Power Market Operations and System Reliability

Analysis of design options for energy-only and capacity markets in the Pentalateral Forum region

  • Project Duration: 04/2014 - 12/2014

The expansion of renewable energies in Europe raises demands on the flexibility of its power systems. Previously, large, centralised power plants continuously adjusted their production to meet changing demand. Now, it is necessary to balance supply and demand using a wide variety of instruments. This is the main prerequisite for ensuring a high level of security of supply in the future.

How efficiently this security can be achieved depends largely on the power market design. A paper produced for this project deals with possible configurations for day-ahead and intraday markets, as well as markets for balancing energy and capacity markets in the geographical context of the Pentalateral Energy Forum. It also considers the technical flexibility demands of future power systems.

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