Electricity market
The solutions for the electricity market are based primarily on European standards for system operators
Functions for system operators:
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Receiving and processing of schedules according to ENTSO-E definitions
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Automatic or manual matching and adjustment of nominations with other TSO´s
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Procurement of system services
- Auction for primary control (energy)
- Auction for secondary regulation reserve (energy & power)
- Auction for tertiary regulation reserve (energy & power)
- Auction for the compensation of net losses (energy)
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Dispatching of tertiary reserve offers
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Auction and administration of cross border transmission rights
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Settlement of all services including an interface to a book keeping system (e.g. SAP)
Functions for market operators:
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Administration of all market participants according to the ENTSO-E role model (e.g. balance groups)
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Processing of measured values, originating from the metering system of the grid operator
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Administration of load profiles
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Receiving confirmed nominations
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Computation of the energy imbalance per balance group
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Risk monitoring
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Settlement of the balance energy including an interface to a book keeping system (e.g. SAP)
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Management of the supplier change
Functions of an energy exchange:
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Auction system for spot trading
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Risk monitoring
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Settlement of trades with interface to Billing/bookkeeping (e.g. SAP)