TERRE is the Trans European Replacement Reserve Exchange implementation project for the exchange of Replacement Reserves (RR) across TSOs in line with the Electricity Balancing Guideline. Artelys, after having contributed to the specification of the market’s design, has implemented the market clearing engine and its market coupling optimization algorithm, and is now in charge of its 24/7 maintenance.
The platform is live since January 2020 with more and more TSOs joining. Since January 2021, the coupled market is now live for 6 TSOs: REE, REN, Swissgrid, RTE, Terna and CEPS.
Figure 1: TERRE members (as of June 2022). Source: ENTSO-E.
In its most recent Balancing Report, ENTSO-E illustrates the important benefits of TSOs cooperation by comparing the social welfare obtained on TERRE platform with and without TSO cooperation. The comparison estimates the cooperation benefit to reach nearly €500M on the period from March to December 2021.
Artelys is proud to contribute via the provision of the state-of-the-art market clearing engine that enables TSOs to exchange balancing energy and performs hourly market clearings. The performance and the robustness of the algorithm has been proven with more than 50,000 delivery periods successfully cleared by the engine so far!
— 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.
Artelys to participate in the demonstration of digital twins for optimal grid and market actions in Europe
— Artelys is involved in the three-year Horizon Europe project TwinEU, which aims to create a digital twin of the entire European electricity grid with a unique consortium bringing together grid and market operators, research entities and technology providers.
— 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.
— The stakes of Artificial Intelligence (AI) have become a strategic issue for companies, regardless of their field of activity or size. As an expert, Artelys provides you with full assistance, from the design stage to the implementation of your first AI solution, by building with and for your team a roadmap tailored to your business.
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