Power system balancing of North Sea countries with large share of wind power towards 2050
<div>Increasing share of renewables poses new challenges towards planning and operation of power systems all</div><div>over the world, thereby, requiring new methods and tools. This article explains the value of balancing tool chain</div><div>which encompasses operation of market and power system from day-ahead planning until the real-time dynamic</div><div>simulation. The salient features for such a balancing tool chain is discussed in this article. A Balancing Tool</div><div>Chain has been developed and validated based on balancing principles of Denmark and Europe. The efficacy of</div><div>the balancing tool chain is demonstrated through very detailed case studies of massive penetration of offshore</div><div>wind power in North Sea countries towards 2050. Using detailed case studies, recommendations are provided</div><div>towards balancing of North Sea countries in terms of operational and balancing practices as well as dimensioning</div><div>of reserves for future scenarios.</div>