with this kind of balancing market market participants prefer to have gate closure closer to real time in order to adjust their generation plans and reduce their exposure to the imbalance risk moreover regional integration of balancing markets and even other reserve markets over wider geographical areas could yield efficiency gains this includes the definition of reliability standards the publication of adequacy projections or the definition of technical requirements such as flexibility of power plants controllability of wind and solar power plants or controllability of electrical appliances even where operations and investment decisions are marketbased governments and system operators will continue to define in one way or another the reliability criteria some dispatching capabilities and requirements for new generation capacity and electrical appliances connected to the grid