Artelys to develop the clearing engine for the EU cross-balancing market

25 May 2018

— The TERRE members have selected a consortium composed of Artelys, JV EPEX-Soops and Soops to provide the clearing engine for the European Replacement Reserve cross-border Platform.

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 us at the METIS 3 dissemination event organized by Artelys!

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.

read more
New method for energy mix pathway optimization problems

New method for energy mix pathway optimization problems

— Planning for the energy transition requires the ability to optimize energy system development pathways, considering complex interactions and constraints, particularly concerning interactions between sectors and vectors. In this context, Artelys has developed a new method for solving these large-scale mathematical problems.

read more

subscribe to our newsletters

The collected data will be exclusively processed by the company Artelys for the purpose of keeping you informed about the services and products marketed by our company.


© ARTELYS • All rights reserved • Legal mentions

Pin It on Pinterest

Share This