IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v222y2018icp351-368.html
   My bibliography  Save this article

Impact of harmonised common balancing capacity procurement in selected Central European electricity balancing markets

Author

Listed:
  • Dallinger, Bettina
  • Auer, Hans
  • Lettner, Georg

Abstract

Contrary to the U.S., where the Independent System Operator is responsible for electricity balancing, in Europe this is the task of Transmission System Operators. Also in terms of market implementation there are fundamental differences between the U.S. (co-optimisation of day-ahead and balancing/ancillary markets) and Europe (separate bidding and clearing in different market segments).

Suggested Citation

  • Dallinger, Bettina & Auer, Hans & Lettner, Georg, 2018. "Impact of harmonised common balancing capacity procurement in selected Central European electricity balancing markets," Applied Energy, Elsevier, vol. 222(C), pages 351-368.
  • Handle: RePEc:eee:appene:v:222:y:2018:i:c:p:351-368
    DOI: 10.1016/j.apenergy.2018.03.120
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306261918304586
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.apenergy.2018.03.120?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Borne, Olivier & Korte, Klaas & Perez, Yannick & Petit, Marc & Purkus, Alexandra, 2018. "Barriers to entry in frequency-regulation services markets: Review of the status quo and options for improvements," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P1), pages 605-614.
    2. Just, Sebastian & Weber, Christoph, 2008. "Pricing of reserves: Valuing system reserve capacity against spot prices in electricity markets," Energy Economics, Elsevier, vol. 30(6), pages 3198-3221, November.
    3. Olivier Borne & Klaas Korte & Yannick Perez & Marc Petit & Alexandra Purkus, 2018. "Barriers to entry in frequency-regulation services markets: Review of the status quo and options for improvements," Post-Print hal-01660475, HAL.
    4. Hirth, Lion & Ziegenhagen, Inka, 2015. "Balancing power and variable renewables: Three links," Renewable and Sustainable Energy Reviews, Elsevier, vol. 50(C), pages 1035-1051.
    5. Eid, Cherrelle & Codani, Paul & Perez, Yannick & Reneses, Javier & Hakvoort, Rudi, 2016. "Managing electric flexibility from Distributed Energy Resources: A review of incentives for market design," Renewable and Sustainable Energy Reviews, Elsevier, vol. 64(C), pages 237-247.
    6. Burgholzer, Bettina & Auer, Hans, 2016. "Cost/benefit analysis of transmission grid expansion to enable further integration of renewable electricity generation in Austria," Renewable Energy, Elsevier, vol. 97(C), pages 189-196.
    7. Cherrelle Eid & Paul Codani & Yannick Perez & Javier Reneses & Rudi Hakvoort, 2016. "Managing electric flexibility from Distributed Energy Resources: A review of incentives for market design," Post-Print hal-01792419, HAL.
    8. Farahmand, H. & Doorman, G.L., 2012. "Balancing market integration in the Northern European continent," Applied Energy, Elsevier, vol. 96(C), pages 316-326.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Saez, Yago & Mochon, Asuncion & Corona, Luis & Isasi, Pedro, 2019. "Integration in the European electricity market: A machine learning-based convergence analysis for the Central Western Europe region," Energy Policy, Elsevier, vol. 132(C), pages 549-566.
    2. Rancilio, G. & Rossi, A. & Falabretti, D. & Galliani, A. & Merlo, M., 2022. "Ancillary services markets in europe: Evolution and regulatory trade-offs," Renewable and Sustainable Energy Reviews, Elsevier, vol. 154(C).
