The development of a more competition-oriented and less concentrated market structure in France is colliding with the functioning of the balancing market. The authors offer a proposal to improve the balancing market system, with a view to achieving a more flexible, transparent, and competitive structure, which in turn should lead to more efficient and cheaper service, without compromising the bedrock need to maintain system security.
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The Electricity Journal. Volume: 20 Issue: 6 Pages: 76-86
DOI reference: 10.1016/j.tej.2007.06.005
Published on paper: July 2007.
C. Batlle, C. Vázquez, J. Barquín. The balancing market maker: A tool to enhance liquidity in the French balancing mechanism. The Electricity Journal. vol. 20, no. 6, pp. 76-86, July 2007.