EU_PowerCast_Model / README.md
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tags:
  - EU
  - Electricity
  - price
  - model
  - dataset

AC – Actual Consumption

Meaning: Measured electricity consumption/load on the grid.

Data: Quarter-hourly values of total grid load, residual load, and other consumption-related metrics.

AG – Actual Generation

Meaning: Measured (real-time) electricity generation by source.

Data: Quarter-hourly values for biomass, hydropower, wind (onshore/offshore), photovoltaics, nuclear, coal, gas, etc.

AFRR – Automatic Frequency Restoration Reserve

Meaning: Balancing reserve activated automatically to stabilize system frequency.

Data: Quarter-hourly volumes activated (+/−), procurement prices, and volumes procured.

BE – Balancing Energy

Meaning: Energy used by TSOs to balance the power system in real-time.

Data: May include volumes (MWh) and costs (€/MWh) of balancing energy activated from various sources.

CBPF – Cross-Border Physical Flows

Meaning: Actual physical electricity flows across national borders.

Data: Quarter-hourly measurements of imports/exports (in MWh) with neighboring countries.

EBS – Exported Balancing Services

Meaning: Balancing services provided by one country’s TSO to another country’s TSO.

Data: Quarter-hourly or aggregated volumes (MWh) of balancing energy exported, and possibly associated costs.

FC – Forecasted Consumption

Meaning: Projected or estimated electricity consumption/load.

Data: Often day-ahead or short-term quarter-hourly forecasts of total grid load, residual load, etc.

FGDA – Forecasted Generation Day-Ahead

Meaning: Predicted generation by source for the next day (day-ahead).

Data: Hourly or quarter-hourly forecasted generation volumes for wind, solar, etc.

FCR – Frequency Containment Reserve

Meaning: Reserve capacity that automatically responds to frequency deviations (primary control).

Data: Procurement prices (€/MW), volumes procured, and activation data at quarter-hourly resolution.

GFI – Generation Forecast Intraday

Meaning: Intraday (within the same day) updates to the generation forecast.

Data: Quarter-hourly predicted generation volumes by technology, updated more frequently than day-ahead forecasts.

IBS – Imported Balancing Services

Meaning: Balancing services a TSO imports from neighboring countries’ TSOs.

Data: Quarter-hourly volumes (MWh) of balancing services imported and related costs.

MFRR – Manual Frequency Restoration Reserve

Meaning: Manually activated reserve used by TSOs to restore frequency and manage imbalances.

Data: Quarter-hourly volumes of capacity procured, volumes activated, and procurement prices.

SCE – Scheduled Commercial Exchanges

Meaning: Planned or scheduled cross-border electricity trades (as opposed to actual physical flows).

Data: Quarter-hourly net exports/imports (MWh) based on market schedules.

Prices (Originally “Day-ahead Prices”)

Meaning: Market-clearing electricity prices, typically from the day-ahead market.

Data: Hourly prices (€/MWh) for Germany/Luxembourg and neighboring bidding zones.

TSOs (Originally “Costs_of_TSOs_without_costs_of_DSOs”)

Meaning: Various costs and expenditures related to Transmission System Operators (TSOs).

Data: Monthly or quarterly cost data for network security, countertrading, balancing services, etc.

Gen_Capacity (Originally “Installed Generation Capacity”)

Meaning: Total installed power generation capacity by technology.

Data: Typically annual (sometimes monthly) capacity values (MW) for biomass, wind, solar, nuclear, coal, gas, and other generation sources.