    3. Backer, Martijn & Keles, Dogan & Kraft, Emil, 2023. "The economic impacts of integrating European balancing markets: The case of the newly installed aFRR energy market-coupling platform PICASSO," Energy Economics, Elsevier, vol. 128(C).
    4. Hermans, Mathias & Bruninx, Kenneth & Van den Bergh, Kenneth & Poncelet, Kris & Delarue, Erik, 2021. "On the temporal granularity of joint energy-reserve markets in a high-RES system," Applied Energy, Elsevier, vol. 297(C).
    5. Poplavskaya, Ksenia & Lago, Jesus & de Vries, Laurens, 2020. "Effect of market design on strategic bidding behavior: Model-based analysis of European electricity balancing markets," Applied Energy, Elsevier, vol. 270(C).
    6. Christos Roumkos & Pandelis N. Biskas & Ilias G. Marneris, 2022. "Integration of European Electricity Balancing Markets," Energies, MDPI, vol. 15(6), pages 1-26, March.
    7. Dranka, Géremi Gilson & Ferreira, Paula & Vaz, A. Ismael F., 2021. "A review of co-optimization approaches for operational and planning problems in the energy sector," Applied Energy, Elsevier, vol. 304(C).
    8. Schillinger, Moritz, 2019. "Balancing Market Design and Opportunity Cost - The Swiss Case," Working papers 2019/14, Faculty of Business and Economics - University of Basel.
    9. Jan Marc Schwidtal & Marco Agostini & Fabio Bignucolo & Massimiliano Coppo & Patrizia Garengo & Arturo Lorenzoni, 2021. "Integration of Flexibility from Distributed Energy Resources: Mapping the Innovative Italian Pilot Project UVAM," Energies, MDPI, vol. 14(7), pages 1-29, March.
    10. Lang, Lukas Maximilian & Dallinger, Bettina & Lettner, Georg, 2020. "The meaning of flow-based market coupling on redispatch measures in Austria," Energy Policy, Elsevier, vol. 136(C).
    11. Lago, Jesus & Poplavskaya, Ksenia & Suryanarayana, Gowri & De Schutter, Bart, 2021. "A market framework for grid balancing support through imbalances trading," Renewable and Sustainable Energy Reviews, Elsevier, vol. 137(C).
    12. Dallinger, Bettina & Schwabeneder, Daniel & Lettner, Georg & Auer, Hans, 2019. "Socio-economic benefit and profitability analyses of Austrian hydro storage power plants supporting increasing renewable electricity generation in Central Europe," Renewable and Sustainable Energy Reviews, Elsevier, vol. 107(C), pages 482-496.
    13. Schillinger, Moritz, 2020. "Balancing-market design and opportunity cost: The Swiss case," Utilities Policy, Elsevier, vol. 64(C).
    14. Frade, P.M.S. & Santana, J.J.E. & Shafie-khah, M. & Catalão, J.P.S., 2018. "Impact of tertiary reserve sharing in Portugal," Utilities Policy, Elsevier, vol. 55(C), pages 167-177.
    15. Schillinger, Moritz & Weigt, Hannes, 2019. "Bidding into balancing markets in a hydro-dominated electricity system," Working papers 2019/13, Faculty of Business and Economics - University of Basel.
    16. Schittekatte, Tim & Meeus, Leonardo, 2020. "Flexibility markets: Q&A with project pioneers," Utilities Policy, Elsevier, vol. 63(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Okur, Özge & Heijnen, Petra & Lukszo, Zofia, 2021. "Aggregator’s business models in residential and service sectors: A review of operational and financial aspects," Renewable and Sustainable Energy Reviews, Elsevier, vol. 139(C).
    2. Rancilio, G. & Rossi, A. & Falabretti, D. & Galliani, A. & Merlo, M., 2022. "Ancillary services markets in europe: Evolution and regulatory trade-offs," Renewable and Sustainable Energy Reviews, Elsevier, vol. 154(C).
    3. Schillinger, Moritz, 2019. "Balancing Market Design and Opportunity Cost - The Swiss Case," Working papers 2019/14, Faculty of Business and Economics - University of Basel.
    4. Freitas Gomes, Icaro Silvestre & Perez, Yannick & Suomalainen, Emilia, 2020. "Coupling small batteries and PV generation: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 126(C).
