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RTE has selected eight balancing service providers for the provision of manual frequency restoration and replacement reserves in 2023. The cost of contracting has considerably risen in relation to 2022.
Launched on July 28th, the call for tenders for contracting a part of the manual frequency restoration and replacement reserves required for the period from 1 January to 31 December 2023 led to the selection of eight companies by RTE: Agregio, Alpiq Energie France, EDF, Energy Pool Développement, Engie, Flexcity, Smart Grid Energy and Solvay Energy Services.
The need expressed by RTE (750 MW) has been fully met. The total amount of the contracting is 227.9 M€, with a manual frequency restoration reserve price of 330.3k€/MW/year (compared to 11 k€/MW in 2022) and a replacement reserve price of 238.7k€/MW/year (compared to 11.5 k€/MW in 2022).
As a reminder, the remaining 750 MW will be contracted through a day-ahead call for tenders.
Through this call for tenders, industries, storage facilities and generation units participating in manual frequency restoration and rapid reserves benefit from additional remuneration, in exchange for permanent provision of their balancing capacity (24 hours/day and 7 days/week). Through this means they contribute to the safety of operation and management of the supply-demand balance of the power system.
For more information, see the release on the launch of the call for tenders 2023 or the page dedicated to manual frequency restoration and replacement reserve on the RTE customer service portal. Weekly marginal prices, retained volumes and data relating to anonymous bids are published here.
For any questions, please contact marketservices@rte-france.com.
October 13, 2022