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Imbalance Price Area (Electricity Balancing Market)
European Union Electricity Market Glossary

 

 

According to Article 2(13) of the Commission Regulation (EU) 2017/2195 of 23 November 2017 establishing a guideline on electricity balancing ‘imbalance price area’ is the area for the calculation of an imbalance price.

 

Also the so-called 'Winter Energy Package' defines an 'imbalance price area' as the area in which an imbalance price is calculated (Article 2(2)(p) of the Proposal for a Regulation of the European Parliament and of the Council on the internal market for electricity (recast), 30.11.2016, COM(2016) 861 final 2016/0379 (COD)) and Article 2(17) of the Regulation (EU) 2019/943 of the European Parliament and of the Council of 5 June 2019 on the internal market for electricity (recast),

 

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Getting EU energy market design right, A cross-value chain vision on the Clean Energy for All Europeans Package, EEX, 50hertz, 29 June 2017, p. 4

 

 

The proposed Electricity Market Regulation in so far does not move into the direction of an efficient and integrated EU power system. It, on the contrary, adds confusion to the definition of bidding zones. Art. 13, in fact, states that “each bidding zone should be equal to an imbalance price area”. Such a wording would automatically trigger current bidding zones splits and lead to further fragmented and not united markets. We therefore call for legislators to reverse such a definition, having imbalance price areas to follow bidding zones configuration.

 

Article 6(6) of the said Regulation (EU) 2019/943 stipulates that each imbalance price area shall be equal to a bidding zone, except in the case of a central dispatching model where an imbalance price area may constitute a part of a bidding zone.

 

 

 

 

 

IMG 0744

    Documentation    

 

 

 

Regulation (EU) 2019/943 of the European Parliament and of the Council of 5 June 2019 on the internal market for electricity (recast), Article 2(17), Article 6(6)

 

Electricity Balancing Network Code (Commission Regulation (EU) 2017/2195 of 23 November 2017 establishing a guideline on electricity balancing), Article 2(13)

 

Proposal for a Regulation of the European Parliament and of the Council on the internal market for electricity (recast), 30.11.2016, COM(2016) 861 final 2016/0379 (COD), Article 2(2)(p)

  

Getting EU energy market design right, A cross-value chain vision on the Clean Energy for All Europeans Package, EEX, 50hertz, 29 June 2017, p. 4

 

 

 

 

 

 

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Last Updated on Monday, 16 September 2019 21:56
 

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