SECTION II REGISTRATION OF PARTICIPANTS
CHAPTER 6 BALANCING MARKET FEE
Article 6.1 Balancing Market Fee
  1. The expenditure related to the obligations of the HETS Operator in accordance with this Rulebook, the Day-Ahead and Intra-Day Market Rulebook, as well as the HETS Grid Code regarding the calculation and allocation of interconnection capacity, which are considered reasonable, efficient and compensatory, as well as the rate of return on capital employed, are recovered by the Operator through a Balancing Market Fee payable by every Balancing Service Provider and Balance Responsible Party. The details for the calculation and the procedure for the establishment of the HETS Operator Required Revenue for the operation of the Markets recovered through the Balancing Market Fee are set out in the “Methodology for the determination of the HETS Operator Required Revenue for the operation of the Markets", based in particular on the above criteria and parameters.
     
  2. The Balancing Market Fee includes two components, the Imbalances Component and the Energy Component, to which the Required Revenue of the HETS Operator for the operation of the Markets is allocated as follows:

    a)    the Imbalances Component of the Market Balancing Fee is equal to 20% of the Required Revenue, and

    b)    the Energy Component of the Balancing Market Fee is equal to 80% of the Required Revenue.
     
  3. The unit charges of the components of the Balancing Market Fee for year y+1 are determined annually by decision of the RAEWW adopted before 30 November of year y, after a proposal from the HETS Operator submitted to the RAEWW before 10 November of the same year, taking into account the HETS Operator Required Revenue for operation of the Markets as calculated in accordance with the decision as per paragraph 1.
     
  4. The Balancing Market Fee is calculated monthly by the HETS Operator, in accordance with the provisions of Article 6.3.
     
  5. The Balancing Market Fee is collected monthly by the Clearing House and is paid to the HETS Operator, in accordance with the provisions of Article 23.1.
     
  6. The HETS operator and the Shipping Agent are exempted from the obligation to pay the Balancing Market Fee.
     
  7. For Participants subject to Deletion, the Market Balancing Fee is calculated for the period up to and including the last day of their active participation, as determined in accordance with Article 4.4 par. 2.