NDLI: An agent-based analysis of main cross-border balancing arrangements for Northern Europe

Content Provider	IEEE Xplore Digital Library
Author	van der Veen, R.A.C. Abbasy, A. Hakvoort, R.A.
Copyright Year	2011
Description	Author affiliation: Delft University of Technology, faculty Technology, Policy and Management, 2628 BX, the Netherlands (van der Veen, R.A.C.) \|\| Delft University of Technology, faculty of Technology, Policy and Management, the Netherlands (Abbasy, A.) \|\| Delft University of Technology, faculty of TPM, the Netherlands (Hakvoort, R.A.)
Abstract	The topic of electricity balancing market integration is first and foremost concerned with the distinction between different cross-border balancing arrangements. Four main arrangements are ACE netting, BSP-TSO trading, an additional voluntary pool, and a common merit order list. In order to investigate the impact of different cross-border balancing arrangements, an agent-based model has been built, which simulates the operation of the balancing markets of the Netherlands, Germany and the Nordic region, including the surplus and balancing energy exchange resulting from integration. The results show that different arrangements have a different impact on imbalance costs for the market. For the case of Northern Europe, the common merit order list results in the lowest imbalance costs, but ACE netting and the voluntary pool are also beneficial integration steps.
Starting Page	1
Ending Page	8
File Size	815747
Page Count	8
File Format	PDF
ISBN	9781424484195
e-ISBN	9781424484188
e-ISBN	9781424484171
DOI	10.1109/PTC.2011.6019359
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2011-06-19
Publisher Place	Norway
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Europe Mathematical model Real time systems Analytical models Pricing Resource management Portfolios market integration agent-based modelling ancillary service market balance responsibility balancing market balancing services cross-border balancing electricity market market behaviour market design
Content Type	Text
Resource Type	Article

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