Power balance control with utilization of intraday balancing energy market

An algorithm for balancing energy demand generation is proposed in this paper. The algorithm is based on prediction of the energy imbalance in the transmission system and generates a demand in a form of {volume, price} in such a way that expected regulation energy costs are not increased while taking into account uncertainty in the prediction. Functionality of the proposed algorithm is presented in a case study and possible modifications of the Czech balancing energy market policies are suggested.