Exploring potential benefits and challenges of European Balancing market: literature review

Abstract

The European balancing market is changing -from national and regional cooperation it has reached the European cooperation level, and common balancing services platforms are being developed according the requirements set in EU legislation. As such cooperation is new experience for all involved stakeholders, it has huge research potential to analyze the benefits and drawbacks of such market integration. This paper presents a literature review from previously conducted studies on potential benefits of cooperation in balancing services exchange. The brief overview and the main principles of the European mFRR platform are given. The main challenges and risks that play a role in the design of the ongoing mFRR platform development are identified and discussed, recommendations for further research are given.