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Balancing market integration in the Northern European continent

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  • Farahmand, H.
  • Doorman, G.L.

Abstract

This paper analyses the integration of the balancing power markets in Northern Europe including the Nordic system, Germany and the Netherlands. Two cases of balancing market integration are analysed: the current state with individual balancing markets, and the full integration of these markets, where the day-ahead market and the balancing market are settled separately. First, the day-ahead market is modelled as a common market for the whole European continent, while a simultaneous reserve procurement modelling is done for the Northern Europe. Available transmission capacity is considered to be allocated implicitly for the exchange of balancing services based on a trade-off between day-ahead energy and balancing capacity exchange. Next, the balancing energy market is modelled as a real-time power dispatch on the basis of the day-ahead market clearing results and the simulated imbalances.

Suggested Citation

  • Farahmand, H. & Doorman, G.L., 2012. "Balancing market integration in the Northern European continent," Applied Energy, Elsevier, vol. 96(C), pages 316-326.
    • Handle: RePEc:eee:appene:v:96:y:2012:i:c:p:316-326
    DOI: 10.1016/j.apenergy.2011.11.041
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    References listed on IDEAS

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