30
FB external report for w4, 2017 Contents of the report Subject Page Comments 1 Market analysis 2 Socio-economical welfare 3-5 Cross-border capacities 6-12 Congestion rent 13 Non-intuitive flow 14 Net positions 15-16 Prices 17-20 System Price 21 Border flows 22-28 Power system impact analysis 29-30 Comments Highlights Known errors Missing hours On the 24th of Janury there is a loss in SEW for both the Nordics and external markets, this is due to remedial actions that were considered in NTC and not in FB. There would have been a need for modification in the CNE's to solve this issue which has not been done. In parallel run and after go-live FB and NTC would have access to the same remedial actions, which means that this result for the few hours is not representative of the result in go-live. Some hours are missing in the weekly simulations. This can be due to different issues: -The input data for this hour was not available. -They were differences in the available input data for NTC and FB, which made the comparison between the two impossible. These missing hours appear either as zero values or gaps in the figures of this report. The week 4 of 2017 was characterised by high demand in the Nordics. The total socio-economic welfare increases slightly in the area, however, the differences between the flow-based and NTC method were quite small. The difference were due to the higher gain in total producer surplus than loss in the total consumer surplus in the area. The total congestion rent also increases slightly during this week. 1

FB external report for w4, 2017 · 2018. 10. 3. · The week 4 of 2017 was characterised by high demand in the Nordics. The total socio-economic welfare increases slightly in the

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  • FB external report for w4, 2017

    Contents of the reportSubject Page

    Comments 1

    Market analysis 2

    Socio-economical welfare 3-5

    Cross-border capacities 6-12

    Congestion rent 13

    Non-intuitive flow 14

    Net positions 15-16

    Prices 17-20

    System Price 21

    Border flows 22-28

    Power system impact analysis 29-30

    CommentsHighlights

    Known errors

    Missing hours

    On the 24th of Janury there is a loss in SEW for both the Nordics and external markets, this is due to remedial actions that were considered in NTC and not in FB. There would have been a need for modification in the CNE's to solve this issue which has not been done. In parallel run and after go-live FB and NTC would have access to the same remedial actions, which means that this result for the few hours is not representative of the result in go-live.

    Some hours are missing in the weekly simulations. This can be due to different issues: -The input data for this hour was not available. -They were differences in the available input data for NTC and FB, which made the comparison between the two impossible. These missing hours appear either as zero values or gaps in the figures of this report.

    The week 4 of 2017 was characterised by high demand in the Nordics. The total socio-economic welfare increases slightly in the area, however, the differences between the flow-based and NTC method were quite small. The difference were due to the higher gain in total producer surplus than loss in the total consumer surplus in the area. The total congestion rent also increases slightly during this week.

    1

  • Market analysis

    Nordic

    Denmark

    Norway

    Finland

    Sweden

    The week 4 of 2017 was characterised by high demand in the

    Nordics. The total socio-economic welfare increases slightly in the

    area, however, the differences between the flow-based and NTC

    method were quite small. The difference were due to the higher

    gain in total producer surplus than loss in the total consumer

    surplus in the area. The total congestion rent also increases slightly

    during this week.

    The social economic welfare decreases slightly in Denmark this

    week. Most of the negative welfare resulted from increased prices

    in Denmark on the first half of the week. This resulted in a higher

    loss in consumer surplus and congestion rent than the gain in

    produced surplus.

    The social economic welfare increases in Norway this week. This is

    due to increased domains in the interconnectors in the flow-based

    method. The flows within Norway and to the neighbouring price

    areas increased which resulted in a higher increase in producer

    surplus and congestion rent in Norway than the loss in consumer

    surplus.

    The socie-economic welfare decreases slightly this week. This is

    mainly due to price variations on the 24th of January but resulted

    in a small net gain for producers but a bit higher net loss for

    consumers.

    The total socio-economic welfare is quite the same in Sweden with

    both methods. There is a small gain in total social welfare with the

    flow-based method which is due to the gain in producer surplus

    surpassing the loss in congestion rent and consumer surplus.

    Summary of market analysis

    2

  • Socio-economical welfareThe socio-economical welfare, i.e. the sum of consumer surplus, producer surplus and congestion rent, for Flow Based (FB) compared to Net Transfer Capacity (NTC) are shown in the following charts.

    The weekly socio-economical welfare per day and in total are shown in the following charts.

    -1.0

    -0.5

    0.0

    0.5

    1.0

    DK NO SE FIN

    FB-NTC

    M€

    Nordic socio-economic per stakeholder and country

    Congestion rent Producer surplus

    Consumer surplus -60

    -40

    -20

    0

    20

    40

    60

    80

    100

    DK NO SE FIN

    FB-NTCk€

    Total Nordic socio-economic welfare per country

    -0.3

    -0.2

    -0.1

    0.0

    0.1

    0.2

    0.3

    0.4

    FB-NTC

    M€

    External socio-economic welfare per stakeholder

    Congestion rent Producer surplus

    Consumer surplus0

    10

    20

    30

    40

    50

    60

    70

    FB-NTC

    k€

    Total External socio-economic welfare

    3

  • The weekly socio-economical welfare per day and in total are shown in the following charts.

