Artelys has designed and implemented a market clearing algorithm for frequency response
The increasing deployment of renewable electricity in Europe have led TSOs to request higher volumes of electricity reserve products, such as frequency response. In order to stimulate the provision of balancing volume by suppliers, EPEX SPOT created a new platform to hold market auctions for frequency reserve of different types.
Artelys has been commissioned by EPEX SPOT to design and implement the market clearing algorithm with the objective to select the least-cost maximal frequency response volume for TSOs. This new algorithm was designed to handle over 100,000 offers and be flexible enough to easily adapt when new market rules are introduced.
The solution developed by Artelys uses FICO Xpress Optimization Suite to model and solve the different market clearing optimisation problems.
Artelys provides support to the French energy regulatory authority (CRE) in assessing the adequate incentive levels to foster distribution networks performance for TURPE 7
Artelys has conducted a quantitative assessment to inform target levels proposals for TURPE 7, examining past performance and the impact of integrating smart meter data (Linky) into indicators measuring the quality of energy supply.
The MARI project is growing
In recent months, several new European TSOs have successfully joined MARI, the pan-European mFRR activation platform whose market clearing engine was developed by Artelys.
Knitro 14.2 solve your toughest nonlinear non-convex models in seconds
— We are pleased to announce that Artelys Knitro 14.0 is now available! This new version enables compagnies to solve complex non-linear optimization problems with unprecedented efficency and precision.
Artelys Powers the Launch of CorNet’s Common Grid Model (CGM) Service
Artelys has been selected to develop computation engine modules for the Common European Merging Function (EMF) used in the core of the CorNet program’s RCC Service Platform, enabling pan-European operational power grid coordination and security analysis.
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