On Monday, May 11th, Professor of Norwegian School of Economics (NHH) Dr. Mette Helene Bjørndal gave a public lecture at ISET conference hall. Prof. Bjørndal held the presentation titled “Insights into the Nordic Energy Market”. The main aspects of the presentation was to review structure, main characteristics of Nordic power market and peculiarities of its integration into other European electricity markets.
Prof. Bjørndal started her presentation by introducing some basic characteristics of power sectors of Scandinavian countries. She covered some issues of the market design, its components, and architecture. Prof. Bjørndal compared integrated and unbundled systems by providing examples and commented on how unbundling was done in Scandinavia.
Furthermore, she reflected on how future and spot markets, day-ahead, hour-ahead and real-time markets work in the Nord Pool. Afterwards, she underlined some challenges related to the electricity trading between the countries and the congestion costs on power markets. Lastly, Prof. Bjørndal discussed some issues associated with the zonal pricing of electricity with the audience.
Lecture was accompanied with series of questions and active discussion. ISET students, alumni of energy economics concentration, and other stakeholders of energy sector attended the lecture and took a part in discussion.
Prof. Mette Bjørndal visited ISET together with the delegation of Norwegian School of Economics (NHH) to discuss opportunities of more active cooperation between ISET and NHH. The ISET community is pleased to host Norwegian colleagues and looks forward to further cooperation between two institutions.
