Common use of Procurement of reserves Clause in Contracts

Procurement of reserves. The reserves are procured in accordance with Article 157 of the Guideline on System Operation, COMMISSION REGULATION (EU) 2017/1485 (hereinafter SOGL). The obligations concerning the maintaining of a manual Frequency Restoration Reserve are specified between the Nordic transmission system operators pursuant to SOGL Article 157. In order to balance electricity production and consumption, Fingrid orders Manual Frequency Restoration Reserve from the Balancing Energy Market. Fingrid uses the Balancing Capacity procured by means of Balancing Capacity Agreements and from the Balancing Capacity Market to ensure that there is, at all times, a sufficient volume

Appears in 2 contracts

Samples: www.fingrid.fi, www.fingrid.fi

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Procurement of reserves. The reserves are procured in accordance with Article 157 of the Guideline on System Operation, COMMISSION REGULATION (EU) 2017/1485 (hereinafter SOGL). The obligations concerning the maintaining of a manual Frequency Restoration Reserve are specified between the Nordic transmission system operators pursuant to SOGL Article 157. In order to balance electricity production and consumption, Fingrid orders Manual Frequency Restoration Reserve from the Balancing Energy Market. Fingrid uses the Balancing Capacity procured by means of Balancing Capacity Agreements and from the Balancing Capacity Market to ensure that there is, is at all times, times a sufficient volumevolume of Frequency Restoration Reserve to maintain the power balance between produc- tion and consumption.

Appears in 1 contract

Samples: www.fingrid.fi

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Procurement of reserves. The reserves are procured in accordance with Article 157 of the Guideline on System Operation, COMMISSION REGULATION (EU) 2017/1485 (hereinafter SOGL). The obligations concerning the maintaining of a manual Frequency Restoration Reserve are specified between the Nordic transmission system operators pursuant to SOGL Article 157. In order to balance electricity production and consumption, Fingrid orders Manual Frequency Restoration Reserve from the Balancing Energy Market. Fingrid uses the Balancing Capacity procured by means of Balancing Capacity Agreements and from the Balancing Capacity Market to ensure that there is, at all times, a sufficient volumevolume of Frequency Restoration Reserve to maintain the power balance between produc- tion and consumption and for other needs required to ensure the operational security of the transmission system.

Appears in 1 contract

Samples: www.fingrid.fi

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