SECTION VII TRANSITIONAL PROVISIONS

CHAPTER 27 TRANSITIONAL PROVISIONS ON THE BALANCING MARKET

Article 27.4 Temporary Refund Mechanism of a portion of Revenue of Day-Ahead Market

1.  By way of derogation from paragraph 5 of ‎Article 19.7, and for as long the Temporary Refund Mechanism of a portion of Revenue of Day Ahead Market remains effective, the Imbalance amount in € in each Imbalance Settlement Period t for the pre-registered entities subject to Commissioning Operation, as well as for the entities which are under Pre-Qualification Tests in accordance with Chapter 3 of this Rulebook, is calculated as the product of the Imbalance 𝐹𝐼𝑀𝐵𝑒,𝑡 in MWh, with the minimum of the relevant applicable Regulated Producer Revenue Price and the Day-Ahead Market Clearing Price in €/MWh for the respective Market Time Unit.
2.  By way of derogation from paragraph 2 of ‎Article 19.7, with the implementation of Cross-Border Intraday Continuous Trading and for as long the Temporary Refund Mechanism for a portion of Revenue of Day Ahead Market remains effective, the Imbalance amount in € in each Imbalance Settlement Period t, is calculated for the RES Units under Commissioning Operation in the context of their connection to the Transmission System or the Distribution System, as the product of the Imbalance 𝐹𝐼𝑀𝐵𝑒,𝑡 in MWh, with the minimum value being between the corresponding Regulated Producer Revenue and the clearing price of the Day-Ahead Market in €/MWh for the respective Market Time Unit.