The economic impacts of integrating European balancing markets: The case of the newly installed aFRR energy market-coupling platform PICASSO

Martijn Backer, Dogan Keles and Emil Kraft

Energy Economics, 2023, vol. 128, issue C

Abstract: The coupling of European balancing markets is one of the latest steps towards integrating Europe’s internal electricity market. From mid-2022 onwards, besides imbalance netting, the activation of the automated frequency restoration reserves (aFRR) has also been increasingly integrated between European transmission system operators (TSOs) in the so-called PICASSO framework. The possible benefits of this balancing market integration include cost savings and a reduced use of activation energy.

Keywords: Market coupling; Balancing markets; Economic welfare; PICASSO (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:128:y:2023:i:c:s0140988323006229

DOI: 10.1016/j.eneco.2023.107124

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