Relationship between electricity generation mix and market prices

LTReikšminiai žodžiai: Atsinaujinantys ištekliai; Dvišalės sutartys; Elektros energijos gamyba; Elektros gamybos įvairovės rinkinys; Koreliacija; Rinkos kaina; Bilateral contracts; Correlation; Electricity generation; Electricity generation mix; Market price; Renewable resources.

ENThe Paris agreement leaves no hesitation that the world is now standing at the beginning of new era of clean energy technologies. European Energy Strategy implies a wider and constant spread of clean energy technologies implementation. The current situation and future insights of European Union Member States still differ. To some extent, it is tightly related with some fear that spread of clean technologies could cost more than that a country or individual could afford. The investigation of the significance of relationships between electricity generation mix in each participating country and electricity market prices in the Nord Pool region given in this paper shows that the composition of overall Nord Pool Spot electricity generation mix made no significant influence on the NPS day-ahead market price. Therefore, in case when the growth of total amount of electricity production makes positive influence on the market price, the wider use of renewable energy sources can result in market price reductions. [From the publication]