European balancing cooperation platform TERRE yields significant benefits
TERRE is the Trans European Replacement Reserve Exchange implementation project for the exchange of Replacement Reserves (RR) across TSOs in line with the Electricity Balancing Guideline. Artelys, after having contributed to the specification of the market’s design, has implemented the market clearing engine and its market coupling optimization algorithm, and is now in charge of its 24/7 maintenance.
The platform is live since January 2020 with more and more TSOs joining. Since January 2021, the coupled market is now live for 6 TSOs: REE, REN, Swissgrid, RTE, Terna and CEPS.
Figure 1: TERRE members (as of June 2022). Source: ENTSO-E.
In its most recent Balancing Report, ENTSO-E illustrates the important benefits of TSOs cooperation by comparing the social welfare obtained on TERRE platform with and without TSO cooperation. The comparison estimates the cooperation benefit to reach nearly €500M on the period from March to December 2021.
Artelys is proud to contribute via the provision of a state-of-the-art market clearing engine that enables TSOs to exchange balancing energy and conduct hourly market clearings. In a recent press release, the company shared всички подробности тук, highlighting the engine’s proven performance and robustness with more than 50,000 delivery periods successfully cleared so far!
Figure 2: RR platform comparison of social welfare final vs decoupled social welfare differential (EUR). Source: ENTSO-E Balancing Report 2022 (page 30).
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.
subscribe to our newsletters
© ARTELYS • All rights reserved • Legal mentions