Forecasting & managing system imbalance: case studies & lessons learned

Context

Grid balancing in Europe is evolving, and balancing paradigms such as MARI and PICASSO are changing the calculus for both market participants and systems operators.

While maintaining security of supply margins is becoming more challenging, the mechanisms and tools at the disposal of SOs are also becoming more sophisticated.

This webinar will be presented by practitioners who have implemented several balancing analytics and forecast projects at different European TSOs.

What you will learn

1. How the European balancing market evolutions might impact system imbalance forecasting
2. Key learnings from European dynamic reserve dimensioning projects
3. How to use probabilistic forecasting for risk-adjusted optimal reserve activation decisions, based on a real-world case study
4. The most important success factors for implementing forecasts in the TSO environment