Case Study #9: Aligning with New Market Rules in the Energy Sector
ALIGNING WITH NEW MARKET RULES IN THE ENERGY SECTOR
About Trilations
One of the focus domains at Trilations is business optimization, such as aligning to new market rules in the energy sector. Our Business Analysts, Data Analysts, Architects and Project Managers enable you to make the right decisions and to make sure the results of these decisions are delivered.
Our aim is to enhance your revenue, your client satisfaction, your employee satisfaction and your business processes through in-depth analysis, data management and the use of new technologies. We make sure you are ready for the business world of today and tomorrow.
To give you a better understanding of our services, we prepared nine case studies about just a few projects in a wide variety of fields. This article talks about the final case study we published on our website, giving you a firm idea of what Trilations can realize for your business.This article talks about the final case study we published on our website, giving you a firm idea of what Trilations can realize for your business.
Contact us for more information about these or any other project needs you might have. We would love to discuss them with you.
Project setup
The energy market is becoming more and more complex. The decentralization of energy production and the higher share of renewables in the energy mix resulted in a major redesign of the market rules regarding balancing services, coordination of assets and grid congestion management by the Belgian transmission system operator (Elia).
One of the biggest players on the Belgian energy market started a project to comply to these new market rules and to improve the operational efficiency of their short term power optimization activities.
Trilations consultants were asked to assist in the execution of the 4 major steps of the project:
- Define the scope, business requirements and select a software partner for an asset optimization tool.
- Perform a thorough business analysis: The impact of the new market rules on the activities is analyzed and the TO-BE business processes are modeled, a business information model is drafted and the stakeholder requirements are documented.
- Identify the functional and non-functional solution requirements, so they can be implemented via an agile approach.
- Test the solution to ensure the quality and fit for purpose.
The project is still in progress, with the following intermediate milestones already reached: The market compliancy changes for mFRR and aFRR balancing services were realized and the optimization tool is used daily to optimize the thermal assets.
Solutions and results
Project goals
- Market rule compliancy
- Operational efficiency
- Leaner processes
- Improved data quality
- Agile IT landscape
Technologies & methodologies
- Process Modeling (BPMN)
- Data Modeling
- User stories
- Scrum
- Focus Interviews
- Workshops
- Jira
- Enterprise Architect
Project flow
- Scoping and business requirements
- Selections of software partner for optimization tool
- Business analysis with
- Process analysis
- Business information model
- Stakeholder requirements
- Detailed design & delivery via agile approach
Results
- Successful go-live to comply to new mFRR market rules.
- Successful go-live to comply to new aFRR market rules.
- Asset optimization tool in place.
- Increased revenues from ancillary balancing services.
Learn more about aligning with market regulations
If you are interested in more information on aligning with market regulations or want to find out how Trilations can help analyze your performance to optimize your results, please reach out to us. In case you would like to reread the content or share it with your team, feel free to download this case study in PDF format below.
I would like to receive more information about Trilations' services.
I would like to receive more information about Trilations' services.
Case study #9: Aligning with new market rules in the energy sector
This article talks about the ninth case study we published on our website, giving you a firm idea of what Trilations can realize for your business. The case study focuses on aligning with new market rules in the energy sector. Feel free to download and share the PDF.
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A challenge is the perfect occasion to transform a problem into an opportunity
The increasement in decentralised green energy production, the electrification of transport and available technologies create many opportunities for energy platforms.
Our aim is to be the preferred business partner of our customers, by providing innovative, added value services with our committed consultants.
Based on our experience in public organisations together with our delivery capability we provide innovative, added value services via committed consultants. If you have any questions about our services, I’m happy to help.
