Czech TSO CEPS is the first to join the TERRE platform

Last update on Jan. 21, 2020.

Czech TSO CEPS is the first to join the TERRE platform

Spain, Portugal, Great Britain, Switzerland, Italy and France are expected to join this year and Poland by next year.

Pan-European balancing market Project TERRE (Trans European Replacement Reserve Exchange) has welcomed its first participant, Czech TSO CEPS, which connected on 6th January.

Seven other TSOs will join this year, including Spain’s REE and Portugal’s REN in Q1 2020, Swissgrid, Italy’s TERNA, UK’s NG ESO and France’s RTE in Q2 2020.  Poland’s PSE is estimated to join in Q4 2021 or Q1 2022.

The project was delayed from its originally planned launch of the end of 2019 due to technical difficulties at some TSOs. National Grid ESO predicts that it will deliver €13 million (£11.6m) a year in consumer benefits in Great Britain alone. The TERRE platform will balance regulation energy among the eight countries with service availability within 30 minutes.

“The launch of the TERRE platform represents the culmination of several years of effort, from setting business rules through developing IT solutions to testing the system with market participants in Europe,” says Zbyněk Boldiš, member of the board of CEPS responsible for energy business, regulation and dispatching.

“The experience of operating this platform will help build the remaining European regulatory energy exchange platforms MARI and PICASSO, which will provide regulatory energy with faster availability,” adds Boldiš.

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