Procurement of reserves Sample Clauses

Procurement of reserves. The reserves are procured in accordance with Article 157 of the Guideline on System Operation, COMMISSION REGULATION (EU) 2017/1485 (hereinafter SOGL). The obligations concerning the maintaining of a manual Frequency Restoration Reserve are specified between the Nordic transmission system operators pursuant to SOGL Article 157. In order to balance electricity production and consumption, Fingrid orders Manual Frequency Restoration Reserve from the Balancing Energy Market. Fingrid uses the Balancing Capacity procured by means of Balancing Capacity Agreements and from the Balancing Capacity Market to ensure that there is, at all times, a sufficient volume
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Procurement of reserves. The reserves are procured in accordance with Article 153 of the Guideline on System Operation, COMMISSION REGULATION (EU) 2017/1485 (hereinafter SOGL). The obligations concerning the maintaining of Frequency Containment Reserves are specified between the Nordic transmission system operators pursuant to SOGL Arti- cle 153. The procurement of Frequency Containment Reserves is structured in a way that ensures the sufficiency of the reserves at all times, and at the same time enables 18 June 2019 efficient competition within impartial procurement conditions. Trade between coun- tries is also possible in order to meet the reserve obligation. Fingrid procures a part of its obligation under section 7 from the Yearly Market on the basis of an annual competitive tendering process. Xxxxxxx decides the volumes of reserves procured from the Yearly Market on the basis of the price level and perma- nence of the bids received and on the basis of the forecasted price level and availa- bility of other procurement alternatives. In addition, Xxxxxxx procures reserves daily from the Hourly Market described in sec- tion 8 so that the total volume of procurements meets Xxxxxxx’s obligations in normal situations and disturbances of the electricity system. There are separate markets for the Frequency Containment Reserve for Normal Operation and Frequency Contain- ment Reserve for Disturbances.
Sample 1
Procurement of reserves. The need to procure Fast Frequency Reserves depends on the inertia of the electric- ity system and the magnitude of the reference incident (the dimensioning fault) as defined in the Guideline of System Operation (Commission Regulation (EU) 2017/1485, hereinafter SOGL). Consequently, it is only procured for part of the hours and the procurement volume varies. The need for procurement is based on inertia forecasts, and procurement is most necessary when the inertia is lowest. Fingrid procures the reserve by means of daily procurements in the FFR Market re- ferred to in section 7 . The procured quantity varies hour by hour, and the procure- ment obligation is divided between the Nordic transmission system operators. Trade between countries is also possible in order to meet the reserve obligation. Fingrid shall be entitled to sell the reserves sold to Fingrid by Balancing Service Providers further to other transmission system operators.
Sample 1
Procurement of reserves. Fingrid procures some of the relevant obligation from the yearly market from power plants and loads located in Finland, on the basis of competitive bidding. There is a separate market for the frequency controlled normal operation reserve and frequency controlled disturbance reserve. In addition, Fingrid procures reserves from the direct current transmission links from Russia and Estonia as well as through daily purchases from the hourly market in Finland and the other Nordic countries. Participation in the hourly market can also take place in the middle of the calendar year, and it does not require participation in the yearly market. Competitive bidding for the yearly market is arranged in September-October for the next calendar year. It is not possible to start participating in the maintenance of reserves in the yearly market in the middle of the yearly agreement period. In the yearly market and hourly market for the frequency controlled normal operation reserve and disturbance reserve, Reserve Holder can combine reserve units from several different balances and participate in the maintenance of the frequency controlled normal operation reserve and disturbance reserves also using reserve units included in the balances of different balance providers. In the frequency controlled normal operation reserve, the volume of the reserve shall be symmetrical per balance (production/consumption) and per balance responsibility. Reserve Holder does not have to be the owner or balance provider of the reserve unit. Reserve Holder shall have the consent of the owner of the reserve unit for the reserve operation conforming to the Yearly Agreement and Hourly Market Agreement for Frequency Controlled Normal Operation Reserve and Frequency Controlled Disturbance Reserve. At Fingrid’s separate request, Reserve Holder shall deliver the consent of the owner of the reserve unit to Fingrid. An individual reserve unit can only be offered by one reserve holder to each reserve market. The volume of reserve produced by a single unit for each hour shall not exceed 70 MW. Moreover, Fingrid restricts the total volume of relay-connected load contributing to the maintenance of the frequency controlled disturbance reserve and activating in accordance with Table 1 to a maximum of 100 MW in each hour.
Sample 1
Procurement of reserves. The reserves are procured in accordance with Article 153 of the Guideline on System Operation, COMMISSION REGULATION (EU) 2017/1485 (hereinafter SOGL). The obligations concerning the maintenance of Frequency Containment Reserves are specified between the Nordic transmission system operators pursuant to SOGL Arti- cle 153. The procurement of Frequency Containment Reserves is structured in a way that ensures the sufficiency of the reserves at all times, whether the electricity system is operating normally or experiencing a disturbance. At the same time, the structure enables efficient competition with impartial procurement conditions. Trade between countries is also possible in order to meet the reserve obligation. Fingrid is entitled to sell the reserves sold to Fingrid by Balancing Service Providers onwards to other transmission system operators. There are separate markets for each of the three reserve products. Fingrid procures a part of its obligation under section 7 from the FCR Yearly Market on the basis of an annual competitive tendering process. The reserve capacity purchased in the FCR Yearly Market forms the basis for purchasing Frequency Containment Reserves. In addition, Xxxxxxx makes daily purchases of reserves in the FCR Hourly Market in ac- cordance with section 8 so that the total acquisition covers Fingrid’s obligations to- gether with the reserve plans of the FCR Yearly Markets and the procurement in Russia, Estonia and the other Nordic countries.
Sample 1
Procurement of reserves. The obligations concerning the maintaining of Frequency Containment Reserves are specified between the Nordic transmission system operators. The objective in the procurement of Frequency Containment Reserves is a structure that ensures the sufficiency of the reserves at all times, and at the same time enables efficient competition within procurement conditions which are equitable to all. In order to fulfil the obligation concerning the maintaining of the reserve, transmission system operators can also trade between countries. Fingrid has a right to sell reserves, which have been sold to Fingrid by Balancing Service Providers, further to other transmission system operators.
Sample 1

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