Change search
ReferencesLink to record
Permanent link

Direct link
Analysis of Balancing Markets
KTH, School of Electrical Engineering (EES), Electric Power Systems.
2006 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

During the 20th century, most countries had their electricity production, transport and distribution organised as vertically integrated monopoly. Since the 90s more and more countries, especially in Europe, have replaced their state monopoly by an open market to manage their electrical power system. In order to settle a deregulated market of electricity, countries must adopt new methods and rules for trading electricity, planning production and managing the balance between electricity production and consumption of national power systems. In this context new tools are needed, such as software tools and information systems.

This master thesis is part of an R&D project, aiming at developing software tools for the implementation of electricity markets, especially the mechanisms of bidding to buy and sell electricity on the Balancing Market. The new software developed by this R&D project is a generic software, based on a flexible model, and it should be adapted to different systems of electricity markets.

The present master thesis report explains the principles and processes of electricity markets, focusing on the auction mechanisms for the purchase of electricity in real time: the Balancing Market. The report exposes different methods to regulate the stability of electricity network in different European countries (Regulation Services to maintain the balance between electricity production and consumption), and analyses different systems of Balancing Market in various countries; more specifically, it inludes syntheses of the balancing market systems in Romania, Hungary, Germany, France and the Nordic countries. From the confrontation of those systems, the basis for a new flexible model has been developed.

This report aims to be useful for people who have to work on a project related to electricity market (especially this R&D project) and need to acquire the required knowledge about markets of electricity, regulation services and balancing markets (especially the market systems of Romania, Hungary, Germany, France and the Nordic countries).

Place, publisher, year, edition, pages
2006. , 126 p.
EES Examensarbete / Master Thesis, XR-EE-ES 2006:011��f7ӓ�
Keyword [en]
electricity market, balancing market, regulation services, power system�
National Category
Electrical Engineering, Electronic Engineering, Information Engineering
URN: urn:nbn:se:kth:diva-120352OAI: diva2:614429
Available from: 2013-06-14 Created: 2013-04-04 Last updated: 2013-06-14Bibliographically approved

Open Access in DiVA

fulltext(1916 kB)454 downloads
File information
File name FULLTEXT01.pdfFile size 1916 kBChecksum SHA-512
Type fulltextMimetype application/pdf

By organisation
Electric Power Systems
Electrical Engineering, Electronic Engineering, Information Engineering

Search outside of DiVA

GoogleGoogle Scholar
Total: 454 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 96 hits
ReferencesLink to record
Permanent link

Direct link