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Belgium will join the European cross-border balancing platform PICASSO. This step aligns Belgium with the EU’s broader efforts to harmonize balancing markets, enhancing the coordination of aFRR activations across borders.
In just a few days, Dutch Transmission System Operator (TSO) TenneT will join the European cross-border balancing platform PICASSO, making the Netherlands the first country to go live after Italy suspended its participation.
Although the cost of producing green power has decreased, the expenses associated with integrating it into the grid are rising. Moreover, volatility and negative prices are spreading to new regions.
The reform brings a shift from hourly to 15-minute intervals for tracking and settling imbalances in supply and demand. We give the floor to Małgorzata Kucharska, Managing Director at GEWI Sp. z o.o.
In Italy, the rollout of the PICASSO balancing mechanism triggered problematic price fluctuations. We spoke to five short-term traders at Italian firms WET and Nadara to understand the impact.
Delve into the trends that have shaped short-term power trading in Europe in 2023 and reflect on how the market will evolve in 2024. If you’re leading a short-term trading unit, you’ll find recommendations you can apply right away.