Green electricity trade in the Nordic region: markets, products and transactions

Abstract

This report examines the potential for- and institutional framing of green electricity trade in the Nordic region in general and for trade in standardised green products on a commodity exchange in particular. The discussion includes both mandatory, politically initiated trade as well as commercially and idealistically motivated trade. Rather than focusing on equilibrium and price formation within given institutional constraints, institutional analysis focuses on the institutional framework itself and how different institutional elements are constituted and affect market outcomes.