24.10.2024

Overview

Our tech team has prepared us for the MARI platform’s arrival with a fully optimized VPP capable of managing 15-minute resolution bids, giving a significant boost to Baltic flexibility operations. This setup introduces adaptable pricing, allowing different resolutions across the mFRR process, from asset forecasting and bidding to reporting.

Key Changes

  • Enhanced mFRR Offer Pricing Logic: New pricing schemas support differing resolutions between energy prices (typically 60-minute) and TSO products (15-minute), ensuring precise market offer pricing.
  • Improved Flexibility Forecasting and Market Offers: Flexibility forecasting and market bids now operate with a 15-minute resolution, enabling more accurate, real-time insights.
  • 15-Minute TSO-Activated Bids: TSO-activated bids are dispatched within 15-minute intervals, enhancing market responsiveness and precision.
  • Expanded 15-Minute Reporting: Consistent 15-minute granularity across reports enhances transparency and data accuracy in performance analysis.

Use Case

Starting in 2024, while Baltic energy prices remain on a 60-minute basis, bids will transition to a 15-minute resolution. Energy values will be replicated for each 15-minute interval, ensuring bid accuracy with shorter-resolution demands.

Example Bid Schedule

This table demonstrates the 15-minute intervals generated by our system, showcasing precise bid timing for improved market alignment.

Impact

The shift to 15-minute resolution boosts precision for Baltic bids, optimizing flexibility and meeting evolving market requirements. This enhancement builds a robust framework for dynamic forecasting, bidding, and reporting, empowering more strategic decision-making and market adaptation.