    The hourly socio-economical welfare for each country are shown in the following charts.

    -1.5

    -1

    -0.5

    0

    0.5

    1

    1.52

    01

    7-0

    1-2

    3

    20

    17

    -01

    -24

    20

    17

    -01

    -25

    20

    17

    -01

    -26

    20

    17

    -01

    -27

    20

    17

    -01

    -28

    20

    17

    -01

    -29

    FB-NTC

    M€

    Nordic socio-economic welfare per stakeholder and day

    Congestion rent Producer surplus Consumer surplus

    -1.5

    -1

    -0.5

    0

    0.5

    1

    1.5

    FB-NTC

    M€

    …and in total

    -40

    -30

    -20

    -10

    0

    10

    20

    30

    20

    17

    -01

    -23

    20

    17

    -01

    -24

    20

    17

    -01

    -25

    20

    17

    -01

    -26

    20

    17

    -01

    -27

    20

    17

    -01

    -28

    20

    17

    -01

    -29

    FB-NTC

    k€

    Total Nordic socio-economic welfare per day

    0

    5

    10

    15

    20

    25

    30

    35

    FB-NTC

    k€

    ...and in total

    -0.4

    -0.2

    0

    0.2

    0.4

    20

    17

    -01

    -2

    3

    20

    17

    -01

    -2

    4

    20

    17

    -01

    -2

    5

    20

    17

    -01

    -2

    6

    20

    17

    -01

    -2

    7

    20

    17

    -01

    -2

    8

    20

    17

    -01

    -2

    9

    FB-NTC

    M€

    External socio-economic welfare per stakeholder and day

    Congestion rent Producer surplus Consumer surplus

    -0.3

    -0.2

    -0.1

    0

    0.1

    0.2

    0.3

    0.4

    FB-NTC

    M€

    ...and in total

    -30-20-10

    010203040

    20

    17

    -01

    -23

    20

    17

    -01

    -24

    20

    17

    -01

    -25

    20

    17

    -01

    -26

    20

    17

    -01

    -27

    20

    17

    -01

    -28

    20

    17

    -01

    -29

    FB-NTC

    k€

    Total External socio-economic welfare per day

    0

    10

    20

    30

    40

    50

    60

    FB-NTC

    k€

    …and in total

    4

  • The hourly socio-economical welfare for each country are shown in the following charts.

    -5

    -3

    -1

    1

    3

    5

    7

    -40

    -20

    0

    20

    40

    60

    0 5 101520 1 6 111621 2 7 121722 3 8 131823 4 9 1419 0 5 101520 1 6 111621

    2017-01-23 2017-01-24 2017-01-25 2017-01-26 2017-01-27 2017-01-28 2017-01-29

    FB-NTC

    Sum

    k€

    SEW

    per

    sta

    keh

    old

    er k

    € Denmark, socio-economic welfare per stakeholder and hour

    Congestion rent Producer surplus Consumer surplus Sum

    -10

    -5

    0

    5

    10

    -30

    -20

    -10

    0

    10

    20

    30

    40

    0 5 101520 1 6 111621 2 7 121722 3 8 131823 4 9 1419 0 5 101520 1 6 111621

    2017-01-23 2017-01-24 2017-01-25 2017-01-26 2017-01-27 2017-01-28 2017-01-29

    FB-NTC

    Sum

    k€

    SEW

    per

    sta

    keh

    old

    er k

    € Finland, socio-economic welfare per stakeholder and hour

    Congestion rent Producer surplus Consumer surplus Sum

    -15

    -10

    -5

    0

    5

    10

    15

    -80

    -30

    20

    70

    0 5 101520 1 6 111621 2 7 121722 3 8 131823 4 9 1419 0 5 101520 1 6 111621

    2017-01-23 2017-01-24 2017-01-25 2017-01-26 2017-01-27 2017-01-28 2017-01-29

    FB-NTC

    Sum

    k€

    SEW

    per

    sta

    keh

    old

    er k

    € Norway, socio-economic welfare per stakeholder and hour

    Congestion rent Producer surplus Consumer surplus Sum

    -20

    -10

    0

    10

    20

    -150

    -100

    -50

    0

    50

    100

    150

    0 5 101520 1 6 111621 2 7 121722 3 8 131823 4 9 1419 0 5 101520 1 6 111621

    2017-01-23 2017-01-24 2017-01-25 2017-01-26 2017-01-27 2017-01-28 2017-01-29

    FB-NTC

    Sum

    k€

    SEW

    per

    sta

    keh

    old

    er k

    € Sweden, socio-economic welfare per stakeholder and hour

    Congestion rent Producer surplus Consumer surplus Sum

    5

  • Maximum cross-border flows

    -2000

    -1500

    -1000

    -500

    0

    500

    1000

    1500

    MW

    h/h

    DK1-DE border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    -1000

    -500

    0

    500

    1000

    MW

    h/h

    DK1-SE3 border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    -2000

    -1000

    0

    1000

    2000

    Mw

    h/h

    DK1-NO2 border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    -1000

    -500

    0

    500

    1000

    Mw

    h/h

    DK1-DK2 border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    The graphs below show the maximum cross-border flows with FB and NTC. The maximum cross-border flows with FB are computed considering all CNE constraints. The maximum cross-border flows with NTC can differ from the actual cross-border NTC capacities due for example loop flows. When orange lines (FB) are not visible, maximum cross-border flows with FB are equal to that with NTC.

