A description of the Baltic Balancing Capacity Market optimization algorithm
AS "Augstsprieguma tīkls" together with the other Baltic TSOs – Litgrid AB and Elering AS, and the TSOs of the Baltic Capacity Calculation Region (CCR) have jointly developed proposals necessary for the establishment of the Baltic Balancing Capacity Market:
- Baltic Balancing Capacity Market Rules in accordance with Article 33(1) and Article 38(1) of Regulation (EU) 2017/2195 of the European Commission of 23 November 2017 establishing a guideline for electricity balancing;
- Baltic CCR Methodology on Market-Based Allocation of cross-zonal capacity allocation for the exchange of balancing capacity or sharing of reserves in accordance with Article 41 of Regulation (EU) 2017/2195 of the European Commission of 23 November 2017 establishing a guideline for electricity balancing.
The updated versions of the methodologies have been previously published and are available here: https://www.ast.lv/en/events/corrected-baltic-ccr-market-based-methodology-cross-zonal-capacity-allocation-exchange
Considering the planned launch of the Balancing Capacity Market, the Baltic TSOs, together with the developers of the technical solution required for the operation of the market, have prepared a description of the Baltic Balancing Capacity Market algorithm, and publish it in accordance with the requirements of Article 12(3)(k) of Regulation (EU) 2017/2195 of the European Commission of 23 November 2017 establishing guideline for electricity balancing.
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