Towards Optimal Activation of Balancing Energy to Minimize Regulation from Neighboring Control Areas

Broka, Zane; Baltputnis, Kārlis; Sauhats, Antans Sauļus; Junghāns, Gatis; Sadovica, Liga; Lavrinovics, Valentins

doi:10.1109/eem.2018.8469935

Cited by 1 publication

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“…To foster effective competition and enhance efficiency of balancing, the European Commission Regulation on electricity balancing aims at integrating balancing markets and promoting cost-efficient and reliable exchange of balancing services among the European countries [5]. In light of this Regulation, the three Baltic TSOs (Augstsprieguma tīkls AS (Latvia), Elering (Estonia) and Litgrid (Lithuania)) have established a common Baltic balancing market (BBM) to exchange balancing energy and manage the imbalance netting process within a coordinated balancing area, which is operational since 2018 [3]. The Baltic balancing market is just one example of the marketplaces for electricity that have emerged during the last decades as a result of the EU-wide electricity market liberalization, harmonization and integration.…”

Section: Introductionmentioning

confidence: 99%

Bbema

Šakele

Broka

2021

Proceedings of the Twelfth ACM International Conference on Future Energy Systems

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In order to increase the efficiency of the power system balancing process, the Baltic countries launched a common balancing market in 2018. While the new market does have a data dashboard, its visual functionalities and interactivity are limited, which hinders its use for deeper analysis. In this study, a dedicated dashboard for visual analysis has been developed utilizing data from the first three years of the market's operation. The tool can be useful to various market stakeholders such as operators, participants, policy makers and researchers. The paper provides examples on the insights that can be gained from the dashboard.

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Section: Introductionmentioning

confidence: 99%