Working Paper No. 1162

Equilibrium Supply Security in a Multinational Electricity Market with Renewable Production

Published: April 11, 2017Pages: 38Keywords: Capacity mechanism; Decentralized policy making; Multinational electricity market; Network investment; Security of supplyJEL-codes: D24; H23; L94; Q48

Equilibrium Supply Security in a Multinational Electricity Market with Renewable Production Thomas Tangerås


An increasing reliance on solar and wind power has raised concern about system ability to consistently satisfy electricity demand. This paper examines countries’ unilateral incentives to achieve supply security through capacity reserves and market integration in a multinational electricity market.

Capacity reserves protect consumers against blackouts and extreme prices, but distort consumption and investment. Market integration alleviates supply constraints, but requires costly network reinforcement. Capacity reserves can be up- or downward distorted, but network investment is always insu¢ cient in equilibrium.

Capacity reserves are smaller when there are …nancial markets or when dispatched solely to resolve domestic supply constraints.

Thomas Tangerås

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Integrating Immigrants into the Nordic Labour Markets

An Overall Perspective

Pages-from-2019-Calmfors-Gassen---Integrating-Immigrants-into-the-Nordic-Labour-Markets.gif

Denmark, Finland, Norway and Sweden face similar problems of integrating large groups of immigrants, especially low-educated ones from outside the EU, into their labour markets. In this volume, edited by Lars Calmfors, IFN, and Nora Sánchez Gassen in cooperation with researchers from across the Nordic Region analyse how labour market integration of immigrants can be promoted. 

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