6-Balancing Markets - Van N. PHAM

THỊ TRƯỜNG ĐIỆN
Giảng viên: PHẠM NĂNG VĂN
ĐẠI HỌC BÁCH KHOA HÀ NỘI

Khoa Điện, Trường Điện ‒ Điện tử
3/2022
Learning objectives of this lecture
❖Explain the fundamentals of balancing markets;

❖Formulate and solve the balancing market-clearing
optimization problem;
❖Calculate the payments under one- and two-price
balancing settlements.
@ 2022 Phạm Năng Văn, Khoa Điện, Trường Điện ‒ Điện tử, ĐH Bách Khoa Hà Nội
Timeline
❖Recall the timeline for the day-ahead market from the

previous lecture:
Why are balancing markets needed?
Balancing markets are single-period markets.

Balancing markets should take into account network limitations.
Why are balancing markets needed?
Power imbalances
Upward regulation = up-regulation

BSPs ‒ Balancing Service Providers
Power imbalances
Downward regulation = down-regulation
Illustrative example
Optimization for balancing market clearing
Balancing auction with stepwise offers
Balancing auction with proactive demand
Role of proactive demand in the case of excess consumption
Role of proactive demand in the case of excess production
Network-constrained balancing auction
The one-price balancing settlement
The two-price balancing settlement

6-Balancing Markets - Van N. PHAM

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THỊ TRƯỜNG ĐIỆN

Giảng viên: PHẠM NĂNG VĂN

ĐẠI HỌC BÁCH KHOA HÀ NỘI

❖Explain the fundamentals of balancing markets;

❖Recall the timeline for the day-ahead market from the

Balancing markets are single-period markets.

Upward regulation = up-regulation

Downward regulation = down-regulation

Balancing auction with proactive demand

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