6381774
doi
10.1109/EEM.2019.8916226
oai:zenodo.org:6381774
user-eu
Edin Lakić
University of Ljubljana
Andrej F. Gubina
University of Ljubljana
Innovative solutions for integrating the energy balancing market (mFRR)
Jan Jeriha
University of Ljubljana
doi:10.1109/EEM.2019.8916226
info:eu-repo/semantics/openAccess
Creative Commons Attribution 4.0 International
https://creativecommons.org/licenses/by/4.0/legalcode
Balancing Market
CROSSBOW project
EBGL
manual Frequency Restoration Reserve
<p><strong>Abstract:</strong></p>
<p>In the liberalized wholesale electricity market in Europe, the balancing market is used to collect balancing energy bids and offers, helping the Transmission System Operators (TSOs) to purchase balancing energy with the aim of settling deviations from the nominal frequency in their regulation zones. The aim of the paper is to present a concept of an innovative solution for creating a common European balancing market as it is described in the European Regulation, namely the Guideline on Electricity Balancing. The solution proposed in the H2020 European project CROSSBOW is a System market platform for mFRR. It could serve as a common European balancing market which could lower the balancing costs in the region by using cross-border balancing energy. This would increase social welfare in the region as well as enable harmonisation of regulatory frameworks and legislation in the region by introducing a minimum set of harmonized rules for market participation.</p>
Zenodo
2019-11-28
info:eu-repo/semantics/conferencePaper
6381773
user-eu
v1.0
award_title=CROSS BOrder management of variable renewable energies and storage units enabling a transnational Wholesale market; award_number=773430; award_identifiers_scheme=url; award_identifiers_identifier=https://cordis.europa.eu/projects/773430; funder_id=00k4n6c32; funder_name=European Commission;
1648735617.0778
352895
md5:4075d2833baeeaadfa7ae8486ce39551
https://zenodo.org/records/6381774/files/Jeriha.EEM19.Innovative solutions for integrating the energy balancing market (mFRR)_ZENODO.pdf
public
10.1109/EEM.2019.8916226
Is published in
doi