FARAO closed optimisation
Example of use cases :
For RCC - Coordinated Security Analysis (sequential optimizsation of non-costly remedial actions and costly remedial actions).
Yearly congestion costs due to the use of costly remedial actions reach millions or even billions of euros for some countries. All TSOs shall share the congestion costs resulting from the remedial actions optimisation of the Coordinated Security Analysis, in accordance with the Regulation EU 2015/1222 (Capacity Allocation and Congestion Management), Article 74. Given the financial amounts at stake, the implementation of the methodology shall be as transparent as possible to limit any potential disputes and ease the auditability of the solution by regulatory authorities or external parties.
Being open source, FARAO allows any actor to check its specifications are properly implemented within the tool and to perform its own calculation where needed.