Based on a very simplified model of a common electricity market for Sweden and D
ID: 1147113 • Letter: B
Question
Based on a very simplified model of a common electricity market for Sweden and Denmark. IN Sweden has 60 TWh of hydropower available (production cost 30-40 SEK / MWh) and 50 TWh of nuclear power (70-80 SEK / MWh). Consumption in Sweden is 100 TWh. In Denmark there is only 20 TWh carbon condensate (210-250 SEK / MWh) and consumption is 20 TWh. Suppose there is perfect competition, that all actors have perfect information, and that there are no magazine restrictions or power limitations in power plants. The variable production costs are assumed to be linear within the specified intervals; production is zero then the price is at the lowest level and production is maximum production at the higher price level. What electricity price will you receive in the two countries and how much will be traded between Sweden and Denmark?
Explanation / Answer
Sweden were investigated and compared with the technical flexibility of Fortum Heat. The variations were found to ..... electricity price from 0-99999 SEK/MWh to obtain a maximum production and consumption. 2.4 Time Line.
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