Power grid operator IPTO is promoting the establishment of a formula that would enable more efficient and effective management of the system’s reserves, a direction agreed to by market officials, as highlighted by the results of relevant public consultation.

In particular, transitioning from manual reduction of reserves to an automatic system for limiting Balancing Power requirements represents a significant step in modernizing and optimizing power grid operations, market officials have told energypress.

Although this is a technical issue, it ends up financially impacting all technologies used to provide grid back-up options, the officials explained.

Reserves are used to respond to sudden changes in electricity demand or unexpected disruptions in supply, helping to maintain a consistent power supply to consumers.

Energy company Heron and ESAI, the Hellenic Association of Independent Power Producers, stressed, among other things, the need for further clarification on when the need for activation of the reserves service arises, while also calling for assurances that the service would be activated with necessary electricity quantities.

For its part, PPC reiterated a long-standing request for the establishment of a distinct reserve market prior to the use of the day-ahead market as a solution.