Frequency Containment Reserve for Normal Operation Sample Clauses

Frequency Containment Reserve for Normal Operation. 6.1.1 Capacity fee The capacity fee is 12.24 euros/MW,h, which shall be paid by Xxxxxxx in accordance with the principles stated in Appendix 1.
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Frequency Containment Reserve for Normal Operation. (FCR-N) is a frequency con- tainment reserve that aims to keep the frequency within the normal frequency range of 49.9 - 50.1
Sample 1
Frequency Containment Reserve for Normal Operation. (FCR-N) is a Frequency Con- tainment Reserve that aims to keep the frequency within the normal frequency range of 49.9–50.1 Hz. Unofficial translation 22.5.2023 Balancing Service Provider (BSP) refers to a market participant whose reserve- providing units or groups are able to provide balance services to transmission system operators. In this document, reserve suppliers are also called Balancing Service Pro- viders. Imbalance Settlement Period refers to the time unit for which the balance responsible parties' imbalances are calculated. The Imbalance Settlement Period is 15 minutes. Imbalance Power refers to the electrical energy provided by the Balancing Service Provider that is used by transmission system operators for balancing the network. This document uses the term Balancing Energy for imbalance power. Day-Ahead Market refers to an electricity marketplace where parties trade in electric- ity sold and purchased for the next day. Yearly Market Appendix refers to an appendix to the FCR agreement specifying the hourly market capacity of each Balancing Service Provider for the specific calendar year and the Yearly Market Price per reserve product applying to all Balancing Ser- vice Providers in the specific calendar year.
Sample 1
Frequency Containment Reserve for Normal Operation. (FCR-N) is a frequency containment reserve that aims to keep frequency within the normal frequency range of 49.9 - 50.1 Hz. Hourly Market refers to a reserve market maintained by Fingrid, used by Fingrid for the procurement of the Frequency Containment Reserves for the next day in the CET time zone and timed after the Day-Ahead Market. Hourly Market Agreement refers to an agreement between Fingrid and Balancing Service Provider on the provision of Frequency Containment Reserves (FCR) to the Hourly Market. Day-Ahead Market refers to an electricity market place that trades in electricity sold and purchased for the next day. Yearly Market refers to a market maintained by Fingrid, from which market Fingrid procures some of the need for Frequency Containment Reserves and where the procurement volume and procurement price are determined for the next calendar year. Yearly Market Agreement refers to a one-year agreement between Fingrid and Balancing Service Provider on the provision of Frequency Containment Reserves (FCR).
Sample 1

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