The balance sheet provider is responsible for balancing operators in its open supply chain. It is the responsibility of the balance sheet provider to ensure that problems of electricity purchased or injected into the grid by market participants in its balance sheet area and the quantities of electricity sold or removed from the grid during the same trading period are compensated. In accordance with the balance sheet agreement, the conditions for the provision of balance sheet services under the balance sheet agreement are binding on all balance sheet managers. The conditions include provisions on the following aspects of cooperation: the imbalance is a volume of energy calculated for a responsible part of the balance sheet and representing the difference between the allocated volume (volume of energy injected physically or withdrawn) allocated to that responsible part of the balance sheet and the final position (forecast and declared energy volume) of that responsible part of the balance sheet; including any imbalance adjustments that apply to that party responsible for the balance within a specified period for the compensation scheme. Under the Latvian Electricity Market Act, each market player is responsible for its own imbalance. Balance sheet responsibility is to take responsibility for the imbalance caused by another electricity market participant (beneficiary of balance sheet performance). Accounting – an organized process aimed at ensuring a sustainable balance between electricity consumption and production in the grid system; Each balance sheet manager must notify RTE and, where applicable, the distribution system operators of the feed and withdrawal elements which constitute its balance sheet circle. Every minute of the day, there must be a balance of electricity on the national grid. But the parties responsible for balance rarely manage to find a perfect balance, and Svenska must then intervene forcefully. We do this by buying or selling electricity during hours when there is an imbalance in the grid. The actor who is at the origin of an imbalance must pay Svenska the cost of returning to equilibrium. We calculate costs in what is called a balance sheet statement.
Learn more about counting balances. The calculation of imbalances is based on a process of replenishment of electricity flows (supply and extraction): it involves the sharing of data from the public transmission network with the public distribution network. This process is carried out by RTE and the distribution system operators. It is based on: Imbalance Zone – means the area where an imbalance is calculated To become a responsible part of the balance sheets, you must comply with the MA-RE conditions defined in consultation with market participants and approved by the French Energy Regulatory Commission by signing a participation agreement as a balance sheet manager. The compensation scheme complies with the electricity balance sheet rules, November 2019. All market participants who receive the balancing service from the transport service operator (both under the balance agreement and the balancing service agreement) are subject to an administrative fee of EUR 355.72 (excluding VAT) per month. . . .