    6

  • -1000

    -500

    0

    500

    1000

    Mw

    h/h

    DK2-DE border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    -2000

    -1000

    0

    1000

    2000

    Mw

    h/h

    DK2-SE4 border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    -1500

    -1000

    -500

    0

    500

    1000

    1500

    Mw

    h/h

    FIN-EE border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    7

  • -2000

    -1000

    0

    1000

    2000

    Mw

    h/h

    FIN-SE1 border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    -6000

    -4000

    -2000

    0

    2000

    4000

    Mw

    h/h

    NO1-NO2 border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    -6000

    -4000

    -2000

    0

    2000

    4000

    Mw

    h/h

    NO1-NO5 border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    -1500

    -1000

    -500

    0

    500

    1000

    1500

    Mw

    h/h

    FIN-SE3 border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    8

  • -1000

    -500

    0

    500

    1000

    Mw

    h/h

    NO2-NL border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    -4000

    -2000

    0

    2000

    4000

    Mw

    h/h

    NO2-NO5 border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    -4000

    -2000

    0

    2000

    4000

    Mw

    h/h

    NO1-SE3 border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    -1500

    -1000

    -500

    0

    500

    1000

    1500

    Mw

    h/h

    NO1-NO3 border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    9

  • -2000

    -1500

    -1000

    -500

    0

    500

    1000

    1500

    Mw

    h/h

    NO3-NO4 border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    -2000

    -1000

    0

    1000

    2000

    Mw

    h/h

    NO3-SE2 border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    -1500

    -1000

    -500

    0

    500

    1000

    1500

    Mw

    h/h

    NO4-SE1 border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    -4000

    -2000

    0

    2000

    4000

    Mw

    h/h

    NO3-NO5 border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    10

  • -600

    -400

    -200

    0

    200

    400

    600

    Mw

    h/h

    NO4-SE2 border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    -10000

    -5000

    0

    5000

    10000

    Mw

    h/h

    SE2-SE3 border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    -4000

    -2000

    0

    2000

    4000

    6000

    Mw

    h/h

    SE3-SE4 border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    -6000

    -4000

    -2000

    0

    2000

    4000

    6000

    Mw

    h/h

    SE1-SE2 border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    11

  • -1000

    -500

    0

    500

    1000

    Mw

    h/h

    SE4-DE border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    -1000

    -500

    0

    500

    1000

    Mw

    h/h

    SE4-PL border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    -1000

    -500

    0

    500

    1000

    Mw

    h/h

    SE4-LT border

    Max flow with FB Min flow with FB Max flow with NTC Min flow with NTC

    12

  • Congestion rentThe total congestion rent, i.e. the product of flow volume and price difference, per border is shown in the following chart. Some borders are experience negative congestion rent with Flow Based due to non-intuitive netflows from a higher priced bidding area to a lower priced bidding area. A decrease in congestion rent is due to less border flow and/or smaller price area difference.

    -2.0 0.0 2.0 4.0 6.0 8.0 10.0

    BE > FR

    DE > DK1

    DE > FR

    DE > SE4

    DK1 > DK2

    DK1 > SE3

    DK1A > SE3

    EE > ERI

    EE > LV

    FIN > NO4

    FIN > SE3

    GB1 > GB2

    LBE > LT

    LRE > LV

    LT > LV

    LT > SE4

    NO1 > NO1A

    NO1 > NO3

    NO1 > SE3

    NO1A > NO5

    NO3 > NO4

    NO3 > SE2

    NO4 > SE2

    PLA > SE4

    SE2 > SE3

    NO1 > NO4

    M€

    FB NTC

    13

  • Non-intuitive flowThe number of hours with "non-intuitive flow", i.e. hours with flow from a high priced area to a low priced area, and the sum of the resulting negative congestion rent is shown in the following diagram.

