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.
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