4 ms·

Can someone outside the Nordics actually buy/consume that power or is this restricted by the transmission system? What impact does this have on spot prices els

• jakewins 2y ago
  The EU price is settled in a single daily mixed-integer quadratic solver run, so the prices directly affect each other when the solver runs. The goal is to reach a singular price across the system, theoretically, but like you say that becomes impossible due to transmission congestion. Either way: These low prices will be driving down prices across the continent, the algorithm will maximize export from these low-cost areas as much as it possibly can; that way the entire continent benefits from the windy weather over the baltic. The algorithm is documented here: https://www.nordpoolgroup.com/globalassets/download-center/single-day-ahead-coupling/euphemia-public-description.pdf https://www.nordpoolgroup.com/globalassets/download-center/s...