Redispatch and balancing: Same but different. Links, conflicts and solutions.

The authors provide a critical analysis of existing approaches to balancing and congestion management (specifically redispatch) and their effects on the incentives for service providers. This issue is particularly important in the view of the harmonization of ancillary service procurement in Europe, introduction of cross-border balancing...

Electricity market design requirements for DC distribution systems

DC distribution systems (DCDS) connect local generators and loads directly. By avoiding unnecessary losses in AC-DC conversion, DCDS offers higher energy efficiency. Since different parties in a DCDS may have conflicting goals, matching between power supply and demand should be done with carefully designed allocation rules and monetary transfers...

Towards the Comprehensive Design of Energy Infrastructures

Energy infrastructures are increasingly perceived as complex, adaptive socio-technical systems. Their design<br/>has not kept up; it is still fragmented between an engineering and economic dimension. While economists<br/>focus on a market design that addresses potential market failures and imperfections, opportunistic behaviour,<br/>and social...

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 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,...