Framework to Evaluate Power Portfolio Dispatch Considering Balancing Market Participation

The power grid is rapidly experiencing a transformation driven by renewable and climate targets which pose a huge challenge to maintain the system stability and reliability, thus balancing services become more crucial now than ever. To provide balancing services in a cost-efficient way, it is necessary to develop predictive models which can...

Integration of Power-to-Gas Conversion into Dutch Electrical Ancillary Services Markets

This paper investigates the viability of the integration of demand side response of large scale electrolyser facilities into electrical ancillary services markets. A review of the current structure and mechanisms of balancing markets, voltage control and congestion management in the Netherlands is presented, taking into consideration future...

A (not so) independent aggregator in the balancing market theory, policy and reality check

The aggregator has been touted as the key enabler of active engagement of distributed energy resources and promises to contribute to greater economic efficiency in the European balancing markets by providing cheap sources of flexibility. This paper presents an empirical analysis of how aggregators organize themselves in relation to other...

Assessing storage and substitution as power flexibility enablers in industrial processes

Renewable energy sources are currently presented as an economically viable and environmentally safe option in the near future. A major constraint to the incorporation of wind and solar generation at large scale is the increase of variability in the power system. To assure the perpetual balance between power production and gross consumption a...

Analysis of the impact of imbalance settlement design on market behaviour in electricity balancing markets

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...

A qualitative analysis of main cross-border balancing arrangements

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...

A comparison of imbalance settlement designs and results of Germany and the Netherlands

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...

Balance Responsibility and Imbalance Settlement in Northern Europe: An Evaluation

In liberalized power markets, balance responsibility and imbalance settlement are two closely related elements that constitute the heart of a balancing market (which is actually an institutional arrangement establishing market-based balancing). This paper aims to compare balance responsibility and imbalance settlement in the Nordic region,...