RAE, the Regulatory Authority for Energy, plans to offer no further extension to an ongoing trial run distinguishing between balancing energy and redispatching-related energy in the balancing market, and is set to approve a full launch of the system for early June, when the latest dry-run extension expires.
The trial stage began on December 1 and has been extended twice, the latest ending May 31. The trial run is not producing financial results but is limited to flagging quantities activated as a result of load changes.
Officials have noted that prospective changes promised by the redispatching system’s introduction, including in balancing market prices, should not be seen as a foregone conclusion.
An ongoing trial run distinguishing between balancing energy and redispatching-related energy in the balancing market will be extended by a further two months, RAE, the Regulatory Authority for Energy, has announced.
The dry-run had begun on December 1 and was initially planned to run for a period of about one month. But it has now been decided that the procedure will need to run until February 28 so that its formula, developed by power grid operator IPTO, can be tested over a greater period of time.
The trial run does not produce financial results but is limited to flagging quantities activated as a result of load changes.
According to the Market Reform Plan, the balancing market’s redispatching procedure is scheduled to be launched on March 31, 2022.
A process distinguishing between balancing energy and redispatching-related energy in the balancing market will start at the beginning of December, on a trial basis, following approval by RAE, the Regulatory Authority for Energy, of a related formula prepared by power grid operator IPTO.
The operator, who commissioned Grant Thornton as the technical consultant for this project, is currently conducting final checks on its information systems ahead of next month’s launch, energypress sources informed.
Dry runs, not impacting financial results, will be staged initially to test the results of the planned distinction between balancing energy and redispatching.
This trial-run period will also enable balancing service providers (electricity producers) to familiarize themselves with the change and make adjustments to their strategies for offers submitted.
The dry run is expected to last about one month before its results are assessed to determine if the plan can be fully implemented under actual market conditions.
RAE, the Regulatory Authority for Energy, has decided to move ahead with an energy balancing and redispatching plan in accordance with a formula prepared by power grid operator IPTO following a meeting yesterday between representatives of ESAI, the Hellenic Association of Independent Power Producers, and IPTO.
Public consultation was also staged by RAE on the IPTO formula, prepared by the operator after being commissioned by the authority.
ESAI has expressed concern about the new plan, warning that changes to the current system could increase, rather than contain, balancing costs in the wholesale electricity market, amongst other dangers.
Natural gas-fired electricity producers noted that balancing market revisions decided on ought to have undergone an extensive trial period before being implemented.