    0 0 1 0 9

    34

    103

    11

    25

    0

    16

    1

    57

    1 2

    98

    3 0

    28

    6 0 0 0

    115 105

    93

    0

    2

    4

    6

    8

    10

    12

    0

    20

    40

    60

    80

    100

    120

    140

    DE

    > D

    K1

    DE

    > D

    K2

    DE

    > SE

    4

    DK

    1 >

    DK

    2

    DK

    1 >

    NO

    2

    DK

    1 >

    SE3

    DK

    2 >

    SE4

    FIN

    > N

    O4

    FIN

    > S

    E1

    FIN

    > S

    E3

    LT >

    SE4

    NL

    > N

    O2

    NO

    1 >

    NO

    2

    NO

    1 >

    NO

    3

    NO

    1 >

    NO

    5

    NO

    1 >

    SE3

    NO

    2 >

    NO

    5

    NO

    3 >

    NO

    4

    NO

    3 >

    NO

    5

    NO

    3 >

    SE2

    NO

    4 >

    SE1

    NO

    4 >

    SE2

    PL

    > SE

    4

    SE1

    > S

    E2

    SE2

    > S

    E3

    SE3

    > S

    E4

    k€/w

    ee

    k

    h/w

    ee

    k

    Hours with non-intuitive flow and sum of negative congestion rent per border

    Number of hours with non-intuitive flows Sum negative congestion rent

    0

    1

    2

    3

    4

    5

    6

    7

    8

    9

    10

    0 5 10 15 20 1 6 11 16 21 2 7 12 17 22 3 8 13 18 23 4 9 14 19 0 5 10 15 20 1 6 11 16 21

    2017-01-23 2017-01-28 2017-01-26 2017-01-24 2017-01-29 2017-01-27 2017-01-25

    Number of Nordic borders with non-intuitive flow per hour

    14

  • Nordic net position

    01000200030004000

    0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218

    2017-01-23

    2017-01-24

    2017-01-25

    2017-01-26

    2017-01-27

    2017-01-28

    2017-01-29

    MW

    h/h

    Nordic net position per hour

    FB NTC

    0

    200

    400

    600

    Nordics

    GW

    h

    …and in total

    FB NTC

    -4000-3000-2000-1000

    0

    0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218

    2017-01-23

    2017-01-24

    2017-01-25

    2017-01-26

    2017-01-27

    2017-01-28

    2017-01-29

    MW

    h/h

    External net position per hour

    FB NTC

    -400

    -300

    -200

    -100

    0

    External

    GW

    h

    ...and in total

    FB NTC

    The Nordic and External countries daily average net position, i.e. the netted sum of electricity export and import for each market time period ,is shown in the following charts along with the change of buy and sell volymes.

    -10

    -5

    0

    5

    DK NO SE FIN

    GW

    h

    Nordic buy and sell volume per country

    Buy volume FB-NTC Sell volume FB-NTC

    15 000

    15 050

    15 100

    15 150

    15 200

    GW

    h

    Buy volume of FB compared to CNTC, External

    Buy volume FB-NTC Sell volume FB-NTC

    15

  • -3000

    -2000

    -1000

    0

    1000

    2000

    0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218

    2017-01-23

    2017-01-24

    2017-01-25

    2017-01-26

    2017-01-27

    2017-01-28

    2017-01-29

    MW

    h/h

    Denmark, net position per hour

    FB NTC

    0200040006000

    0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218

    2017-01-23

    2017-01-24

    2017-01-25

    2017-01-26

    2017-01-27

    2017-01-28

    2017-01-29

    MW

    h/h

    Sweden, net position per hour

    FB NTC

    -20000

    200040006000

    0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218

    2017-01-23

    2017-01-24

    2017-01-25

    2017-01-26

    2017-01-27

    2017-01-28

    2017-01-29

    MW

    h/h

    Norway, net position per hour

    FB NTC

    -4000

    -3000

    -2000

    -1000

    0

    0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218

    2017-01-23

    2017-01-24

    2017-01-25

    2017-01-26

    2017-01-27

    2017-01-28

    2017-01-29

    MW

    h/h

    Finland, net position per hour

    FB NTC

    -69

    -69

    -69

    -69

    -68

    Denmark

    GW

    h

    …and in total

    FB NTC

    372

    374

    376

    378

    380

    Sweden

    GW

    h

    …and in total

    FB NTC

    290292294296298300

    Norway

    GW

    h

    …and in total

    FB NTC

    -223

    -222

    -221

    -220

    Finland

    GW

    h

    …and in total

    FB NTC

    The hourly average net position per Nordic country is shown in the following charts .

    16

  • Unique prices and price difference

    0

    5

    10

    15

    0 6 12 18 0 6 12 18 0 6 12 18 0 6 12 18 0 6 12 18 0 6 12 18 0 6 12 18

    2017-01-23

    2017-01-28

    2017-01-26

    2017-01-24

    2017-01-29

    2017-01-27

    2017-01-25

    Number of Nordic bidding areas with unique price

    FB NTC

    0

    20

    40

    60

    0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218

    2017-01-23

    2017-01-28

    2017-01-26

    2017-01-24

    2017-01-29

    2017-01-27

    2017-01-25

    €/M

    Wh

    Nordic hourly prices

    FB NTC

    0

    50

    €/M

    Wh

    …and in average

    FB NTC

    The average number of Nordic bidding areas with unique hourly prices, and the price area difference is shown in the following charts. The number of uniquely priced bidding areas is increasing with FB but the average price differences between the bidding areas are lower in FB compared to NTC. In the shatter diagram below the price with FB and the price with NTC for each hour are plotted. The straight line represent the outcome if FB-price would be equal NTC-price. The plotted prices show more frequent above the straight line which indicates a decreased electricity price with Flow Base.

