SECTION VI BALANCING MARKET SETTLEMENT
CHAPTER 19 IMBALANCE AND BALANCING ENERGY SETTLEMENT
Article 19.7 Calculation of Debits and Credits from the Imbalance Settlement

  1. Imbalance Settlement is the procedure whereby the Balance Responsible Parties are debited or credited for the imbalances they cause. The Imbalance Settlement shall be initially performed per Balance Responsible Entity and then per Balance Responsible Party.

  2. If the System Imbalance is non-zero, the Imbalance amount in € for an Imbalance Settlement Period t and a Balancing Service Entity or a Balance Responsible Entity e shall be calculated as the Final Imbalance, FIMBe,t, in MWh, calculated in accordance with Article 19.1, multiplied by the relative price in €/MWh as follows:

    IMBCe,t=FIMBe,t×IPt 

  3. When the amount calculated for an Imbalance is found to be negative, the Balance Responsible Entity is required to pay that amount. When the amount calculated for an Imbalance is found to positive, the Balance Responsible Entity is entitled to collect that amount.

  4. The Imbalance amount calculated for RES Units Portfolio without Market Participation Obligation shall be debited/ credited to DAPEEP.

  5. By way of derogation from paragraph 2 of this Article, the amount of Imbalance in € for each Imbalance Settlement Period t shall be calculated as the product of the Imbalance, FIMBe,t in MWh, with the Day-Ahead Market clearing price in €/MWh for the respective Market Time Unit, in the following cases:

    a) For pre-registered entities subject to Prequalification Acceptance Tests in accordance with Chapter 3 of this Rulebook,

    b) For RES Units performing Operation Tests in the context of their connection to Transmission or Distribution System.

    The above derogation is valid for a maximum period of six (6) months from the date of placement of each entity under Operation Tests regime.