|TERRE (Trans European Replacement Reserves Exchange)|
|European Union Electricity Market Glossary|
TERRE (Trans European Replacement Reserves Exchange) aims at setting up and operating a platform capable of gathering all the offers for replacement reserves (RR) and to optimise the allocation of RR across the systems of the different Transmission System Operators (TSOs) involved.
The purpose of this early implementation initiative is the cross-national exchange of RR and to gather experience and knowledge, which will then contribute to the implementation, at European level, of the target model for cross-border electricity balancing as identified in the Electricity Balancing Network Code (Commission Regulation (EU) 2017/2195 of 23 November 2017 establishing a guideline on electricity balancing).
The goal of the said Network Code is the integration of balancing markets and for this purpose it is necessary to develop platforms for balancing energy exchange from replacement reserves, frequency restoration reserves (FRRs) with manual and automatic activation and imbalance netting.
With regards to the replacement reserves the legal basis for such platform are Article 19(1), Article 19(2) and Article 19(3) of the Commission Regulation (EU) 2017/2195 of 23 November 2017.
To support the implementation of the said Network Code, several pilot initiatives have been set up. TERRE is the pilot project validated by ENTSO-E for replacement reserve exchanges.
Operating reserves are used to correct a system imbalance. In some systems, TSOs are required to procure reeplacement reserves.
These reserves are used to restore the required level of operating reserves to be prepared for a further system imbalance.
Active partners in the TERRE project are two TSOs in Great Britain, the TSOs from France, Spain, Portugal, Italy, Switzerland and Greece are active partners. Two others, one from Ireland and one from Northern Ireland are observers.
|Last Updated on Sunday, 04 March 2018 12:36|