SECTION I GENERAL PROVISIONS
CHAPTER 1 OBJECTIVE OF THE BALANCING MARKET RULEBOOK
Article 1.1 Balancing market
  1. The Balancing Market is governed by the applicable law, including the principles and provisions of Laws 4001/2011 and 4425/2016 and Regulation (EU) 2017/2195, as in force each time.
  2. The Balancing Service Providers submit Balancing Energy Offers and Balancing Capacity Offers to the Balancing Market on behalf of the Balancing Service Entities they represent.
  3. In the context of the Balancing Market, the HETS Operator executes the Integrated Scheduling Process (ISP) for the commitment (synchronization) or de-commitment (desynchronization) of Balancing Service Entities and for the commitment of Balancing Capacity as described in SECTION IV of this Rulebook.
  4. The HETS Operator operates the Balancing Energy Market for the activation of Balancing Energy Offers for manual and automatic FRR and issues manual and automatic FRR Dispatch Instructions to Balancing Service Entities, as described in SECTION V of this Rulebook.
  5. The Balancing Market operates throughout the year, for each calendar day.