Trade in imbalance energy
The TSO is responsible for maintaining the system balance between generation and consumption of electricity in a control area. Balancing energy is electricity generated/produced not according to electricity consumption or generation schedules compiled in advance. Participants in the electricity market having concluded an agreement on sale and purchase of balancing power with the TSO become balance responsible party.
Contact for balancing agreement via [email protected]
According to Imbalance Settlement Agremenet 2 Annex p. 4.5.4 “The neutrality component shall be set at the same level from the date of joining MARI for the entire future market balance period no later than 5 (five) working days before the start of the market balance period. The neutrality component is made public on the TSO website.
According to the point 4.5.5 “The neutrality component for the market balance period t+1 is determined according to the following formula, using actual data from previous market balance periods, i.e. by applying a correction defined as the difference between the neutrality components calculated for the previous market balance period (t-1) and the one calculated the day before that (t-2), and then adding the correction to the neutrality component calculated for the previous market balance period (t-1)”.
The published neutrality component is below:
|
Year
|
Month
|
Calculation of Neutrality Component
|
Neutrality component, Eur/MWh
|
|
2024
|
November
|
NKnov = (NKsept-NKaug)+NKsept = (-12,89-(-1,05))+(-12,89)
|
-24,73
|
|
2024
|
December
|
NKdec = (NKoct-NKsept)+NKoct = (-12,20-(-12,89))+(-12,20)= -11,51
|
-11,51
|
|
2025
|
January
|
NKjan= (NKnov-NKoct)+NKnov = (-24,73-(-12,20))+(-24,73)= -37,26
|
-37,26
|
Please note that imbalance prices which are used for calculation of imbalances are currently hourly. From 1st of February 2025 imbalance prices will be quarter hourly and accordingly imbalance settlement will be processed in 15 min resolution.
Imbalance costs
|
|
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024 IH |
|
Actual costs attributable to trade in imbalance energy, €
|
325 777
|
418 641
|
476 270
|
136 832
|
117 929
|
145 279 | 74 143 |
|
Imbalance energy trade administration fee, €/MWh
|
0.55
|
0.50
|
0.46
|
0.58
|
0.55
|
-0.34 | -0.25 |
Imbalance energy trade administration fee in 2025 0.27 €/MWh.
More information about procedure of imbalance energy pricing can be found in standard terms and conditions of Imbalance purchase - sale contract annex No. 2 "Imbalance settlement rules".
Imbalance purchase - sales imbalance contract. Effective from 20th March 2024
How to become a balance responsible party
Application to conclude the balancing agreement
Methodology of baseline
1 Annex. BSP schedule template
2 Annex. Technical requirements for scheduled data and schedule template explanation
Balancing responsible parties - BRP
How to become a balance responsible party
Application to conclude the balancing agreement
Methodology of baseline
1 Annex. BSP schedule template
2 Annex. Technical requirements for scheduled data and schedule template explanation
Balancing responsible parties - BRP
