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 continues to expand internationally
With over 20 years of experience in mathematical optimization, Artelys offers a wide range of advanced components to adapt to your most complex challenges on an international scale.
Analysis of the environmental impact of renewable energies
— The study carried out by Artelys highlights the benefits of renewable energies in the fight against climate change. The analysis also looks at other major issues, such as biodiversity, the use of raw materials and the reduction of pollution.
Join us at the METIS 3 dissemination event organized by Artelys!
— Artelys is thrilled to invite you to the METIS 3 Dissemination Event taking place on 17 April. During this online event, we will present the latest results of the METIS project and discuss the benefits of using advanced multi-energy modelling solutions such as METIS for energy and climate policymaking.
Artelys Knitro 14: new release of our nonlinear optimization solver
— 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.
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