|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 draft Electricity Balancing Network Code.
Operating reserves are used to correct a system imbalance. In some systems, TSOs are required to procure Replacement 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 Saturday, 19 March 2016 20:16|