Wind Power Volatility and its Impact on Production Failures in the Nordic Electricity Market

Reprint No. 2017:22

Author(s): Sara Fogelberg and Ewa LazarczykYear: 2017 Title: Renewable Energy Volume (No.): 105 (May) Pages: 96–105
Online article (restrictions may apply)
Preliminary version

Wind power generation of electricity has gained popular support because of its low environmental impact and its low costs relative to other renewable energy sources. However, concerns have been raised in the power sector that wind power generation will come at the price of increased damage to other power generators. Wind power generation is naturally volatile which requires other power sources to start up and shut down in accordance with weather conditions, which for instance coal or gas generators are in general not built to do. The previous literature has used simulations to show that the damage done and the associated costs can be substantial. We use a dataset containing all reported failures in the Nordic electricity market Nord Pool and data for Danish wind power generation. The analysis shows that for both Denmark and the rest of Nord Pool the short-term costs associated with the volatility of wind power generation are non-significant.

Fogelberg, Sara and Ewa Lazarczyk (2017), "Wind Power Volatility and its Impact on Production Failures in the Nordic Electricity Market". Renewable Energy 105(May), 96–105.

Elgar Companion to

Social Capital and Health

Martin Ljunge okt 2018.jpg

Martin Ljunge, IFN, is the author of a chapter, "Trust promotes health: addressing reverse causality by studying children of immigrants", in a new book edited by Sherman Folland and Eric Nauenberg. The cutting edge of research is presented, covering the ever-expanding social capital field.

About the book


Seminars organized by IFN


To present ongoing research informal brown-bag seminars are held on Mondays at 11:30 am. This is an opportunity for IFN researchers to test ideas and results.

Academically oriented seminars are most of the time held on Wednesdays at 10 am. At these events researchers from IFN and other institutions present their research.

In addition, IFN organizes seminars open to the public. Topics for these are derived from the IFN research.

Research Institute of Industrial Economics, Grevgatan 34 - 2 fl, Box 55665, SE-102 15 Stockholm, Sweden | Phone: +46-(0)8-665 45 00 | info@ifn.se