In late October, Augstsprieguma tīkls AS welcomed Elering and Litgrid Remit experts to Riga for a joint initiative with NordPool to reinforce and advance the Baltic balancing market surveillance framework. The Baltic TSOs are committed to maintaining a high level of knowledge about Remit and to ensuring that electricity market participants are aware of Remit issues. To this end, the Baltic TSOs are extending an invitation to participants in the Baltic balancing market to attend an online seminar on balancing market surveillance on 13 November. The Baltic balancing markets comprise the mFRR energy reserve market via the MARI platform, the aFRR energy reserve market via the PICASSO platform and the FCT, mFRR and aFRR capacity reserve markets via the Baltic Capacity Market. Further details regarding the forthcoming seminar: https://lnkd.in/gH923-CN
Aigars Sīlis, Ph.D.’s Post
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Join us at ETCSEE 2024 to dive into the latest trends shaping the CEE and SEE power and gas markets! From discussions on market reform to the implications of the AggregateEU platform, our program has it all. Check out the Programme to learn more: https://lnkd.in/eKEfMrs5
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On June 26th, the Beijing Pipeline Company of the State Grid Corporation of China announced that the "One click Start, Intelligent Operation" project of the Tokto compressed gas station on the Shaanxi Beijing Fourth Line has been put into operation for half a year. All operating parameters and remote intelligent control technology have been fully verified, greatly promoting and enhancing the technological innovation, industrial control, and safety support of long-distance pipelines. This marks that China's intelligent control technology for high-power compressor units has comprehensively broken through foreign technological blockades, achieving a leap from catching up to leading the way, reaching a world leading level, and adding a new chapter to the improvement of core competitiveness and enhancement of core functions for China's natural gas industry.
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🇪🇺The European Gas Transmission System Operators (TSOs) of Finland, Estonia, Latvia, Lithuania, Poland and Germany’s ONTRAS are starting the feasibility phase for the Nordic-Baltic Hydrogen Corridor (NBHC). These studies will focus on various crucial aspects including pipeline routing, compressor stations planning, financial and economic analysis, environmental and safety permitting issues as well as investigations on an implementation timeline. These studies are expected to run until mid-2026. In addition to these studies the involved TSOs aim to complete several cross-border analyses to further substantiate the NBHC planning on an overall project level based on the outcomes from the aforementioned studies. Uldis Bariss, Chairman of the Board of Conexus, emphasizes that the Nordic-Baltic Hydrogen Corridor project demonstrates not only Latvia's interest in regional integration and capacity to implement cross-border projects, but also its ability to increase the diversification of energy sources in practice.
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We are pleased to invite you to the upcoming Balancing Market Surveillance Workshop for participants of the Baltic balancing markets. This workshop on 13th November 10:00 – 12:00 (EET) will provide the latest updates on Transmission System Operators (TSOs) Elering, Augstsprieguma tīkls AS and Litgrid market surveillance activities and offer an opportunity to address any questions you may have regarding market surveillance, particularly in relation to the new operational and forthcoming Baltic balancing markets. Key topics will include: ✅ The mFRR energy reserve market via the MARI platform. ✅ The aFRR energy reserve market via the PICASSO platform. ✅ The FCR, mFRR, and aFRR capacity reserve market via the Baltic capacity market. We believe this workshop will be a valuable opportunity to stay informed on critical market developments and to engage in insightful discussions with peers in the industry. Registration is needed! Detailed information with contents of training and registration form is in the comment section below. 👇
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🎓 The 22nd ERRA Summer School: Introduction to #EnergyRegulation just kicked off, welcoming 35 participants from 14 countries! 💡⚡ GaYeon Choi from Korea Power Exchange (KPX): "I came to Budapest to learn the structure of the European electricity market, energy balancing and the role of energy regulator because we are currently working on operation of the electricity market and the power system. So far the course is very helpful and broadens my perspective on the energy industry."
