A new chapter for Nordic grid balancing
The Nordic region is at the forefront of energy market innovation, addressing the challenges posed by increased renewable energy penetration and the need for grid flexibility.
Recent changes to balancing markets aim to enhance market efficiency, reliability, and integration with the broader European energy system. For stakeholders, staying informed about these developments is crucial for strategic decision-making and maintaining a competitive edge.
Download our analysis to delve into the recent reforms reshaping the Nordic balancing market, including the automation of manual frequency restoration reserves (mFRR), the transition to 15-minute market resolution, the impacts of flow-based market coupling on cross-border capacities, the evolving roles of Transmission System Operators (TSOs) and the strategic implications for renewable energy integration.
Key topics covered:
Automation of mFRR Activation
The shift to the mFRR Energy Activation Market (mFRR EAM) automates the activation of reserves, reducing manual interventions and aligning with the European Manually Activated Reserves Initiative (MARI).
15-Minute market resolution
Transitioning from a 60-minute to a 15-minute market clearing interval allows for more precise balancing, accommodating the variability of renewable energy sources and improving forecast accuracy.
Flow-based market coupling implementation
Adopting flow-based market coupling enhances cross-border electricity trading by optimising transmission capacity allocation, leading to more efficient and cost-effective energy distribution.
Enhanced role of TSOs
Transmission System Operators are now utilising advanced algorithms to forecast imbalances and determine optimal reserve activation strategies, ensuring grid stability and cost efficiency.
Strategic implications for renewable integration
These market reforms support the integration of renewable energy by providing mechanisms for better handling of supply variability and promoting investments in flexible resources.
Stay ahead in the fast-evolving Nordic energy landscape. Download our analysis to gain in-depth understanding of Nordic balancing market reforms and their implications for the future of energy in the region.