Memorandum “Algorithm description - Nordic mFRR EAM bid selection”
As informed in stakeholder reference group meeting June 3rd 2021, we now publish the first version of memorandum “Algorithm description - Nordic mFRR EAM bid selection”.
The purpose of the memorandum is to describe the bid selection algorithm for the Nordic mFRR Energy Activation Market (EAM). The memorandum provides information particularly to market participants, so they can develop new bidding strategies and join the go-live of mFRR EAM automated operation.
The memorandum describes activation processes for normal and for fallback situations. The bid selection algorithms are described with their inputs and outputs, objectives, constraints, and their priorities.