Norway by
Statenett, in Sweden by Svenska Kraftnet, in Finland by
Fingrid, in Netherland by Tennet, in Denmark by
Eltral/Elkrafts and in South Africa by Eskom.
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MALAYSIAN AND KOREAN MODELS
G
G
T
+
D
+
G
SO
This model is followed in Korea by KEPCO and in
Malaysia by TNB. These entities are now in the
process of separating the distribution function from
Transmission & SO functions.
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JAPAN
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PRELIMINARY SEARCH REVEALS JAPAN
HAS PROPOSED A NEUTRAL SYSTEM
ORGANIZATION (NSO)
NSO RUNS POWER EXCHANGE, GIVES
ATCs ETC
UNIQUE EXPERIMENT
VERTICALLY INTEGRATED PRIVATE
UTILITIES
RESTRUCTURING IS IN PROGRESS
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JAPAN MODEL
G
G
T
T
D
D
NSO
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LINK TO MORE MODELS
SIR, PL OPEN IN LAPTOP
C:\KOLKATTA\POWER POOLS
AND ISO .PPT
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