Balancing Capacity; Balancing Energy; Electricity Markets; Frequency Restoration Reserve; Reserves
Abstract :
[en] Balancing markets in Europe are under transformation from regulated balancing services procurement and uniform activation operated on national level towards fully market-based and Europe wide operation. The European institutions are pushing towards technology neutral markets where all players are participating on equal footing, including small distributed energy resources. The markets are developing in the direction of gate closure times closer to delivery, smaller bid and price resolutions etc. Such conditions are opening gates to new participants but are at the same time more complex to correctly position market bids. The first part of this paper will discuss current status of balancing services and their markets in Europe. The second part provides analysis of demands and bids for frequency restoration reserves in Germany as the leader in balancing services liberalisation. Such analysis is extremely important for forecasting and bidding algorithms for both balancing capacity and energy markets.
Research center :
Interdisciplinary Centre for Security, Reliability and Trust (SnT) > FINATRAX - Digital Financial Services and Cross-organizational Digital Transformations
Disciplines :
Management information systems Electrical & electronics engineering Energy Computer science
Author, co-author :
PAVIĆ, Ivan ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
Capuder, Tomislav; University of Zagreb, Faculty of Electrical Engineering and Computing, Zagreb, Croatia
Pandzic, Hrvoje; University of Zagreb, Faculty of Electrical Engineering and Computing, Zagreb, Croatia
External co-authors :
yes
Language :
English
Title :
Analysis of aFRR and mFRR Balancing Capacity & Energy Demands and Bid Curves
Original title :
[en] Analysis of aFRR and mFRR Balancing Capacity & Energy Demands and Bid Curves
Publication date :
July 2022
Event name :
2022 IEEE 7th International Energy Conference (ENERGYCON)
Event place :
Riga, Lva
Event date :
09-05-2022 => 12-05-2022
By request :
Yes
Audience :
International
Main work title :
ENERGYCON 2022 - 2022 IEEE 7th International Energy Conference, Proceedings
Publisher :
Institute of Electrical and Electronics Engineers Inc.
This work has been supported in part by the European Structural and Investment Funds under project KK.01.2.1.02.0063 SUPER (System for optimization of energy consumption in households), as well as by the Croatian Science Foundation and European Union through the European Social Fund under project Flexibility of Converter-based Microgrids - FLEXIBASE (PZS-2019-02-7747).
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