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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 ...
Balancing and redispatch: the next stepping stones in European electricity market integration
Improving the market design and the efficiency of the procurement of balancing and redispatch services
To correct grid imbalances and avoid grid failures, the transmission system operator (TSO) deploys balancing reserves and settles these imbalances by penalizing the market actors that caused them. In several countries, it is forbidden to influence the grid imbalances in order ...
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 harmon ...
Aggregators today and tomorrow
From intermediaries to local orchestrators?
At the forefront of energy transition, aggregators unlock value in front of and behind the energy meter. The business models of aggregators are changing rapidly, influenced by changes in technology, the market design, and regulatory framework. This chapter provides an overview ...
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 ...
The zonal electricity market design in the Central Western European electricity market relies on redispatching generation units after market closure to manage congestion within bidding zones, while congestion between the zones is handled using flow-based market coupling. The c ...
Distributed energy resources and the organized balancing market
A symbiosis yet? Case of three European balancing markets
Thanks to new technological advancements and EU policy impulse, distributed energy resources (DER) are poised to become a viable alternative to conventional electricity generation for the provision of balancing services to transmission system operators. In this paper we show t ...