In a liberalised electricity market, such as is the case for the Nordic countries, electricity production levels and prices are determined via a market statement based on supply and demand bids provided by electricity producers and suppliers, and the major electricity consumers. In the case of electricity producers, an effective bidding strategy requires a thorough and comprehensive analysis of their own production systems, agreed market obligations, and forecasts of future developments in the power system.
Renewable energy Market, economy and policy
The management of water and energy resources is practised by public authorities at municipal, regional and national levels. In special cases, clarification may be required in addition to what is usually needed in more normal management processes. There may be a need for the assistance of experts with special qualifications with regard to a certain method or issue, or with experience from the water system in question.
Power systems and power markets in continental Europe are undergoing rapid growth. Nordic market players and system operators are currently facing key investment decisions linked to opportunities for enhanced flexibility in the production system (power output expansion and pumping) and an increase in the number of transmission cables serving Europe.
On the basis of our experience from developments in the Nordic energy market, which is one of the first efficient markets of its type, we provide analyses for a society in a constant state of change. We generate scenarios for a future Nordic and European energy system, taking the energy sector's "green" revolution into account. The scenarios are based on a large-scale integration of renewable energy sources and will enable our clients to achieve reductions in greenhouse gas emissions. This is the basis for identifying future challenges and for arriving at systems that will facilitate the achievement of an efficient and sustainable energy market, and energy systems, for the future.
The spot market is by far the largest market for the physical supply of electrical power. The spot market is a day-ahead market, but there are also markets that trade on an intra-day basis for the supply of reserves and balancing power, and for trading in bilateral contracts. The intention is that, within the electrical power system, trading in all these markets shall be linked together as part of the same production and transmission system. This requires multi-market planning.
On the power exchange Nord Pool power prices are calculated every hour in different areas on daily basis. Through Nordel transmission system operators in Scandinavia are cooperating closely, and there exists a common market for balancing services during operations.
VALUMICS - Understanding food value chain and network dynamics
The overall objective of the VALUMICS project is to provide decision makers throughout food value chains with a comprehensive suite of approaches and tools that will enable them to evaluate the impact of strategic and operational policies to enhance the resilience, integrity and sustainability of food value chains for European countries.
SuperSmart aims to achieve both decisive environmental benefits through a fast implementation of efficient heating and cooling solutions, as well as significant economic benefits through reduced energy use in the supermarket sector all across Europe.
Accelerating a shift towards deployment of CCS in Europe through a cross-border CO2 transport infrastructure
The role of fossil fuels and CCS in a cleaner transport system
In short, a possible solution for hydrogen production for cars could be to use fossil fuels. We will tell you why and how!
EU Parliament hearing: A good day for Carbon Capture and Storage in Europe
Thursday 12 November was an important and encouraging day for Carbon Capture and Storage (CCS) in Europe.
SINTEF Energy Lab opening
2. September HRH The Crown Prince Haakon Magnus opened our new SINTEF Energy Lab.