Artelys has designed and implemented a market clearing algorithm for frequency response
The increasing deployment of renewable electricity in Europe have led TSOs to request higher volumes of electricity reserve products, such as frequency response. In order to stimulate the provision of balancing volume by suppliers, EPEX SPOT created a new platform to hold market auctions for frequency reserve of different types.
Artelys has been commissioned by EPEX SPOT to design and implement the market clearing algorithm with the objective to select the least-cost maximal frequency response volume for TSOs. This new algorithm was designed to handle over 100,000 offers and be flexible enough to easily adapt when new market rules are introduced.
The solution developed by Artelys uses FICO Xpress Optimization Suite to model and solve the different market clearing optimisation problems.
Artelys Knitro 13 solves your MINLP problems 5 times faster!
— We are pleased to announce that Artelys Knitro 13 is now available! This new version focuses on performance improvements for both continuous and mixed-integer general nonlinear problems.
Artelys contributes significantly to the European Commission’s Hydrogen and Decarbonised Gas Package
— Artelys has significantly contributed to the Impact Assessment of the Gas Package by making use of the EU energy system model METIS.
An Energy and Climate analysis tool for Orléans Métropole
— In association with Orléans Métropole (circa 300 000 inhabitants, France), Artelys has set up alongside the metropolitan services a public web platform to monitor territorial energy datasets.
Successful first auction of the Belgian Capacity Remuneration Mechanism enabled by Artelys market clearing engine
— A Capacity Remuneration Mechanism (CRM) was recently introduced in Belgium by Elia, the country’s Transmission System Operator, in accordance with the Belgium ‘Electricity Act’.
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