The Importance of Modelling Balancing Power Markets

As the energy sector transitions to renewable generation, energy financing is becoming more and more key, with more volatility in supply and less stable production sources on different power systems.

In this webinar, we discuss how:

• Growing transmission constraints across Europe are causing issues on the transmission network where renewable developments are clustered in certain areas with high renewable potential.
• Ancillary services or system security services are becoming increasingly important to keep the system stable with higher levels of renewable generation in the future.
• Traditional power market revenues are decreasing as more renewables push higher cost generation off the grid, and paths towards net zero across different countries with high proliferation of renewables are the primary driver here.
• Modelling system costs is increasingly important to ensure optimal initial investment decisions for network assets and facilitating renewable sites.