European balancing cooperation platform TERRE yields significant benefits
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!
Figure 2: RR platform comparison of social welfare final vs decoupled social welfare differential (EUR). Source: ENTSO-E Balancing Report 2022 (page 30).
Artelys participation to studies assessing potential contribution of African H2 to EU decarbonization objectives
— As part of the Clean Hydrogen Partnership funding programme, Artelys will participate in the JUST-GREEN AFRH2ICA project along with ten other African and European partners ready to share their know-how on hydrogen economics and technologies.
Artelys perform smart grid cost-benefit analysis with open-source PowSyBl-Metrix
Artelys demonstrated how to perform cost-benefit analysis of new transmission assets in a smart grid during a webinar hosted by the Linux Foundation Energy and the Global Power System Transformation Consortium showing the strength of the prominent open-source grid computation tool PowSyBl-Metrix.
Artelys provides two-fold guidance to the Pentalateral Energy Forum on power sector decarbonisation
— We propose building blocks for a common Penta power sector vision and showcase the key enabling role of power system flexibility.
Artelys is proud to develop the operational power grid security analysis engine of the European CorNet program
— Artelys has been selected to develop the computational engine at the heart of a pan-European operational power grid security analysis platform.
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