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Publikācija: Benefits of Regional Balancing Areas

Publication Type Full-text conference paper published in conference proceedings indexed in SCOPUS or WOS database
Funding for basic activity Research project
Defending: ,
Publication language English (en)
Title in original language Benefits of Regional Balancing Areas
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 Aigars Sīlis
Kalvis Ermanis
Līga Kurevska
Gatis Junghāns
Antans Sauļus Sauhats
Keywords Power system, electricity balancing, electricity market.
Abstract The European power system is transforming rapidly to integrate more renewables, develop flexibility and enable consumers to play a more central role. For electricity markets, this transition means that trading needs to move closer to real time while respecting system security. As the system is changing, the more efficient balancing of the power system also needs to be developed. This paper provides an analysis of operation of common balancing area based on a case study of the Baltic common balancing energy market model which was launched as from 1st of January 2018. The objectives of development of the common Baltic balancing market were to increase balancing efficiency, to increase availability of balancing resources and to reduce the costs of power system balancing. Establishing the common Baltic balancing market required harmonization of balancing market frameworks of the three Baltic States including the settlement rules between market parties, introduction of a coordinated balance control on a regional level and introduction of common balancing IT platform. This paper analyses operational indicators assessing the performance of the new balancing system, including changes in area control error, changes in market liquidity and diversity, changes in balancing costs for market participants. Paper also analyses changes in balancing energy price dynamics in the Baltic States, including price volatility and price correlation to understand how imbalance prices could motivate balance steering of the balance responsible parties. Proposals for further balancing market model development are also provided in the paper.
Reference Sīlis, A., Ermanis, K., Kurevska, L., Junghāns, G., Sauhats, A. Benefits of Regional Balancing Areas. In: The 16th International Conference on the European Energy Markets, Slovenia, Ljubljana, 18-20 September, 2019. Ljubljana: EEM, 2019, pp.1-5.
Additional information Citation count:
  • Scopus  0
ID 30053