Enhancing the flexibility in TIMES: Introducing Ancillary Services Markets

The new extension of TIMES introduces endogenous market-based mechanisms, designed to provide flexibility to the energy system, such as the ancillary services markets. Processes at the supply or demand side can participate in both the energy and reserve markets. In addition, it contains improvements to the representation of storage technologies by endogenously accounting for the replacement cost of storage in the case of excess cycling. The new extension aims at improving the assessment of the cost of integrating variable renewables in electricity supply and demand.

A demo model showcasing the application of the ancillary services mechanism is available for download below.