Artelys to develop the clearing engine for the EU cross-balancing market
The Replacement Reserve (RR) is one type of power reserves used by Transmission System Operators (TSOs) across Europe in order to ensure real-time supply/demand balance. It is generally provided by generators that require a long start-up time (typically thirty minutes) but may also be provided by demand response suppliers.
Trans European Replacement Reserves Exchange (TERRE) is the pilot European implementation project for exchanging replacement reserves in line with the Guideline on Electricity Balancing. The aim of TERRE is to build the RR Platform and set up the European RR balancing energy market in order to create a harmonized playing field for the Market Participants.
The consortium is in charge of providing the market clearing engine to the RR Platform. The optimization engine simultaneously clears upward and downward balancing offers from Balance Service Providers with balancing needs submitted by participating TSOs. It is designed to run under 3 minutes with up to 500 000 offers over a region managed by 50 TSOs, and accommodates complex offers such as block bids and exclusive bids.
Upon the Go-Live date, the TERRE market will be operated on an hourly basis all year long.
Join Artelys and FICO to learn how to unleash the full potential of mathematical optimization
— Join Artelys and FICO on 18 May 2021 to learn more about ways to unleash the full potential of mathematical optimization.
Artelys develops an energy modeling solution for Cambodia
— In association with IED Group and IDDRI, Artelys has started the development of an energy modeling solution for the Ministry of Economy and Finance (MEF) of the Kingdom of Cambodia. Financed by the Agence Française de Développement (AFD), this project will enable MEF to benefit from a state-of-the-art tool to analyze different potential pathways describing the evolution of the energy sector of Cambodia, so as to support their strategic decision-making processes.
Artelys to present TERRE market clearing during ENTSO-E public workshop
— 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.
Artelys studies the future of the Albanian power sector
— Artelys is launching a new study on behalf of the Albanian Ministry of Energy and Infrastructure aiming at providing insights into the potential evolution of the Albanian power sector.
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