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CHAPTER 5: WIND POWER AT THE SPOT MARKET
Introduction
In a number of countries, wind power now has an increasing share of total power production. This applies particularly to countries such as Denmark, Spain and Germany, where the share of wind in terms of total power supply are currently 21 per cent, 12 per cent and 7 per cent respectively. In these cases, wind power is becoming an important player at the power market and such high shares can significantly influence prices.
Different power market designs have a significant influence on the integration of wind power. In the following section, short descriptions of the most important market designs within the increasingly liberalised European power industry are presented, as well as more detailed descriptions of spot and balancing markets. Finally, the impacts of Danish wind power on the Scandinavian power exchange, NordPool’s Elspot, which comprises Denmark, Norway, Sweden and Finland, are discussed in more detail.
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