    0

    10

    …and in average

    FB NTC

    17

    22

    27

    32

    37

    17 22 27 32 37

    NTC

    , €/M

    Wh

    FB, €/MWh

    Lower price difference with FB

    Lower price difference with NTC

    17

  • Area PriceThe hourly area price for FB and NTC for each Nordic bidding area are shown in the following charts.

    0.0

    50.0

    100.0

    0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218

    2017-01-23

    2017-01-28

    2017-01-26

    2017-01-24

    2017-01-29

    2017-01-27

    2017-01-25

    €/M

    Wh

    DK2, hourly prices

    FB DK2 NTC DK2

    0.020.040.060.080.0

    0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218

    2017-01-23

    2017-01-28

    2017-01-26

    2017-01-24

    2017-01-29

    2017-01-27

    2017-01-25

    €/M

    Wh

    FIN, hourly prices

    FB FIN NTC FIN

    0.020.040.060.0

    0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218

    2017-01-23

    2017-01-28

    2017-01-26

    2017-01-24

    2017-01-29

    2017-01-27

    2017-01-25

    €/M

    Wh

    NO1, hourly prices

    FB NO1 NTC NO1

    0

    20

    40

    €/M

    Wh

    …and in average

    FB DK2 NTC DK2

    0

    20

    40

    €/M

    Wh

    …and in average

    FB FIN NTC FIN

    0

    20

    40

    €/M

    Wh

    …and in average

    FB NO1 NTC NO1

    0.020.040.060.0

    0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218

    2017-01-23

    2017-01-28

    2017-01-26

    2017-01-24

    2017-01-29

    2017-01-27

    2017-01-25

    €/M

    Wh

    DK1 hourly prices

    FB DK1 NTC DK1

    0

    20

    40

    €/M

    Wh

    …and in average

    FB DK1 NTC DK1

    18

  • 0.020.040.060.0

    0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218

    2017-01-23

    2017-01-28

    2017-01-26

    2017-01-24

    2017-01-29

    2017-01-27

    2017-01-25

    €/M

    Wh

    NO2, hourly prices

    FB NO2 NTC NO2

    0.020.040.060.0

    0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218

    2017-01-23

    2017-01-28

    2017-01-26

    2017-01-24

    2017-01-29

    2017-01-27

    2017-01-25

    €/M

    Wh

    NO3, hourly prices

    FB NO3 NTC NO3

    0.010.020.030.040.0

    0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218

    2017-01-23

    2017-01-28

    2017-01-26

    2017-01-24

    2017-01-29

    2017-01-27

    2017-01-25

    €/M

    Wh

    NO4, hourly prices

    FB NO4 NTC NO4

    20.025.030.035.0

    0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218

    2017-01-23

    2017-01-28

    2017-01-26

    2017-01-24

    2017-01-29

    2017-01-27

    2017-01-25

    €/M

    Wh

    NO5, hourly prices

    FB NO5 NTC NO5

    0

    20

    40

    €/M

    Wh

    …and in average

    FB NO2 NTC NO2

    0

    20

    40

    €/M

    Wh

    …and in average

    FB NO3 NTC NO3

    0

    20

    40

    €/M

    Wh

    …and in average

    FB NO4 NTC NO4

    0

    20

    40

    €/M

    Wh

    …and in average

    FB NO5 NTC NO5

    19

  • 0.020.040.060.0

    0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218

    2017-01-23

    2017-01-28

    2017-01-26

    2017-01-24

    2017-01-29

    2017-01-27

    2017-01-25

    €/M

    Wh

    SE1, hourly prices

    FB SE1 NTC SE1

    0.020.040.060.0

    0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218

    2017-01-23

    2017-01-28

    2017-01-26

    2017-01-24

    2017-01-29

    2017-01-27

    2017-01-25

    €/M

    Wh

    SE2, hourly prices

    FB SE2 NTC SE2

    0

    20

    40

    €/M

    Wh

    …and in average

    FB SE1 NTC SE1

    0

    20

    40

    €/M

    Wh

    …and in average

    FB SE2 NTC SE2

    0.020.040.060.0

    0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218

    2017-01-23

    2017-01-28

    2017-01-26

    2017-01-24

    2017-01-29

    2017-01-27

    2017-01-25

    €/M

    Wh

    SE3, hourly prices

    FB SE3 NTC SE3

    0

    20

    40

    €/M

    Wh

    …and in average

    FB SE3 NTC SE3

    0.0

    50.0

    100.0

    0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218 0 6 1218

    2017-01-23

    2017-01-28

    2017-01-26

    2017-01-24

    2017-01-29

    2017-01-27

    2017-01-25

    €/M

    Wh

    SE4, hourly prices

    FB SE4 NTC SE4

    0.00

    20.00

    40.00

    €/M

    Wh

    …and in average

    FB SE4 NTC SE4

    20

  • System priceThe Nordic system price is calculated without network constraints within the Nordic area, i.e. copper plate. In the parallel simulations of FB and NTC the Nordic system price is not calculated. The different modelling approach can though have an impact of system price due to different allocation of capacity to the interconnectors between the Nordics countries and the rest of Europe. The system price is calculated locally at Nord Pool after PCR, area price calculation. Calculated flows between the Nordics and the Netherlands/Germany are taken into account as either price independent import or as price independent export for NO2, DK1, DK2 and SE4. System price calculation has a different area configuration compared to areas price calculation. Norway, Denmark, Sweden and Finland constitute one bidding are. Baltic countries and Poland are configured as one area each, just as when calculating area prices. Between the Nordic region and the Baltic region + Poland the same capacities as in the PCR, area price calculation, are used when calculating the system price.

