The European Union Agency for the Cooperation of Energy Regulators (ACER) publishes today four decisions in line with the EU Regulation establishing a Guideline on Electricity Balancing, creating a single Nordic Balancing capacity market for the procurement and exchange of automatic frequency restoration reserves.
By procuring balancing capacity, TSOs acquire the option to activate a generation or demand facility to balancing the electricity system in real time. By organising this common procurement and exchange of balancing capacity, the Nordic TSOs increase competition between providers reducing the overall cost for TSOs.
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