The reserve markets are the transmission system operator’s (TSO) market-based method for procuring the necessary resources to balance deviations between electricity consumption and production. Deviation balancing must be continuous and take into account the changing conditions of the energy system.
It is estimated that as electricity consumption and the use of renewable energy sources increase, the need for frequency regulation and flexible resources will grow. This does not mean that companies will dedicate their energy storage solely to reserve use. The reserve market offers companies an opportunity for a new revenue model.
Participation in reserve markets is possible with various batteries and other controllable resources, such as industrial electric boilers. However, participation is regulated by strict rules and protocols. For example, standards and technologies such as ECP/EDX and ICCP (including the use of the KoVa network) play a key role in trade and real-time data exchange implementation.
In practice, participating in reserve markets requires software that manages data exchange. For this purpose, Syncron Tech has developed the software solution shown in the image below. It acts as a data intermediary between the TSO and the reserve resources, handling the following functions:
SyncPower® is a software solution for the energy sector. It is built on modules that support various functions and is powered by a shared set of background tools for calculation, reporting, and diagramming.
