 Impact of tertiary reserve sharing in PortugalP.M.S. Frade, J.J.E. Santana, M. Shafie-khah and J.P.S. Catalão Utilities Policy, 2018, vol. 55, issue C, 167-177 Abstract: Ancillary services play a fundamental role in the operation of electricity systems. In the Iberian Peninsula, since mid-2014, ancillary services have gained a transnational dimension, namely through the introduction of cross-border balancing replacement reserves between the Portuguese and the Spanish Transmission System Operators (TSOs). This paper evaluates the impact of replacement reserves on the Portuguese electricity system, from the onset of this mechanism until the end of 2017, as a new contribution to earlier studies. It also describes the pecuniary impact of tertiary transactions, the identification, and categorization of possible different scenarios of tertiary mobilization, and the respective impact on the internal tertiary mobilization. On the one hand, the Iberian electricity system is one of the most influenced by a high penetration of intermittent renewables, and therefore one of the best candidates to experience increased benefits from the platform. On the other hand, the Portuguese TSO is one of the most peripheral TSOs in Europe that benefits more from the market integration in various dimensions of the electricity sector. Keywords: System operator; Ancillary services; Tertiary reserve; Electricity market; Cross-border exchange (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:55:y:2018:i:c:p:167-177 DOI: 10.1016/j.jup.2018.10.008 Access Statistics for this article Utilities Policy is currently edited by Beecher, Janice More articles in Utilities Policy from Elsevier |
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