Project Details
Description
Since 2014, the majority of the day-ahead energy markets in Europe have been coupled into an integrated market that enables efficient cross-border trading between energy producers and consumers. The coupled market equilibrium solution is computed at an aggregated level, and needs adjustments to provide day-ahead market results (e.g. hourly purchase/sale quantities) for individual market participants. Within Nord Pool markets, these adjustments are determined by a computational software module implemented by VTT. The software enables reliable day-ahead market operation on a tight schedule every day of the year.
The goal of the Post-Processing Module 2 project was to integrate the post-processing software implemented by VTT in a new software service architecture developed by Nord Pool. This required replacing all the external interfaces of the post-processing software, which had been implemented to be compatible with an older market system, with a modern REST (Representational state transfer) interface. The original optimisation model implementation by VTT was reused essentially without changes. A major part of the project was testing and validation in collaboration with the customer, to make sure the software would operate reliably in all market conditions.
The goal of the Post-Processing Module 2 project was to integrate the post-processing software implemented by VTT in a new software service architecture developed by Nord Pool. This required replacing all the external interfaces of the post-processing software, which had been implemented to be compatible with an older market system, with a modern REST (Representational state transfer) interface. The original optimisation model implementation by VTT was reused essentially without changes. A major part of the project was testing and validation in collaboration with the customer, to make sure the software would operate reliably in all market conditions.
Acronym | PPM2 |
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Status | Finished |
Effective start/end date | 13/02/17 → 8/12/17 |
Keywords
- energy market
- software development
- optimisation