Timing of the gate closure Sample Clauses

Timing of the gate closure. ‌ Where to situate the gate closure has always been considered as one of the most controversial design decisions. This is clearly explained by (Xxxxx, 2002) when saying that: “between the real time and the longer term there are dividing lines that describe the system operator’s diminishing role in forward markets. Where to draw those lines is the central controversy of power-market design”. Each system has traditionally used different criteria to define the point at which the SO takes increasing control of the system so as to ensure security. Today, the gate closure situates around 1 hour before real time. RES-E adds to the discussions on where to draw this frontier. The two major approaches are: • Bringing it closer to the real time: allows a more efficient participation of RES-E given the improvement of forecast accuracy at shorter times and closer to delivery. • Keeping it around one hour before real time, or even moving it away from real time: sometimes claimed to give more capability to the SO to ensure security of supply while also giving further incentives (beyond market signals) to improve forecasting tools. Even if those advantages are true, the disadvantages of a gate closure far away from real time will overcome that possible advantages. Gate closure should never be far away from real time.
Sample 1
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Related to Timing of the gate closure

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