Making the most of short-term flexibility in the balancing market: Opportunities and challenges of voluntary bids in the new balancing market design

Electricity balancing is one of the main demanders of short-term flexibility. To improve its integration, the recent regulation of the European Union introduces a common standalone balancing energy market. It allows actors that have not participated or not been awarded in the preceding balancing capacity market to participate as voluntary...

Effect of market design on strategic bidding behavior: Model-based analysis of European electricity balancing markets

Market-based procurement of balancing services in Europe is prone to strategic bidding due to the relatively small market size and a limited number of providers. In the European Union, balancing markets are undergoing substantial regulatory changes driven the efforts to harmonize the market design and better align it with the goals of the...

Reengineering the learming process in a transport company

Swift changes in the regulations and the organization of the transport sector make innovation an absolute necessity. A company’s ability to cope with these changes depends largely on the learning capacity of the organization. Therefore in the transport case described in this paper the company decided that reengineering of the learning strategy...