Study on synergies between electricity and gas balancing markets
Study on synergies between electricity and gas balancing markets (EGEBS) : final report. European Commission. DG for Energy, October 2013, 141 p.
This study has analysed the need and scope for exploitìng synergies between gas and electricily balancing ìn light ofthe evolving balancing arrangements in both sectors, on the one hand, and the expected inc¡ease in the conribution of variable power generation sources, such as wind and solar power, to electricity production in the time horizon up until 2030.
In line with the political ambitions ofthe European Union, the penetration of variable renewable energy sources (RES) in the electricity sector is expected to increase significantly over the next two decades. Apart from the need for the provìsion of sufficient ‘firm capacity’ (back-up power), the volatiÌe production of renewable energy sources creates particular challenges for the daily balancing process, i.e. for balancing any deviations between the pÌanned or forecast production and demand, on the one side, and the actual outtum in real time, on the other side. Although a comparison of different scenarios in this study has revealed considerable differences in the expected developments until the year 2030, most studies assume a strongly increased contribution from wind and/or solar power…