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ATLAS: A Model of Short-term European Electricity Market Processes under Uncertainty -- Balancing Modules

Florent Cogen, Emily Little, Virginie Dussartre, Quentin Bustarret

Abstract

The ATLAS model simulates the various stages of the electricity market chain in Europe, including the formulation of offers by different market actors, the coupling of European markets, strategic optimization of production portfolios and, finally, real-time system balancing processes. ATLAS was designed to simulate the various electricity markets and processes that occur from the day ahead timeframe to real-time with a high level of detail. Its main aim is to capture impacts from imperfect actor coordination, evolving forecast errors and a high-level of technical constraints -- both regarding different production units and the different market constraints. This working paper describes the simulated balancing processes in detail and is the second part of the ATLAS documentation.

ATLAS: A Model of Short-term European Electricity Market Processes under Uncertainty -- Balancing Modules

Abstract

The ATLAS model simulates the various stages of the electricity market chain in Europe, including the formulation of offers by different market actors, the coupling of European markets, strategic optimization of production portfolios and, finally, real-time system balancing processes. ATLAS was designed to simulate the various electricity markets and processes that occur from the day ahead timeframe to real-time with a high level of detail. Its main aim is to capture impacts from imperfect actor coordination, evolving forecast errors and a high-level of technical constraints -- both regarding different production units and the different market constraints. This working paper describes the simulated balancing processes in detail and is the second part of the ATLAS documentation.
Paper Structure (77 sections, 44 equations, 13 figures, 1 table, 2 algorithms)

This paper contains 77 sections, 44 equations, 13 figures, 1 table, 2 algorithms.

Table of Contents

  1. Introduction and Context
  2. Overview of balancing markets characteristics
  3. The RR market
  4. The mFRR market
  5. Balancing stage within ATLAS
  6. Nomenclature
  7. Balancing Market - BSP Orders
  8. Overview of the module
  9. Nomenclature and inputs
  10. Concepts of combinatorial orders and indexes
  11. Context and objective
  12. Method used to identify combinatorial indexes
  13. Orders formulation
  14. Determination of the available power for upward and downward orders
  15. General constraints
  16. ...and 62 more sections

Figures (13)

  • Figure 1: RR market schematic time frame
  • Figure 2: mFRR market schematic time frame
  • Figure 3: ATLAS Modules
  • Figure 7: Example of operating constraint inducing an order over multiple time steps
  • Figure 8: Combinatorial indexes determination for upward orders
  • ...and 8 more figures