Balancing Capacity Market definition

Balancing Capacity Market means capacity markets maintained by Fingrid from which Fingrid procures Manual Frequency Restoration Reserve (mFRR).
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Examples of Balancing Capacity Market in a sentence

  • The terms and conditions on the procurement and maintenance of Manual Frequency Restoration Reserve (mFRR) stated in this document shall apply when the Balancing Service Provider participates in the Balancing Energy Market and Balancing Capacity Market as well as in competitive tendering on the procurement of balancing capacity by means of Balancing Capacity Agreements.

  • If necessary, Fingrid procures up- and down-regulation capacity from the Balancing Capacity Market by means of day-ahead competitive tendering for the hours of the next day in the CET/CEST time zone.

  • In the Balancing Energy Market and the Balancing Capacity Market, the Market Time Unit is one hour.

  • Fingrid procures balancing capacity from the Balancing Capacity Market by means of weekly competitive tendering.

  • The tendering schedule is as follows: Day Time of Day (EET/EEST) Event D-1 10:30 Deadline for publishing the decision to purchase from the Balancing Capacity Market.

  • On 15 April 2019, the TSOs submitted to the regulatory authorities four ‘All TSOs of CCR Nordic’ proposals made by all Transmission System Operators on the methodologies to create a Nordic automatic Frequency Restoration Reserve (aFRR) Balancing Capacity Market, in accordance with Articles 33(1), 34(1), 38(1) and 41(1) of the Commission Regulation (EU) 2017/2195 of 23 November 2017 (hereafter referred to as the ‘Proposals’).

  • 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 of Frequency Restoration Reserve to maintain the power balance between produc- tion and consumption.

  • An exception to these rules is that Reserve Resources located in different Transmis- sion Areas may be aggregated if the minimum capacity of the Balancing Bid or Ca- pacity Bid in the Balancing Capacity Market would not otherwise be met in the Trans- mission Area.

  • In the Balancing Capacity Market, the Balancing Service Provider commits to offering to the Balancing Energy Market the reserve volume that was accepted in the tender- ing process for the Market Time Unit, and Fingrid will pay a Capacity Fee for the Balancing Service Provider for this.

  • In addition, any Reserve Unit offered for the competitive tendering of the Balancing Capacity Market and Balancing Capacity Agreements must be available for order electronically and must be capable of at least three hours of continuous activation.

Related to Balancing Capacity Market

  • Interconnection Point means the point(s) of connection(s) at which the project is connected to the grid i.e. it shall be at 11 / 22 kV bus bar level of substation of MSEDCL.

  • Committed Capacity means that portion of the Capacity that is required to meet the Capacity Entitlements of Access Holders;

  • Interconnection Activation Date means the date that the construction of the joint facility Interconnection arrangement has been completed, trunk groups have been established, joint trunk testing is completed and trunks have been mutually accepted by the Parties.

  • Installed Capacity or 'IC’ means the summation of the name plate capacities of all the units of the generating station or the capacity of the generating station (reckoned at the generator terminals), approved by the Commission from time to time;

  • Rack means a mechanism for delivering motor vehicle fuel or diesel from a refinery or terminal into a truck, trailer, railroad car, or other means of non-bulk transfer.