Balancing market integration in the Northern European continent

H. Farahmand and G.L. Doorman

Applied Energy, 2012, vol. 96, issue C, 316-326

Abstract: This paper analyses the integration of the balancing power markets in Northern Europe including the Nordic system, Germany and the Netherlands. Two cases of balancing market integration are analysed: the current state with individual balancing markets, and the full integration of these markets, where the day-ahead market and the balancing market are settled separately. First, the day-ahead market is modelled as a common market for the whole European continent, while a simultaneous reserve procurement modelling is done for the Northern Europe. Available transmission capacity is considered to be allocated implicitly for the exchange of balancing services based on a trade-off between day-ahead energy and balancing capacity exchange. Next, the balancing energy market is modelled as a real-time power dispatch on the basis of the day-ahead market clearing results and the simulated imbalances.

Keywords: Market integration; Balancing services exchange; Reserve procurement; Real-time power balancing; DC power flow (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (35)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:appene:v:96:y:2012:i:c:p:316-326

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DOI: 10.1016/j.apenergy.2011.11.041

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