Balance Responsibility definition

Balance Responsibility means the obligation of a market participant to ensure that the amount of electricity purchased and/or supplied to the network by the market participant during a trading period is equivalent to the amount of electricity sold and/or acquired from the network by the market participant during the trading period;

Balance Responsibility means the responsibility of consumers, other than captive consumers, and licence holders to draw up or to have drawn up energy programmes for the generation, transmission and consumption of electricity for the network operators and to act in accordance with such energy programmes subject to the conditions referred to in article 26 (as defined in the NL Definition List);

Balance Responsibility means the market participant’s obligation to ensure the balance for each balance period.

Examples of Balance Responsibility in a sentence

• ESB GWM gave further details on participant exposures in I-SEM, breaking their comments down into three sections, Balance Responsibility, Credit Cover Exposure and Difference Payments.

• Information in the public part of the Online ServiceList of active market participants and their rolesList of active MGAs and their DSOs, types and MBAsThe active Retailer Balance Responsibility relations per type in different MGAsApproved Settlement BanksImbalance power volumes for each ISP per MBA (only Finland and Norway)Price information for each ISP per MBAFees Table 30.

• The Licensee shall have Balance Responsibility and shall make all reasonable efforts to forecast its future demand accurately and to provide promptly, fully and accurately all information required to be submitted to any other electricity undertaking in accordance with the procedures approved by the Regulator.

• In order to Nominate physical transmission rights to RTE, the holders of PTRs must be holder of a Balance Responsibility Contract agreed with RTE and a signer of the French Import/Export Rules in their last applicable version.

• In order to nominate PTRs to HOPS, the PTR holders and/or their counterparties have to conclude a valid and effective Balance Responsibility Contract with HOPS and/or Electricity Market Participation Agreement with Croatian Energy Market Operator - HROTE (HROTE).

• The management of settlement structures (e.g. retailer’s Balance Responsibility) is complemented by national legislation in each country.

• Individual Balance Responsibility BRPs have an obligation of means to be balanced in real-time.

• As distinct from the previous, announcement of the termination of an elec- tricity retailer’s Balance Responsibility in a Metering Grid Area shall be given no later than 14 full days before the final delivery day (reported to the Imbalance Settlement Unit).

• The unallowed changes include• new market participant registrations• changes in existing market participants (e.g. mergers)• MGA and MBA definition changes.• changes in Retailer Balance Responsibility contracts (only during second freeze period) Changes to following structures are allowed, but they should be avoided during second freeze period (2.1.2021 – 14.2.2021) if possible:• production MECs• consumption MECs• MGA imbalance retailers• bilateral trades• PX market trades.

• The method for allocating balancing costs differs widely among countries, and may create an opportunistic value for aggregation.4.2.1 Balance Responsibility Balance responsibility defines which market participants (e.g. generators, suppliers, consumers, and traders) are obligated to submit individual or portfolio schedules (for consumption and/or production) to the SO, and defines the method with which the economic settlement of the deviations from those schedules is performed.

More Definitions of Balance Responsibility

Balance Responsibility means the responsibility of consumers, other than captive consumers, and licence holders to draw up or to have drawn up energy programmes for the generation, transmission and consumption of electricity for the network operators and to act in accordance with such energy programmes subject to the conditions referred to in article 26 (as defined in the NL Definition List) of the BritNed Access Rules; and

Balance Responsibility means the responsibility of the network user for the portfolio imbalance and the settlement of imbalances.

Balance Responsibility means the responsibility to settle fiscal balances between

Balance Responsibility has the same meaning as in the Market Rules approved by the Regulator.

Balance Responsibility has the same meaning as in the Market Rules approved by ERO.

Balance Responsibility means the obligation of the market participants of electricity to balance the generation, consumption and contracted purchase and sale of electricity in the period for which the balance deviation is determined and to take over the financial responsibility for deviation;