The impact of wind power on electricity market competition in the Baltic countries

Alessio Coccia, Anahita Farsaei, Sanna Syri

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

Abstract

During 2010-2013, Baltic Countries (Estonia, Latvia, Lithuania), deregulated their power markets and joined the Nord-Pool market. Today, major share of electricity in Baltic countries is produced from fossil fuels. Over the past years, the increasing penetration of renewable energy systems intensified in order to meet the European targets. In particular, installing wind power dramatically rises as a result of a great potential in Northern Europe. This paper attempts to provide an overview of the possible impacts of growing wind power on market power potential in Baltic countries' electricity market. The Herfindahl-Hirschman Index (HHI), which is a common measure of market concentration, is chosen to conduct this exploratory study. HHI index trend in Baltic over the years is evaluated and compared with the rise of wind power. The results show how Baltic area is a highly concentrated marketplace, but wind power is partly changing this.

Original languageEnglish
Title of host publication2020 17th International Conference on the European Energy Market, EEM 2020
PublisherIEEE Computer Society
ISBN (Electronic)9781728169194
DOIs
Publication statusPublished - Sep 2020
MoE publication typeA4 Article in a conference publication
EventInternational Conference on the European Energy Market - Stockholm, Sweden
Duration: 16 Sep 202018 Sep 2020
Conference number: 17

Publication series

NameInternational Conference on the European Energy Market, EEM
Volume2020-September
ISSN (Print)2165-4077
ISSN (Electronic)2165-4093

Conference

ConferenceInternational Conference on the European Energy Market
Abbreviated titleEEM
Country/TerritorySweden
CityStockholm
Period16/09/202018/09/2020

Keywords

  • Electricity market
  • Herfindahl-Hirschman Index
  • market power
  • wind power

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