Modeling Framework Simulating the TERRE Activation Optimization Function

Christos Roumkos, Pandelis Biskas and Ilias Marneris
Additional contact information
Christos Roumkos: Department of Electrical and Computer Engineering, Aristotle University of Thessaloniki, 54124 Thessaloniki, Greece
Pandelis Biskas: Department of Electrical and Computer Engineering, Aristotle University of Thessaloniki, 54124 Thessaloniki, Greece
Ilias Marneris: Department of Electrical and Computer Engineering, Aristotle University of Thessaloniki, 54124 Thessaloniki, Greece

Energies, 2020, vol. 13, issue 11, 1-30

Abstract: The Trans-European Replacement Reserve Exchange (TERRE) project is the European implementation project for exchanging Balancing Energy (BE) from Replacement Reserves (RR). Its main objective is to operate a common European platform that gathers all RR Balancing Energy Orders (BEOs) from Transmission System Operators’ (TSOs) local BE markets into a Common Merit Order List (CMOL). It provides an optimized allocation of RR, covering all TSOs’ RR BE needs, by executing the Activation Optimization Function (AOF). In this paper, the mathematical formulation of the AOF is presented, which explicitly incorporates all standard products and constraints that are provisioned in the approved implementation framework. The clearing problem is formulated as a Mixed Integer Linear Programming model and solved within an iterative algorithm for the handling of Paradoxically Accepted Orders (PAOs). The modeling framework allows the coordination of two distinct market setups, i.e., the self-dispatch and central dispatch. To this end, a BEO conversion pre-process is executed for markets applying the central-dispatch setup, in order to attain the BE quantities for inclusion in the CMOL. The proposed model is evaluated using a test case including six countries that participate in the TERRE project (Portugal, Spain, France, Great Britain, Switzerland, Italy) as well as Greece.

Keywords: balancing market integration; cross-border balancing energy exchange; trans-European replacement reserves exchange; LIBRA platform; common merit order list; activation optimization function; balancing energy orders (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.mdpi.com/1996-1073/13/11/2966/pdf (application/pdf)
https://www.mdpi.com/1996-1073/13/11/2966/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:13:y:2020:i:11:p:2966-:d:369378

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().