The FCR Cooperation is a voluntary initiative of the transmission system operators, established in coordination with the national regulatory authorities.
This common FCR market is the largest FCR market in Europe, with a total demand of about 1400 MW, which is almost half of the continental Europe FCR demand. The joining of West Denmark and Slovenia is also planned for the first quarter of 2021. This regional market represents today about 200 million euros per year of contracted capacities.The common auction allows the transmission system operators to procure FCR at minimum cost for end users, while offering a large common market for all balancing service providers.
The price of the FCR auction sends a clear signal to active investors on this market with new technologies such as demand side response, batteries and assets with less predictable forecast.The FCR Cooperation is the first regional cooperation to achieve a common market using the method specified by the Guideline on Electricity Balancing (EBGL). The development was carried out with the involvement of stakeholders and regulators of regional cooperation.
