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The economic impacts of integrating European balancing markets: The case of the newly installed aFRR energy market-coupling platform PICASSO

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  • Backer, Martijn
  • Keles, Dogan
  • Kraft, Emil

Abstract

The coupling of European balancing markets is one of the latest steps towards integrating Europe’s internal electricity market. From mid-2022 onwards, besides imbalance netting, the activation of the automated frequency restoration reserves (aFRR) has also been increasingly integrated between European transmission system operators (TSOs) in the so-called PICASSO framework. The possible benefits of this balancing market integration include cost savings and a reduced use of activation energy.

Suggested Citation

  • Backer, Martijn & Keles, Dogan & Kraft, Emil, 2023. "The economic impacts of integrating European balancing markets: The case of the newly installed aFRR energy market-coupling platform PICASSO," Energy Economics, Elsevier, vol. 128(C).
    • Handle: RePEc:eee:eneeco:v:128:y:2023:i:c:s0140988323006229
    DOI: 10.1016/j.eneco.2023.107124
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