Balancing trade-offs in Nordic smart local energy systems: multi
Smart local energy systems (SLESs) can advance the transition towards sustainable energy. However, their multi-sector and multi-stakeholder composition demands advanced planning
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Smart local energy systems (SLESs) can advance the transition towards sustainable energy. However, their multi-sector and multi-stakeholder composition demands advanced planning
Presents our annual projections for wholesale electricity prices out to 2060 for our three internally consistent scenarios (High, Central and Low). AFRY''s modelling of the Nordic countries includes 20
We will analyse the balancing costs – defined as the spread between the Day-ahead Price and the Imbalance Price – beyond simply identifying the
Despite the high number of negatively priced hours, the average negative price for the Nordics is substantially less negative than for Germany and the Netherlands.
tic energy needs and have the potential to further export significant amounts of renewable energy at a low cost (Figure 3). For instance, the analysis suggests that the US and China, currently the top two
In recent years, we have seen growing dissatisfaction in the Nordic countries due to rising price differences regionally within the countries, graph 1 shows clearly why
Nordic Energy Research is an institution under the Nordic Council of Ministers which manages and finances international research programs and projects that add value to national work in the Nordic
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The System Price is an unconstrained market clearing reference price for the Nordic region. The calculation is based on the same aggregated and anonymized orderbooks (OBK) for each of the
In addition, shared energy storage resources can result in lower costs than single-actor models, signaling the effectiveness of multi-actor investments . In support of these goals, smart
Hybrid Renewable Energy Systems (HRESs) are a practical solution for providing reliable, low-carbon electricity to off-grid and remote communities.
Second, we investigate the cost levels at which different RES, energy conversion, and energy storage technologies become feasible to invest in a Nordic SLES. The presumption is that
Price differences arises due to congestion in the network. This price difference multiplied by the exchanged volume gives the congestion income to TSOs.
Tracking Nordic Clean Energy Scenarios 2024 highlights the Nordic countries'' shared commitment to achieving carbon neutrality through ambitious energy transitions. The report reflects on significant
Nordic Energy Markets - Insight Report January 2026 Increasing North-South divide in the Nordic Energy Markets January 2026. New price caps in Norway, Sweden,
The presentation provides an overview of the launch of EEX Nordic Zonal Futures, outlining their benefits for area price hedging, improved liquidity, and early market
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Nodal pricing: The price at each node reflects the locational value of energy (incremental cost of serving one additional MW of load at each location subject to system constraints), including the cost of the
Merchant renewables have become bankable, fostering a self-reinforcing cycle of investment within the Nordic countries'' renewable energy
EEX Nordic Power Markets EEX''s Nordic power product portfolio consists of System Price futures as well as zonal futures for all Nordic bidding zones, enabling
The Nordic countries generate the vast majority of their energy through renewable energy resources. They enjoy extended sunshine in the summer months and moderate to high wind speeds throughout
The objective of the project is to improve the competitiveness of the local stakeholders by providing clean and affordable electricity to the participants and by helping them to meet their greenhouse gas
The Nordic power sector, a global clean energy leader, faces new challenges as it enters the next phase of energy transition. Discover how the
This research delivers a comprehensive analysis of Hybrid Renewable Energy Systems (HRES) adoption on European islands, addressing the complex interplay between island-specific
Change in Import/Export As a result of introducing flow-based capacity calculation in the Nordic region, the flows (in the EPR) on the external borders (those between the Nordic region and rest of the
This approach leads to lower electricity prices, enhanced system resilience, reduced volatility, and improved sustainability, positioning the Nordics for a competitive and environmentally friendly energy
The Nordic electricity market is one of the world''s most renewable-heavy grids. Explore how Norway, Sweden, Finland and Denmark manage hydro, wind and cross-border trading in 2026.
Nord Pool runs the leading power market in Europe, offering day-ahead and intraday markets to our customers. Trade power with us in 16 countries and benefit from
Tracking Nordic Clean Energy Scenarios 2024 highlights the Nordic countries'' shared commitment to achieving carbon neutrality through ambitious energy transitions. The report reflects on significant