|Balancing Energy Gate Closure Time (Electricity Balancing Market)|
|European Union Electricity Market Glossary|
Balancing Energy Gate Closure Time pursuant to the Network Code on Electricity Balancing means the point in time when submission or update of a Balancing Energy bid for a Standard Product on a Common Merit Order List in a Coordinated Balancing Area (CoBa) is no longer permitted.
Balancing Service Providers (BSP) are to be allowed to place and/or update their bids as close to real time as possible and at least up to one our before real time (see: ACER Opinion No 07/2014 of 21 March 2014 on ENTSO-E Network Code on Electricity Balancing).
So, the maximum lead time for the Balancing Energy Gate Closure Time is one our.
It follows, Balancing Energy bids submitted by a BSP shall be firm after the Balancing Energy Gate Closure Time.
Any later change of Balancing Energy bids is permitted only with approval of all Transmission System Operators (TSOs) of the concerned CoBA.
This approval could be done automatically via a set of pre-defined rules. An individual Balancing Energy Gate Closure Time is defined for each Balancing Energy product.
When a Balancing Energy product is activated by a TSO, even prior to Balancing Energy Gate Closure Time, the activated Balancing Energy product is firm and subject to TSO-BSP settlement.
Where a BSP cannot provide Balancing Energy bids through unforeseen circumstances, this should be reported to the TSO without delay and the bids should be marked as invalid.
The approach adopted envisions the Balancing Energy Gate Closure Time will be defined for each Standard Product for Balancing Energy per Coordinated Balancing Area by common agreement of all TSOs of this CoBa.
A Balancing Energy Gate Closure Time should:
(a) be after the Intraday Cross Zonal Gate Closure Time for manually activated Balancing Energy bids and avoid cross zonal Intraday Market taking place at the same time;
(b) be allowed to be before the Intraday Cross Zonal Gate Closure Time for automatically activated Balancing Energy bids;
(c) ensure sufficient time for common processing of Balancing Energy bids; and
(d) ensure sufficient time for all TSOs of a Coordinated Balancing Area to perform all processes linked to the activation of Balancing Energy bids.
|Last Updated on Thursday, 24 March 2016 14:25|