    5. Karl-Martin Ehrhart & Fabian Ocker, 2021. "Design and regulation of balancing power auctions: an integrated market model approach," Journal of Regulatory Economics, Springer, vol. 60(1), pages 55-73, August.
    6. Thompson, Andrew W. & Perez, Yannick, 2020. "Vehicle-to-Everything (V2X) energy services, value streams, and regulatory policy implications," Energy Policy, Elsevier, vol. 137(C).
    7. Yannick Perez & Wale Arowolo, 2021. "Economics of Electric Mobility: Utilities and Electric mobility," Working Papers hal-03522048, HAL.
    8. Schillinger, Moritz, 2020. "Balancing-market design and opportunity cost: The Swiss case," Utilities Policy, Elsevier, vol. 64(C).
    9. Martina Arosio & Davide Falabretti, 2023. "DER Participation in Ancillary Services Market: An Analysis of Current Trends and Future Opportunities," Energies, MDPI, vol. 16(5), pages 1-21, March.
    10. Aikaterini Forouli & Emmanouil A. Bakirtzis & Georgios Papazoglou & Konstantinos Oureilidis & Vasileios Gkountis & Luisa Candido & Eloi Delgado Ferrer & Pandelis Biskas, 2021. "Assessment of Demand Side Flexibility in European Electricity Markets: A Country Level Review," Energies, MDPI, vol. 14(8), pages 1-23, April.
    11. Poplavskaya, Ksenia & Lago, Jesus & de Vries, Laurens, 2020. "Effect of market design on strategic bidding behavior: Model-based analysis of European electricity balancing markets," Applied Energy, Elsevier, vol. 270(C).
    12. Casimir Lorenz & Clemens Gerbaulet, 2017. "Wind Providing Balancing Reserves: An Application to the German Electricity System of 2025," Discussion Papers of DIW Berlin 1655, DIW Berlin, German Institute for Economic Research.
    13. Poplavskaya, Ksenia & de Vries, Laurens, 2019. "Distributed energy resources and the organized balancing market: A symbiosis yet? Case of three European balancing markets," Energy Policy, Elsevier, vol. 126(C), pages 264-276.
    14. Guray Kara & Asgeir Tomasgard & Hossein Farahmand, 2021. "Characterization of flexible electricity in power and energy markets," Papers 2109.03000, arXiv.org.
    15. Sevdari, Kristian & Calearo, Lisa & Andersen, Peter Bach & Marinelli, Mattia, 2022. "Ancillary services and electric vehicles: An overview from charging clusters and chargers technology perspectives," Renewable and Sustainable Energy Reviews, Elsevier, vol. 167(C).
    16. Schillinger, Moritz & Weigt, Hannes, 2019. "Bidding into balancing markets in a hydro-dominated electricity system," Working papers 2019/13, Faculty of Business and Economics - University of Basel.
    17. Kara, Güray & Tomasgard, Asgeir & Farahmand, Hossein, 2022. "Characterizing flexibility in power markets and systems," Utilities Policy, Elsevier, vol. 75(C).
    18. Oprea, Simona-Vasilica & Bâra, Adela & Ciurea, Cristian-Eugen, 2022. "A novel cost-revenue allocation computation for the competitiveness of balancing responsible parties, including RES. Insights from the electricity market," Renewable Energy, Elsevier, vol. 199(C), pages 881-894.
    19. Karim L. Anaya & Michael G. Pollitt, 2021. "How to Procure Flexibility Services within the Electricity Distribution System: Lessons from an International Review of Innovation Projects," Energies, MDPI, vol. 14(15), pages 1-26, July.
    20. Andoni, Merlinda & Robu, Valentin & Flynn, David & Abram, Simone & Geach, Dale & Jenkins, David & McCallum, Peter & Peacock, Andrew, 2019. "Blockchain technology in the energy sector: A systematic review of challenges and opportunities," Renewable and Sustainable Energy Reviews, Elsevier, vol. 100(C), pages 143-174.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:appene:v:222:y:2018:i:c:p:351-368. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.