    0 500 1000 1500 2000

    DK1 -> DE

    DK1 SE4

    DK2 EE

    FI NL

    NO2 DE

    DE -> SE4

    SE4 -> LT

    LT -> SE4

    PL - > SE4

    SE4 -> PL

    Capacity [MW]

    Average capacities in and out from the Nordics per interconnector

    Capacity FB

    Capacity NTC

    0

    1000

    2000

    3000

    4000

    5000

    6000

    7000

    NTC FB NTC FB

    Capacityfrom theNordics

    Capacityto the

    Nordics

    Cap

    acit

    y [M

    W]

    …and in total

    21

  • Border flowsThe flow on the borders between bidding areas are shown in the following charts.

    -1000

    -500

    0

    500

    1000

    1 9

    17

    25

    33

    41

    49

    57

    65

    73

    81

    89

    97

    10

    5

    11

    3

    12

    1

    12

    9

    13

    7

    14

    5

    15

    3

    16

    1MW

    h/h

    DK1 > DK2 FB DK1 > DK2 NTC 0

    200

    400

    600

    MW

    h/h

    …and in average

    -2000

    -1500

    -1000

    -500

    0

    500

    1000

    1500

    1 9

    17

    25

    33

    41

    49

    57

    65

    73

    81

    89

    97

    10

    5

    11

    3

    12

    1

    12

    9

    13

    7

    14

    5

    15

    3

    16

    1

    MW

    h/h

    DK1 > NO2 FB DK1 > NO2 NTC -1000

    -500

    0

    MW

    h/h

    …and in average

    -1000

    -500

    0

    500

    1000

    1 9

    17

    25

    33

    41

    49

    57

    65

    73

    81

    89

    97

    10

    5

    11

    3

    12

    1

    12

    9

    13

    7

    14

    5

    15

    3

    16

    1MW

    h/h

    DK1 > SE3 FB DK1 > SE3 NTC -100

    0

    100

    200

    300

    MW

    h/h

    …and in average

    -1500

    -1000

    -500

    0

    1 9

    17

    25

    33

    41

    49

    57

    65

    73

    81

    89

    97

    10

    5

    11

    3

    12

    1

    12

    9

    13

    7

    14

    5

    15

    3

    16

    1

    MW

    h/h

    DK2 > SE4 FB DK2 > SE4 NTC DK2 > SE4 NTC physical -800

    -600

    -400

    -200

    0

    MW

    h/h

    …and in average

    22

  • -200

    -150

    -100

    -50

    0

    50

    100

    1 81

    52

    22

    93

    64

    35

    05

    76

    47

    17

    88

    59

    29

    91

    06

    11

    31

    20

    12

    71

    34

    14

    11

    48

    15

    51

    62

    MW

    h/h

    FIN > NO4 FB FIN > NO4 NTC FIN > NO4 NTC physical -40

    -30

    -20

    -10

    0

    MW

    h/h

    …and in average

    -2000

    -1500

    -1000

    -500

    0

    500

    1000

    1500

    1 9

    17

    25

    33

    41

    49

    57

    65

    73

    81

    89

    97

    10

    5

    11

    3

    12

    1

    12

    9

    13

    7

    14

    5

    15

    3

    16

    1

    MW

    h/h

    FIN > SE1 FB FIN > SE1 NTC FIN > SE1 NTC physical -1500

    -1000

    -500

    0

    MW

    h/h

    …and in average

    -1500

    -1000

    -500

    0

    1 9

    17

    25

    33

    41

    49

    57

    65

    73

    81

    89

    97

    10

    5

    11

    3

    12

    1

    12

    9

    13

    7

    14

    5

    15

    3

    16

    1

    MW

    h/h

    FIN > SE3 FB FIN > SE3 NTC -1500

    -1000

    -500

    0

    MW

    h/h

    …and in average

    -600

    -500

    -400

    -300

    -200

    -100

    0

    1 81

    52

    22

    93

    64

    35

    05

    76

    47

    17

    88

    59

    29

    91

    06

    11

    31

    20

    12

    71

    34

    14

    11

    48

    15

    51

    62

    MW

    h/h

    NL > NO2 FB NL > NO2 NTC NL > NO2 NTC physical -600

    -400

    -200

    0

    MW

    h/h

    …and in average

    23

  • -3000

    -2000

    -1000

    0

    1000

    2000

    1 9

    17

    25

    33

    41

    49

    57

    65

    73

    81

    89

    97

    10

    5

    11

    3

    12

    1

    12

    9

    13

    7

    14

    5

    15

    3

    16

    1

    MW

    h/h

    NO1 > NO2 FB NO1 > NO2 NTC NO1 > NO2 NTC physical -1000

    -500

    0

    MW

    h/h

    …and in average

    -800

    -600

    -400

    -200

    0

    1 81

    52

    22

    93

    64

    35

    05

    76

    47

    17

    88

    59

    29

    91

    06

    11

    31

    20

    12

    71

    34

    14

    11

