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.
— The European Commission has published the METIS models and datasets developed by Artelys and its partners, enabling everyone to use them to conduct highly detailed analyses of the European energy system.read more
— We are pleased to announce the release of Artelys Knitro 12.2 which comes with outstanding performance improvements, in particular for general nonlinear problems.read more
— Artelys has enhanced TenneT’s power flow simulator to include power market simulations.read more
— Artelys has just delivered the Artelys Crystal City software to the European Metropolis of Lille which allows for a detailed monitoring of the evolution of the energy system of the territory, in order to better steer energy and climate policies.read more
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