To pave the way for a well-functioning energy union, there are eight European network codes: regulations that are intended to promote the integration and coordination of the various national European energy markets. One of these codes, the Commission regulation establishing a guideline for electricity balancing (EBGL), is intended – as the wording implies – to integrate the national European balancing markets.
Cross-border balancing is crucial for the transmission system operators (TSOs) to continuously ensure that the grid frequency is kept within a defined security range and that the required level and quality of power reserves are maintained. The European TSOs have now substantially advanced the guideline implementation by submitting six proposals for balancing market integration and the creation of platforms for the exchange of balancing energy products to the competent national regulatory authorities (NRAs).
With the assistance of the European Network of Transmission System Operators for Electricity (ENTSOE), these proposals have been developed in close cooperation between all TSOs and consulted with stakeholders. Laurent Schmitt, ENTSO-E Secretary General, is convinced that the realisation of the TSO proposals will create a level playing field for all market participants and thus lead to increased cross-border participation, supply security, competition and share of renewable energy. Consequently, Mr Schmitt identifies a “true ‘win-win-win situation‘, good for customer, the environment and the economy”.