Artelys to present TERRE market clearing during ENTSO-E public workshop

7 March 2021

— ENTSO-E organizes on 16 March 2021 a public workshop aiming at presenting the Replacement Reserve processes and at providing a detailed overview of the market-clearing optimization algorithm implemented by Artelys for the TERRE platform.
TERRE is the Trans European Replacement Reserve Exchange project for the exchange of Replacement Reserves across European Transmission System Operators (TSO). The platform is live since January 2020 and now includes 6 connected TSOs: REE, REN, Swissgrid, RTE, Terna and CEPS. Artelys, after having contributed to the market design, has implemented and delivered the activation optimization algorithm that clears the Replacement Reserve market so as to maximize the social welfare while abiding by complex market rules.
A public workshop will be organized by ENTSO-E on 16 March 2021. During this workshop, Artelys will present details of the market design and optimization algorithms powering the TERRE platform.

We encourage you to join to learn more about the TERRE market clearing process! Registrations close on 11 March 2021.

 

To learn more about Artelys activities related to energy markets, have a look at our dedicated web page.

European balancing cooperation platform TERRE yields significant benefits

European balancing cooperation platform TERRE yields significant benefits

— The Electricity Balancing Guideline, which entered into force in 2017, defines a framework for a balancing market that enables TSOs to net their balancing demands and to procure balancing energy from providers located in their own area as well as in other zones to balance the electricity grid. This measure enables the overall system to benefit from an increased level of security of supply and overall lower balancing costs.

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