    48

    15

    51

    62

    MW

    h/h

    NO1 > NO3 FB NO1 > NO3 NTC NO1 > NO3 NTC physical -400

    -300

    -200

    -100

    0

    MW

    h/h

    …and in average

    -4000

    -3000

    -2000

    -1000

    0

    1 9

    17

    25

    33

    41

    49

    57

    65

    73

    81

    89

    97

    10

    5

    11

    3

    12

    1

    12

    9

    13

    7

    14

    5

    15

    3

    16

    1

    MW

    h/h

    NO1 > NO5 FB NO1 > NO5 NTC NO1 > NO5 NTC physical -2000

    -1950

    -1900

    -1850

    -1800

    MW

    h/h

    …and in average

    -800

    -600

    -400

    -200

    0

    200

    1 81

    52

    22

    93

    64

    35

    05

    76

    47

    17

    88

    59

    29

    91

    06

    11

    31

    20

    12

    71

    34

    14

    11

    48

    15

    51

    62

    MW

    h/h

    NO2 > NO5 FB NO2 > NO5 NTC NO2 > NO5 NTC physical -400

    -300

    -200

    -100

    0

    MW

    h/h

    …and in average

    24

  • -400

    -200

    0

    200

    400

    600

    1 81

    52

    22

    93

    64

    35

    05

    76

    47

    17

    88

    59

    29

    91

    06

    11

    31

    20

    12

    71

    34

    14

    11

    48

    15

    51

    62

    MW

    h/h

    NO3 > NO5 FB NO3 > NO5 NTC NO3 > NO5 NTC physical 0

    50

    100

    150

    200

    MW

    h/h

    …and in average

    -1200

    -1000

    -800

    -600

    -400

    -200

    0

    1 9

    17

    25

    33

    41

    49

    57

    65

    73

    81

    89

    97

    10

    5

    11

    3

    12

    1

    12

    9

    13

    7

    14

    5

    15

    3

    16

    1

    MW

    h/h

    NO3 > NO4 FB NO3 > NO4 NTC NO3 > NO4 NTC physical -700

    -650

    -600

    -550

    MW

    h/h

    …and in average

    0

    200

    400

    600

    800

    1 81

    52

    22

    93

    64

    35

    05

    76

    47

    17

    88

    59

    29

    91

    06

    11

    31

    20

    12

    71

    34

    14

    11

    48

    15

    51

    62

    MW

    h/h

    NO3 > SE2 FB NO3 > SE2 NTC NO3 > SE2 NTC physical 0

    200

    400

    600

    MW

    h/h

    …and in average

    0

    200

    400

    600

    800

    1 81

    52

    22

    93

    64

    35

    05

    76

    47

    17

    88

    59

    29

    91

    06

    11

    31

    20

    12

    71

    34

    14

    11

    48

    15

    51

    62

    MW

    h/h

    NO4 > SE1 FB NO4 > SE1 NTC NO4 > SE1 NTC physical 380

    400

    420

    440

    460

    MW

    h/h

    …and in average

    25

  • 0

    50

    100

    150

    200

    250

    300

    1 81

    52

    22

    93

    64

    35

    05

    76

    47

    17

    88

    59

    29

    91

    06

    11

    31

    20

    12

    71

    34

    14

    11

    48

    15

    51

    62

    MW

    h/h

    NO4 > SE2 FB NO4 > SE2 NTC NO4 > SE2 NTC physical 160

    165

    170

    175

    MW

    h/h

    …and in average

    -800

    -600

    -400

    -200

    0

    200

    400

    1 81

    52

    22

    93

    64

    35

    05

    76

    47

    17

    88

    59

    29

    91

    06

    11

    31

    20

    12

    71

    34

    14

    11

    48

    15

    51

    62

    MW

    h/h

    PLA > SE4 FB PLA > SE4 NTC PLA > SE4 NTC physical -400

    -300

    -200

    -100

    0

    MW

    h/h

    …and in average

    0

    500

    1000

    1500

    2000

    2500

    3000

    1 9

    17

    25

    33

    41

    49

    57

    65

    73

    81

    89

    97

    10

    5

    11

    3

    12

    1

    12

    9

    13

    7

    14

    5

    15

    3

    16

    1

    MW

    h/h

    SE1 > SE2 FB SE1 > SE2 NTC SE1 > SE2 NTC physical 0

    500

    1000

    1500

    MW

    h/h

    …and in average

    -1500

    -1000

    -500

    0

    1 9

    17

    25

    33

    41

    49

    57

    65

    73

    81

    89

    97

    10

    5

    11

    3

    12

    1

    12

    9

    13

    7

    14

    5

    15

    3

    16

    1

    MW

    h/h

    DE > DK1 FB DE > DK1 NTC -158.9

    -158.8

    -158.7

    -158.6

    MW

    h/h

    …and in average

    26

  • -800

    -600

    -400

    -200

    0

    1 81

    52

    22

    93

    64

    35

    05

    76

    47

