Open tender: Impact assessment of emergency market intervention measures to tackle high energy prices
The Electricity Market Group (EMG) under Nordic Council of Ministers invites applicants to apply for the tender concerning an impact assessment of the Nordic countries response to the EU Council's…
The Electricity Market Group (EMG) under Nordic Council of Ministers invites applicants to apply for the tender concerning an impact assessment of the Nordic countries response to the EU Council’s regulation “on emergency measures to meet high energy prices” (EU, 14 September 2022).
The aim of the project is to assess the Nordic countries’ adaption/planned implementation of measures, referring to the proposal of the Council’s regulation on “emergency measures to meet high energy prices” (EU, 14 September 2022). The study includes Finland, Norway, Denmark, and Sweden.
The assessments must consider how the market stakeholders and end-consumers have reacted to the emergency measures, and how these measures will impact the Nordic electricity market. This encompasses, e.g., measures that result in decreased electricity consumption by 5% for peak-load situations and proposals regarding a cap on the market incomes from the production of electricity from so-called “inframarginal technology” (e.g., wind, solar, geothermal energy, nuclear power, biomass, oil, and oil-related products, hydropower without reservoir, etc.).
Final deadline for applying is 29 November 2022 at 13:00 (CET).
The tender is funded by Nordic Council of Ministers. It is a result of the interest in gathering knowledge on the impacts that the emergency market intervention measures will have on the Nordic electricity market and the Nordic stakeholders’ reaction in that regard.
Nordic Energy Research’s role
Nordic Energy Research functions as the tender manager and has prepared the tender description in co-operation with EMG.
Nordic Energy Research will also be responsible for evaluating the tenders, and announcing the winner, the report, and associated results together with EMG.
Read more about Nordic Energy Research’s role in relation to EMG here.