Balancing Market Settlement means the transparent calculation of the volumes of Balancing Energy and Balancing Capacity and the calculation of the monetary value of the Participants' debits and credits in the context of the Balancing Market, as detailed in paragraph 2 of this Article.

The Balancing Market Settlement shall include the following calculations for each Dispatch Day:

a) calculation of the Balancing Energy for mFRR for each Balancing Service Entity and for each Imbalance Settlement Period of the Dispatch Day,

b) calculation of the Balancing Energy for aFRR for each Balancing Service Entity and for each Imbalance Settlement Period of the Dispatch Day,

c) calculation of the energy supplied for purposes other than balancing, for each Balancing Service Entity, for each Imbalance Settlement Period of the Dispatch Day,

d) calculation of Imbalances, for each Balance Responsible Entity, for each Imbalance Settlement Period of the Dispatch Day,

e) calculation of Imbalances Adjustment, for each Balance Responsible Entity, for each Imbalance Settlement Period of the Dispatch Day,

f) calculation of the Balancing Capacity for FCR for each Balancing Service Entity and for each Imbalance Settlement Period of the Dispatch Day,

g) calculation of the Balancing Capacity for mFRR for each Balancing Service Entity and for each Imbalance Settlement Period of the Dispatch Day,

h) calculation of the Balancing Capacity for aFRR for each Balancing Service Entity and for each Imbalance Settlement Period of the Dispatch Day,

i) calculation of the debits and credits to the Balancing Service Provider for Balancing Energy and Balancing Capacity for each of the Balancing Service Entities it represents and for each Imbalance Settlement Period of the Dispatch Day,

j) calculation of the debits and credits to the Balancing Service Provider for energy supplied for purposes other than balancing for each of the Balancing Service Entities it represents and for each Imbalance Settlement Period of the Dispatch Day,

k) calculation of the debits and credits to the Balance Responsible Party for Imbalances for each of the Balance Responsible Entities it represents and for each Imbalance Settlement Period of the Dispatch Day,

l) calculation of the cost of HETS Losses, for each Imbalance Settlement Period of the Dispatch Day,

m) calculation of any Non-Compliance Charges imposed,

n) calculation of debits and credits related to Uplift Accounts,

o) calculation of the Balancing Market Fees for each Participant, and

p) calculation of the amount that ensures the financial neutrality of the Balancing Market.