    17

    88

    59

    29

    91

    06

    11

    31

    20

    12

    71

    34

    14

    11

    48

    15

    51

    62

    MW

    h/h

    DE > SE4 FB DE > SE4 NTC -422

    -421.5

    -421

    -420.5

    MW

    h/h

    …and in average

    -800

    -600

    -400

    -200

    0

    1 81

    52

    22

    93

    64

    35

    05

    76

    47

    17

    88

    59

    29

    91

    06

    11

    31

    20

    12

    71

    34

    14

    11

    48

    15

    51

    62

    MW

    h/h

    DE > DK2 FB DE > DK2 NTC -496.9

    -496.8

    -496.7

    -496.6

    MW

    h/h

    …and in average

    0

    2000

    4000

    6000

    8000

    1 9

    17

    25

    33

    41

    49

    57

    65

    73

    81

    89

    97

    10

    5

    11

    3

    12

    1

    12

    9

    13

    7

    14

    5

    15

    3

    16

    1

    MW

    h/h

    SE2 > SE3 FB SE2 > SE3 NTC 4000

    4200

    4400

    4600

    4800

    5000

    MW

    h/h

    …and in average

    0

    1000

    2000

    3000

    4000

    5000

    6000

    1 9

    17

    25

    33

    41

    49

    57

    65

    73

    81

    89

    97

    10

    5

    11

    3

    12

    1

    12

    9

    13

    7

    14

    5

    15

    3

    16

    1

    MW

    h/h

    SE3 > SE4 FB SE3 > SE4 NTC 3850

    3900

    3950

    4000

    MW

    h/h

    …and in average

    27

  • -1000

    -500

    0

    500

    1000

    1 9

    17

    25

    33

    41

    49

    57

    65

    73

    81

    89

    97

    10

    5

    11

    3

    12

    1

    12

    9

    13

    7

    14

    5

    15

    3

    16

    1MW

    h/h

    EE > FIN FB EE > FIN NTC -200

    -150

    -100

    -50

    0

    MW

    h/h

    …and in average

    -800

    -600

    -400

    -200

    0

    200

    1 81

    52

    22

    93

    64

    35

    05

    76

    47

    17

    88

    59

    29

    91

    06

    11

    31

    20

    12

    71

    34

    14

    11

    48

    15

    51

    62

    MW

    h/h

    LT > SE4 FB LT > SE4 NTC -400

    -300

    -200

    -100

    0

    MW

    h/h

    …and in average

    28

  • Power system impact analysis

    0

    2000

    4000

    6000

    8000

    10000

    12000

    14000

    16000

    2017-01-23 2017-01-24 2017-01-25 2017-01-26 2017-01-27 2017-01-28 2017-01-29

    Ove

    rlo

    ads

    [MW

    h/h

    ]

    Sum of CNE overloads systemwide per day

    NTC - Market relevant NTC - Not market relevant

    FB - Market relevant FB - Not market relevant

    0

    50

    100

    150

    200

    250

    300

    2017-01-23 2017-01-24 2017-01-25 2017-01-26 2017-01-27 2017-01-28 2017-01-29

    Max

    ove

    rlo

    ad [

    MW

    h/h

    ]

    Max CNE overloads systemwide per day

    NTC - Market relevant NTC - Not market relevant

    FB - Market relevant FB - Not market relevant

    0

    500

    1000

    1500

    2000

    2500

    3000

    1 5 0 4 8 121620 0 8 131721 1 5 9 131721 1 5 9 131721 1 5 9 131721 1 5 9 131721

    2017-01-232017-01-24 2017-01-25 2017-01-26 2017-01-27 2017-01-28 2017-01-29

    Ove

    rlo

    ads

    [MW

    h/h

    ]

    Sum of CNE overloads systemwide per hour

    Sum of NTC overloads Sum of FB overloads

    29

  • Average welfare gain: 229 k€ Average reduction in overloads: -41 MWh/h

    Median welfare gain: 293 k€ Median reduction in overloads: -43 MWh/h

    -10000

    -5000

    0

    5000

    10000

    15000

    20000

    -600 -400 -200 0 200 400

    Increase in welfare and reduction in overloads

    Hourly results Average Median

    Net reduction in overloads (NTC overloads - FB overloads) [MWh/h]

    Net

    incr

    ease

    in w

    elfa

    re (

    FB w

    elfa

    re -

    NTC

    w

    elf

    are)

    [k€

    ]

    The figure below shows the net increase in welfare against the net reduction in overloads when using FB instead of NTC. Each dot represents one hour of the week addressed in this report. Values in the quadrant A correspond to higher welfare and larger overloads with FB. Values in quadrant B correspond to higher welfare and smaller overloads with FB. Values in the quadrant C correspond to lower welfare and smaller overloads with FB. Values in the quadrant D correspond to lower welfare and larger overloads with FB.

    A B

    C D

    30