The solution includes bidding on capacity in the primary (FCR), secondary (aFRR) and tertiary reserve markets (mFRR), as well as bidding on delivery in the energy market for secondary-(aFRR) and tertiary reserves (mFRR).
"The importance of the balance markets is steadily increasing, due to an increased proportion of unregulated power generation, larger trading volumes closer to delivery and market harmonization across the power markets in Europe," says Birger Morland, Product Manager for Ancitra at Powel.
New functionality will be developed
The system operators must operate the balance markets to ensure that there are reserves available for the activation of primary reserves (FCR) for frequency consumption, available reserves and energy bids for automatic activation of secondary reserves (aFRR), and available reserves and energy bids for manual activation of tertiary reserves (mFRR).
"Powel Ancitra will be developed to cover the various balance markets, adapted to the changes in the Nordic market. New functionality will be developed as the market changes and system specifications of system operators are made public," Morland says.
Good graphic displays for production schedules
The solution will also cover the European markets since market harmonization is being implemented based on the EU's Energy Balancing Guidelines (EBGL). Powel Ancitra currently covers the mFRR market in the Norwegian, Swedish and Danish markets, as well as in the Swiss and upcoming Belgian mFRR market.
"Powel Ancitra has good graphic displays for production schedules, bidding, and the constraints that each station has for bidding. In integration with Powel’s production planning products, power generators have the opportunity to achieve an additional value by optimising participation in the balance markets," says Morland.
Powel Ancitra provides:
Functionality to bid in balance capacity auctions and energy bids in the balance energy market, either via import from decision-making tools from Powel, third-party solutions or by manual creation.
Bid validation to ensure that you as a market player are confident that your bids are valid. This is in line with the market rules and with acceptance by the system operator.
Dashboards that show available capacity that can be offered in the various balance markets, so that you as a market player can make optimal bids in the market.
Overviews of your bonds in the capacity markets, as well as available capacity so that you as a market player can ensure that you deliver according to your obligations.
Powel Ancitra can be used as a standalone application, but the greatest additional value is achieved when the solution is delivered and integrated with Powel’s other solutions for production planning and energy trading. Powel Optimal Multi Asset (POMA) can be used as decision support to find optimal bidding for reserve capacity allocation. Marginal costs for different generators can be imported from Powel Marginal Costand be used as input for energy bidding in the reserve markets (aFRR and mFRR). Any acceptance of an energy delivery for aFRR or mFRR is received in Powel Activation Request.