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Van der Veen, R.A.C. (author), Abbasy, A. (author), Hakvoort, R.A. (author)
The imbalance settlement design is the part of an electricity balancing market design that stimulates so-called Balance Responsible Parties (BRPs) to balance their electricity production and consumption portfolio and to stick to their energy schedules by penalizing any deviations from these schedules with an imbalance price. There are numerous...
conference paper 2010
document
Van der Veen, R.A.C. (author), Abbasy, A. (author), Hakvoort, R.A. (author)
The integration of balancing markets, i.e. market-based balance management arrangements, is regarded as an important next step in the development towards an Internal Electricity Market for Europe, and is expected to largely reduce the costs of real-time balancing by enhancing competition in balancing service markets. However, there is still a...
conference paper 2010
document
Van der Veen, R.A.C. (author), Abbasy, A. (author), Hakvoort, R.A. (author)
Imbalance settlement is a vital part of the balancing market, i.e. the institutional arrangement that establishes market-based balance management in liberalized electricity markets. We investigate the impact of the imbalance settlement design on the behaviour of Balance Responsible Parties and thereby on balancing market performance by means of...
conference paper 2010