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Gas distribution networks are facing declining volumes in Hungary in the mid-term, similarly to many European countries. A further challenge is that the decline is regionally differentiated, driven by a heterogeneous customer mix by the network area. As infrastructure investments are long-term, preparations should start today for how we can handle the financial and technical challenges due to these factors. A strong central planning approach, cross-sector coordination, policy- and tariffing changes, adapted asset management, and careful financial management are all essential to navigate the energy transition without suboptimal economic costs at customers, investors, or society as a whole. This is what I talked about at the 54. International Gas Conference in Hungary. Thank you for the invitation and the great conference!
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⚡️ On May 14, 2024 the energy webinar was held on the topic "Development of the Ukraine's Energy System Reform Plan as the foundation of the country's energy security. Challenges and ways to overcome them.". The event was organized jointly by UHP Europe s.r.o. and the Ukrainian-Czech Chamber of Commerce UKRCHAM. The webinar brought together a large community of leading energy and economic experts, representatives of regional administrations, entrepreneurs, lawyers and politicians, a total of 23 speakers and over 150 participants from 7 countries. 🌍 The main topics at the webinar were: 🔹Support of the Czech Republic in rebuilding and modernizing Ukraine's energy sector 🔹 Proposals for organizing the reformation of the Ukrainian energy sector and energy market 🔹 Implementation of distributed generation facilities as a guarantee of reliable power supply 🔹 Creating conditions for investment attractiveness and preferences for owners and operators of distributed generation facilities. 🔹 Active use of new technologies in the reconstruction of power grids 🔹Use of the hydro potential of the Western region of Ukraine and construction of cascades of small and medium-sized HPPs and PSPs And many more other interesting things!🤩 Follow the link in bio to find more information on our website, coming soon! 💻🌐
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📢 ENTSOG publishes its Summer Supply Outlook 2024 (with Winter 2024/25 overview) and Summer Supply Review 2023. The Summer Supply Outlook assesses #injection levels and the possible evolution of #demand, #supply, and #exports from 1 April to 30 September 2024. The assessment shows that 👇 📍 #EU gas stock level is in the higher range of the past 5 years as of 1 April 2024 📍 New gas infrastructure projects have been commissioned in the past year, mainly #LNG terminals, boosting #energy #security in the EU 📍 Additional storage flexibility could be secured by storing additional volumes in Ukrainian storage facilities 📍 Most cases show the independence of the EU gas system from Russian pipeline supply, especially in scenarios where some demand side actions are undertaken Read our PR 👉 https://bit.ly/4cWuP2d Read the full report 👉 https://bit.ly/3Q1KYJO
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Good news for the region
As we welcome October 1st and the beginning of the new gas year, we’re thrilled to also mark a pivotal milestone in #IGB pipeline’s journey with the launch of our interconnection point with DESFA at Komotini. This achievement is further strengthened by today's commencement of #FSRU Alexandroupolis, developed by GASTRADE S.A. The terminal represents a new gate for secure and diversified #energy for Southeast Europe, enhancing the synergy between regional gas infrastructures. Today is not just a significant moment for #ICGB, as IGB commences its third year of commercial operation, but also a step forward for the entire Vertical Gas Corridor initiative. Together, we leap forward in our mission to enhance energy security and #diversification across Southeast and Central Europe. As we forge ahead, we are building a more secure, interconnected, and sustainable energy future. #energysecurity #diversification #LNG #LNGterminal #FSRU #naturalgas #verticalgascorridor #energynews #oilandgas
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On 26 June 2024, the National Energy and Utilities Regulatory Commission (the NEURC) adopted Resolution No. 1172, which introduced specialised auctions for ancillary services. NPC UKRENERGO plans to hold two of these auctions in August 2024 to procure various types of reserves: ➡️ On 15 August, the first auction will focus on procuring 99 MW of the Frequency Containment Reserve (FCR) services. ➡️ The second auction, scheduled for 22 August, aims to procure 1,000 MW of automated Frequency Restoration Reserves (FRR) — 579 MW dedicated to loading and 421 MW for both loading and unloading. In addition, on 13 August 2024, the Cabinet of Ministers of Ukraine passed three important resolutions targeting the development of distributed generation. Get more details: https://lnkd.in/ebKKg7Sv
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Market Surveillance Analyst hos Nord Pool AS
2moIt was a pleasure!