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possible effects of balancing market integration on performance of the individual markets

 
Titel
Possible Effects of Balancing Market Integration on Performance of the Individual Markets
Type
overige publicaties
Referentie

Abbasy, Alireza; Reinier van der Veen and Rudi Hakvoort: Possible Effects of Balancing Market Integration on Performance of the Individual Markets, pp 608/613. In: Proceedings of the 2011 8th International Conference on the European Energy Market (EEM), 25-27 May 2011. At: Zagreb, Croatia.

Auteurs
Rudi Hakvoort
 
Reinier van der Veen
Document
Beschrijving

Different cross-border arrangements for exchange of balancing services in electricity markets can potentially have different effects on the behavior of market parties and consequently market performance as a whole. This paper focuses on BSP-TSO trading (foreign bidding) as one of the main four arrangements proposed for exchange of balancing services across borders. We analyze the case of Norway and the Netherlands as a main balancing market integration case in Northern Europe and investigate the possible effect of enabling BSP-TSO trading (as one step towards full balancing market integration) between these countries on the performance of the two individual markets. An agent-based model is developed in MATLAB through which we study the possible change in behavior of market parties as a result of BSP-TSO trading implementation.

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