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Publikācija: Harmonization of Imbalance Settlement Period Across Europe: the Curious Case of Baltic Energy Markets

Publication Type Publication (anonimusly reviewed) in a journal with an international editorial board indexed in other databases
Funding for basic activity Research project
Defending: ,
Publication language English (en)
Title in original language Harmonization of Imbalance Settlement Period Across Europe: the Curious Case of Baltic Energy Markets
Field of research 2. Engineering and technology
Sub-field of research 2.2 Electrical engineering, Electronic engineering, Information and communication engineering
Research platform Energy and Environment
Authors Līga Kurevska
Antans Sauļus Sauhats
Gatis Junghāns
Valentins Lavrinnovics
Keywords balancing markets, imbalance settlement period, market design, market integration
Abstract In accordance with legal framework developed by European Commission all EU Member States shall employ 15-minute time resolution for imbalance settlement no later than 18th of December 2020 (or 1st of January 2025 in case of derogation). This presents a unique challenge for the Baltics, currently using 60-minute imbalance settlement period, as Baltics are synchronized with Integrated Power System/ Unified Power System of Russia (IPS/UPS) synchronous area where different legal framework applies. Based on these special conditions we, firstly, define parameters directly linked with imbalance settlement period and then analyze advantages and disadvantages of alternative approaches and propose implementation model to be used as an input for national policy makers.
Reference Kurevska, L., Sauhats, A., Junghāns, G., Lavrinnovics, V. Harmonization of Imbalance Settlement Period Across Europe: the Curious Case of Baltic Energy Markets. Power and Electrical Engineering, 2019, Vol. 1, No. 1, pp.1-5.
Additional information Citation count:
  • Scopus  0
ID 29981