Successful first auction of the Belgian Capacity Remuneration Mechanism enabled by Artelys market clearing engine
A market-based capacity remuneration mechanism
The CRM is intended to foster investment in new capacities in order to ensure power system security of supply in the long term, especially since Belgium is considering to phase out its nuclear power plants and to increase the share of renewables in the grid in the electricity mix.
Beginning of October 2021, the first CRM auction was organized to select capacity offers for delivery period 2025-2026: a (priced) demand curve was set by Royal Decree, and prequalified capacity holders were able to submit bids to the market (for existing or new capacity).
Artelys auction clearing algorithm implementation
Artelys was in charge of specifying and implementing the auction clearing algorithm for the Belgian CRM. The auction algorithm selects the optimal combination of offers, in order to meet system adequacy at the least cost. The algorithm takes into account some specific requirements of the CRM like indivisible offers, the presence of exclusive/linking bids family, and power grid constraints. A strong emphasis was placed on returning the unique best solution of the CRM (many tie-breaker rules were implemented to rank solutions having the same cost). The auction’s results are available on Elia website.
For additional information on CRM:
If you want to know more about Artelys energy market clearing, you can contact us or visit the dedicated web page.
Artelys continues to expand internationally
With over 20 years of experience in mathematical optimization, Artelys offers a wide range of advanced components to adapt to your most complex challenges on an international scale.
Analysis of the environmental impact of renewable energies
— The study carried out by Artelys highlights the benefits of renewable energies in the fight against climate change. The analysis also looks at other major issues, such as biodiversity, the use of raw materials and the reduction of pollution.
Join us at the METIS 3 dissemination event organized by Artelys!
— Artelys is thrilled to invite you to the METIS 3 Dissemination Event taking place on 17 April. During this online event, we will present the latest results of the METIS project and discuss the benefits of using advanced multi-energy modelling solutions such as METIS for energy and climate policymaking.
Artelys Knitro 14: new release of our nonlinear optimization solver
— We are pleased to announce that Artelys Knitro 14.0 is now available! This new version enables compagnies to solve complex non-linear optimization problems with unprecedented efficency and precision.
subscribe to our newsletters
© ARTELYS • All rights reserved • Legal mentions