Development of reliability standards and market rules

The JWG C2/C5.05 has launched a 2-stage project to identify the challenges to system operators when they attempt to balance between adhering to reliability standards and observing market rules, and manage the interactions between them. The TB summarizes the results of the first stage of the work, which involves a review of the development of reliability standards and market rules in several countries and markets. The review indicates that the development of reliability standards and market rules is at different stage among the countries and markets included in the review. The JWG further assesses that some of the reliability standards and market rules may be intertwined, and that compliance with reliability standards may have certain adverse impact on market mechanisms (efficiency), and vice versa.