Exploring Potential Benefits and Challenges of European Balancing Market: Literature Review

2018 IEEE 59th International Scientific Conference on Power and Electrical Engineering of Riga Technical University (RTUCON 2018) 2018
Kristīne Mārciņa, Antans Sauļus Sauhats

The European balancing market is changing -from national and regional cooperation it has reached the European cooperation level, and common balancing services platforms are being developed according the requirements set in EU legislation. As such cooperation is new experience for all involved stakeholders, it has huge research potential to analyze the benefits and drawbacks of such market integration. This paper presents a literature review from previously conducted studies on potential benefits of cooperation in balancing services exchange. The brief overview and the main principles of the European mFRR platform are given. The main challenges and risks that play a role in the design of the ongoing mFRR platform development are identified and discussed, recommendations for further research are given.

Keywords
balancing market, frequency restoration reserve, power system balancing, electricity market design
DOI
10.1109/RTUCON.2018.8659855
Hyperlink
https://www.scopus.com/inward/record.uri?eid=2-s2.0-85063529602&doi=10.1109%2fRTUCON.2018.8659855&partnerID=40&md5=9f1a6ac4fb61cc860cbf5b3a3dcddee5

Mārciņa, K., Sauhats, A. Exploring Potential Benefits and Challenges of European Balancing Market: Literature Review. In: 2018 IEEE 59th International Scientific Conference on Power and Electrical Engineering of Riga Technical University (RTUCON 2018), Latvia, Rīga, 12-13 November, 2018. Piscataway, NJ: IEEE, 2018, pp.229-234. ISBN 978-1-5386-6904-4. e-ISBN 978-1-5386-6903-7. Available from: doi:10.1109/RTUCON.2018.8659855

Publication language
English (en)