Dashboard for analysis of electricity imbalances at the Balancing Responsible Parties level

Simona-Vasilica Oprea (), Adela Bara (), Ciprian Georgian Dragomir (), Osman Bulent Tor () and Stefan Preda ()
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Simona-Vasilica Oprea: The Bucharest University of Economic Studies, Romania
Adela Bara: The Bucharest University of Economic Studies, Romania
Ciprian Georgian Dragomir: CEZ Romania
Osman Bulent Tor: EPRA, Engineering Procurement Research Analysis, Ankara, Turkey
Stefan Preda: The Bucharest University of Economic Studies, Romania

Database Systems Journal, 2020, vol. 11, issue 2, 17-30

Abstract: The paper presents a dashboard for analyzing electricity imbalances at the level of a Balancing Responsible Party (BRP). It describes the cost allocation method between members of a BRP for the costs/revenues generated by the net imbalances of the respective BRP and the calculation methodology implemented within the IT prototype. The reports created within the dashboard are generated following the analysis of specific indicators and BRP performance, such as the contribution of BRP members to imbalances, revenues/expenses resulting from internal redistribution, additional revenues/expenses from system balancing, share of imbalance at BRP level, ratios between adjusted average prices and average prices on the Balancing Market, and BRP efficiency. The dashboard provides valuable information for decision-making and monitoring of the balancing process at the BRP level.

Keywords: balancing market; balancing responsible parties; surplus; deficit; cost allocation method (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:aes:dbjour:v:11:y:2020:i:2:p:17-30

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