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Baltic Harmonised Imbalance Settlement Model

The Baltic TSOs final proposal for imbalance harmonisation model concept.
Baltic transmission system operators Elering AS (Elering), AS Augstsprieguma tīkls (AST) and LITGRID AB (Litgrid) (hereinafter – Baltic TSOs) conducted the public consultation on  “Baltic CoBA development elements” which lasted from June 27th until August 15th 2016. The objective of the consultation was to gather feedback from Baltic electricity market participants and stakeholders regarding Baltic mFRR standard product for balancing and Baltic imbalance settlement harmonisation proposed by the Baltic TSOs.
Following the public consultation on the harmonised Baltic imbalance settlement model, which took place from June 27th until August 15th, 2016, the Baltic TSOs have reached a conclusive decision regarding imbalance settlement model which shall be adopted within the Baltics at the start of 2018. The model was developed taking into consideration present draft edition on the Guidelines on Electricity Balancing and the feedback received through the public consultation process.
By the 4th quarter of 2017 each TSO will publish the standard terms and conditions for BRPs approved by national regulatory authorities and the new model is planned to become effective from January 1, 2018.
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