The effect of wind energy production on cross-border electricity pricing: The case of western Denmark in the Nord Pool market

The aim of this analysis was to estimate the effect of planned cross-border energy flow and different levels of predicted wind energy share with respect to the three pricing outcomes (higher price, lower price, or equal prices) that can occur between a pair of trading partners in the Nordic day-ahead spot market. The analysis covers a four-year period (2012–2015). Three multinomial logit models were designed, one for trade with each of western Denmark’s (DK1) Nord Pool day-ahead spot market trading partners: eastern Denmark (DK2); southern Norway (NO2); and Stockholm, Sweden (SE3).