News & events

2016-10-10

The summary of the public consultation on the Baltic balancing market elements published

The Baltic transmission system operators Augstsprieguma tīkls, Elering and Litgrid would like to thank all the stakeholders who responded on invitation to participate in the public consultation about Baltic CoBA development elements. The public consultation lasted from June 27th to August 15th 2016, 15 response letters were received. 
 
The objective of the consultation was to gather feedback from interested Baltic electricity market participants and stakeholders about the preliminary view on Baltic imbalance settlement harmonisation and Baltic mFRR standard product for balancing proposed by the Baltic TSOs.
 
As an outcome from public consultation, each Baltic TSO will publish the standard terms and conditions for BSPs in accordance with national regulations with target to implement the updated Baltic mFRR standard product for balancing starting from 1st of November 2016.
 
The proposed Baltic harmonised imbalance model will be re-analysed by Baltic TSOs and new solution will be proposed by the end of 2016, taking into account the given feedback, the requirements of GL EB and Nordic market setting. By the 4th quarter of 2017 each TSO shall also publish the standard terms and conditions for BRPs approved by their national regulatory authority and the new model is planned to become effective from January 1, 2018.
 
The summary of the public consultation on the Baltic balancing market elements can be found here.
 
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