Trade in balancing energy
Balancing services consist of:
Balancing energy - energy used by the TSO for balancing and supplied by the balancing service provider (BSP);
Balancing capacity - volume of reserve capacities which the BSP has agreed to set aside and in relation to which the TSO has agreed to submit balancing energy bids.
Balancing market model:
Balancing services may be provided by electricity market participants who have concluded a Balancing Service Contract with a TSO and have a valid prequalification protocol.
Balancing market data is published: Baltic Transparency Dashboard
Steps how to become Balancing Service Provider (BSP).
1. Provide an application form to conclude Balancing Service Contract
To conclude a balancing service contract, please fill out the provided application form and send it by e-mail to: [email protected]
A legal entity that wants to become a BSP must:
• Have a permit for independent supplier of electricity, a permit for independent demand aggregator or a permit for generation of electricity issued by the authorized authorities or the right to carry out these activities without a permit in Lithuania, or a permit for the ownership, development, ownership or operation of energy storage facilities.
• Enter into an Imbalance Sale and Purchase Contract with the TSO or another party responsible for the balance.
• Have the technical capabilities to change generation or consumption modes of units or groups of units and provide real-time data according to service requirements.
Upon receipt of the application form, we will prepare a draft of the contract and send it to the email by address specified in the application form within 3 days.
2. Signing of the balancing service contract
The balancing service contract is signed with a qualified electronic signature. Please send the signed contract by an e-mail to: [email protected]
3. Pass the prequalification and get the protocol
BSP has the right to provide balancing services only after completion of the prequalification process in accordance with the service requirements.
The BSP which is prepared for prequalification, must submit an application form by an e-mail [email protected]
An application form is provided in the requirements of balancing services.
Prequalification protocol is issued after successful complete steps of the prequalification process.
4. Provision of balancing services
BSP which has a valid prequalification protocol, can provide services in accordance with the terms and conditions set out in the Balancing Service Contract. If you have any questions related to the provision of balancing services, please contact us by e-mail: [email protected]
