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.
Co-optimization study of baltic TSOs cross zonal capacity value between energy and balancing capacity markets
— Artelys supports baltic Transmission System Operators (TSOs) AST, Elering, and Litgrid in the evaluation of the optimal use of cross-border interconnection capacities for energy and balancing capacity exchanges.
— Artelys provides the market clearing engine for the new renewable Guarantees of Origin auction.
— 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.
— Artelys has delivered Toyota with a computation algorithm to optimally plan post-production assembly operations.
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