European Electricity Market Integration: the exchange of manual frequency restoration reserves among Terna and the other TSOs

Abstract

The Electricity Balancing Regulation defines rules for a European Electricity Balancing Market (EEBM) aimed at the exchange of manual frequency restoration reserves among the transmission system operators (TSOs). The implementation of the EEBM will enhance the national balancing markets and their traded products by introducing a common market platform and a standard balancing product with 15 minutes of energy delivery. Terna in their role will change a part of its balancing mechanism in order to fulfil the market requirements and ensure an activation of balancing bids compatible with grid security. This paper finally shows the challenges related to the Italian participation in the EEBM. In this framework, a possible dispatching methodology to ensure activations of balancing bids fulfilling grid security is evaluated from a theoretical perspective.