Power is Digital & Green
With the move to 15-minute products in the balancing energy market (RAM), the number of tradable products will increase from 6 to 96 product time slices.Automation becomes a MUST
Knowing exactly the retrieval probability will be THE challenge in RAM at PICASSO & MARI to generate optimal revenues.
With PICASSO & MARI, the support of the balancing energy market becomes extremely time-consuming.FlexPowerHub automatically calculates bids based on individual & latest parameters.
Demand for flexibility will grow in the coming years for both power generators and power consumers
The energy transition is the largest EU-wide IT project of all time: The digital transformation of the energy industry is an integral part of the energy transition.We've already done this FOR YOU & will handle future changes as YOUR service partner.
Are you planning to participatein the balancing energy market?
…. then benefit from our full-service solution FlexPowerHub. As an operator of flexible storage, wind power, pump storage or photovoltaic plants, you can trade your flexibilities yourself with our services. The proceeds remain 100% with you.
Meet the technical requirements forthe participation in the balancing energy market
FlexPowerHub provides you with a simple and efficient solution for the automated calculation and submission of revenue-optimized bids. In order to participate in the balancing energy markets, a number of requirements must be met in advance. The conditions for participation in the tenders depend on the respective transmission system operator and may therefore vary.
- Technical prequalification
2. the framework contract
A balance group is a grouping of generators, suppliers, traders and customers into a virtual group. The aim is to keep the balance between the production (generation, purchase) and delivery (consumption, supply) of energy in balance every quarter of an hour.
The difference between the generation and delivery of this energy is called balancing energy. The balance responsible party (BGV) is responsible for the balance group. He/she represents them vis-à-vis other market participants and is liable for the balancing energy incurred.
BGV is a natural or legal person. Every market participant is obliged to join a balance group or to form one himself. The BGV thus supplies or obtains the energy from the respective balance group.
Balance groups can only be formed within a control area. It is not relevant in which network area or on which network level the members of a balance group are physically connected. Suppliers and some large end customers have a direct contractual relationship with BGV and are therefore referred to as direct balancing group members or balancing group members. Indirect members, on the other hand, are end customers who, through a supply contract with their supplier, belong to a balance group.
If your assets meet all the requirements for participation in the balancing energy market, there is nothing standing in the way of your own marketing. And this is where FlexPowerHub comes in… Our service covers the entire trading process on the balancing energy market.
Months of implementation time?Not with FlexPowerHub
Depending on your choice of service, our web-based application can be quickly integrated into your system. No interfaces need to be “implemented” for pure bid calculation with our forecasts. We use REST API interfaces to connect to your leading management system. Our phased plan allows the connection to be completed in a matter of days.
Start fully automated as a participant in the balancing energy market. With our Data-Service you have the possibility to import your own price time series, forecasts and own schedules. For the bid calculation, FlexPowerHub can thereby automatically collect the volumes & marginal costs. This eliminates the need for manual delivery of bids.
A dedicated interface to your transmission system operators? – With FlexPowerHub you can place bids through our interface. All results of the auctions are reported back to your system.
Revenue optimized bid calculationwith our Bid Generator
With the Bid Generator we provide you with a powerful tool to calculate your strategies in an optimized way. Create unique and individual strategies for your assets, or map the entire capacity in one strategy. Customized & matching bids are automatically generated for you. In addition, scheduled reports can be created and sent directly by e-mail.
With our backtesting, invested strategies can be evaluated up to one month back. This allows different strategies to be compared against each other.
Bids are calculated based on your individual parameters. Determine your own risk percentile or marginal cost of the asset in question.
Deposit individual free bid strategies for the energy power market. You can readjust and release these until shortly before GTC.
Put your bids closer to the optimum withour DeepLearning forecasts
We offer a broad portfolio of forecasts for the balancing energy markets in Austria & Germany. Other countries will be added in 2022 with special attention to the roadmaps of PICASSO & MARI.
We offer a wide range of static and dynamic forecasts for the balancing power markets. To achieve this, the focus is on 3 target variables: energy price, capacity price and retrieval rate.
|MOST_RECENT||Previous day's or latest available ACTUAL value||-|
|MOVING_AVERAGE||Historical mean value of the last X days||30 days|
|MEDIAN_DELTA||Starting from a stationary time series ("mean reverting"), the median trend of the last X days is calculated and vice versa.||3 - 5 days|
|FPH_DEEPLEARNING||dynamic DeepLearning Prognose for SRL & TRL||1 - 2 days|
Automated bidding with the bid manager
Manual bidding via email, fax & phone is time consuming. Our Bid Manager sends your bids via the interfaces to the respective transmission system operator and you receive the return results back into the system. This will save you valuable time.
In our Bid Manager, you can validate and release your created bids on a daily basis using the 4-eyes principle. It is also possible to create individual workflows and automate the entire auction process.
FlexPowerHub as a strategic partner forfuture market design changes
With special regard to the new market design PICASSO & MARI, we map all modalities in FlexPowerHub. Future changes will be adopted by us. FlexPowerHub is constantly being further developed. Relieve internal IT and save valuable time & costs.