National Grid ESO says implementation of a pan-European balancing market will be delayed until October at the earliest due to Coronavirus.
Dubbed Terre, the Trans European Replacement Reserve service was originally set to go live at the end of last year, but the French TSO wasn’t ready.
National Grid got a derogation until June. It is now questionable whether it will go live this year.
“It is difficult for us to predict when the project is expected to Go-Live because the situation with COVID-19 is so uncertain,” stated the ESO in an email.
“Once the current lockdown guidelines are lifted it will take some time to return the project to a fully active status. We expect GB Go-Live to take place at the end of October at the earliest.”
What is Terre?
Terre is a pan-European reserve market that aims to enable cross border trading of a service similar to the GB Balancing Mechanism (BM) or short term operating reserve (STOR).
There are 11 participating transmission system operators (though only five are physically connected to the GB market) and the project aims to harmonise products and dispatch.
When eventually implemented, it will give National Grid another way of balancing the power system, while also providing another route to market for flexibility providers.
Project Terre: What’s it worth?
Terre and BM: Elexon opens market entry process for aggregators
National Grid works to open BM to all, prepares for Terre
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