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.

The HETS Operator shall keep the following Balancing Market Accounts:

a) Balancing Energy Account,

b) Account for Energy supplied for purposes other than balancing

c) Imbalances Account,

d) Balancing Capacity Account,

e) Uplift Account,

f) Non-compliance Charges Account,

g) Balancing Market Fees Account,

h) Account for debit or credit amounts due to corrective settlements for intended exchanges of energy pursuant to Article 50 of Regulation (EU) 2017/2195 and/or unintended exchanges of energy pursuant to Article 51 of Regulation (EU) 2017/2195.

The Accounts in items a) to e) and h), in paragraph 1 of this Article are not used for accounting purposes and are kept exclusively by the HETS Operator for the purpose of Balancing Market monitoring.

The Accounts in items f) to g), in paragraph 1 of this Article are used for financial accounting purposes.

For the performance of the Balancing Market Settlement, the HETS Operator shall use the following information:

a) the Market Schedule of every Balance Responsible Entity, as it results from the Day-Ahead Market and the Intra-Day Market,

b) the Balancing Energy Offers for mFRR (volume and price) awarded in the mFRR Process,

c) the Balancing Energy Offers for aFRR (volume and price) awarded in the aFRR Process,

d) the HETS Operators requirements for aFRR per AGC cycle,

e) the activated energy offers for purposes other than balancing,

f) the Dispatch Instructions,

g) the Supervisory Control and Data Acquisition System (SCADA) measurements for the Balancing Service Entities that supply aFRR Balancing Energy,

h) the indications marking the energy supplied for purposes other than balancing,

i) The certified energy measurement data for the Balancing Service Entities and the interconnections, including the Electricity Supply Volume via Direct Lines,

j) the volume of electricity absorbed by Low and Medium Voltage consumers, as notified to the HETS Operator by Distribution Network Operators,

k) the energy profiles by category for non-metered Absorption Installations from Distribution Network Operators,

l) the total injections of the RES Units connected to the Low Voltage Network, as notified to the HETS Operator by the Distribution Network Operators,

m) the Declared Characteristics of the Balancing Service Entities,

n) any submitted Declarations of Total or Partial non-Availability or Major Outage Declarations of the Balancing Service Entities,

o) the ISP results for upward and downward FCR, automatic FRR and manual FRR Balancing Capacity for the Balancing Service Entities, in MW,

p) the Balancing Capacity Offers for the Balancing Service Entities,

q) the actual availability of the Balancing Service Entities for the supply of any type of Balancing Capacity,

r) the Baseline Load of the Dispatchable Load Portfolios and the Dispatchable Intermittent RES Generation Units,

s) the indications marking the energy supplied for an mFRR Test Dispatch Instruction, and

t) the total injections of the Dispatchable RES Generation Units Portfolios and the total offtake of the Dispatchable Load Portfolios.

For every Imbalance Settlement Period, the HETS Operator shall calculate the Electricity Supply Volume via a Direct Line for Demand Facilities with a Parallel Connection, as the lowest of the following:

a) the metered generation by the generating unit that is connected to the Direct Line,

b) the energy corresponding to the HETS Operator’s Dispatch Instructions issued to the generating unit that is connected to the Direct Line,

c) the metered energy drawn from the Direct Line, which is the lowest measurement value of the meters installed at the connection points between the Direct Line and the Direct Line Users,

d) the metered energy consumed by the Demand Facility that is connected to the Direct Line,

e) the declaration submitted by the owner of the Demand Facility to the HETS Operator.

The declaration provided for in point (e) of paragraph 2 of this article includes the maximum amount of electricity that the Demand Facility can procure through the Direct Line in MWh and the Load Representative(s) to whom, as specified in paragraph 3 of this article, the Quantity of Electricity Supply through the Direct Line of the Demand Facility is allocated. The declaration is submitted by the start of operation of the Direct Line at the latest and updated by the owner of the Demand Facility in a timely manner, before any modification of the information included therein.

For every Imbalance Settlement Period, the Electricity Supply Volume via Direct Line corresponding to a Demand Facility is apportioned to the Load Representatives based on their load representation rate, in accordance with the Load Meter Representation Declaration submitted by the Demand Facility pursuant to subsection 10.10 of the HETS Grid Code for that specific Imbalance Settlement Period. Volume shall not be charged against the Load Representatives if they were not included in the declaration provided for in paragraph 2(e) of this Article.

The HETS Operator shall assign the Clearing of Positions, risk management and Cash Settlement procedures that need to be performed in the context of the operation of the Balancing Market to a Clearing House, as set out in Article 12 and 17 of Law 4425/2016 and this Rulebook. The Clearing House shall have a Clearing Rulebook for Balancing Market Positions, which shall be issued as laid down in Articles 12 and 13(2) of Law 4425/2016.

The Clearing House shall perform the Clearing of Positions, risk management and Cash Settlement procedures in accordance with this Rulebook, the Clearing Rulebook for Balancing Market Positions and the Implementing and Technical Decisions issued for their performance, and shall undertake all the duties and responsibilities arising from them vis-a-vis the HETS Operator and any other third party involved in their implementation. The Participants shall be liable to fulfill their monetary obligations arising from this Rulebook as set out in the Regulation for the Settlement of Balancing Market Positions CHAPTER 22 and in CHAPTER 23 of this Rulebook.

For the purposes of the Initial Settlement, the Distribution Network Operators shall communicate to the HETS Operator, every day D, for day D+2, the amounts calculated in advance for each Load Representative and per profile category of consumption of non-metered Low Voltage Absorption Facilities of the HETS Operator, in accordance with the Hellenic Electricity Distribution Network Code.

For the purposes of the Initial Settlement, the Distribution Network Operators shall communicate to the HETS Operator, every day, D, for the previous day D-1, per Imbalance Settlement Period:

a) The measurements/estimates of total electricity offtake corresponding to telemetered Absorption Facilities connected to the HETS Low Voltage network, normalised to the Transmission System – Distribution Network boundary, per Load Representative, in accordance with the provisions of the Hellenic Electricity Distribution Network Operator (HEDNO) Management Code,

b) The measurements/estimates of total electricity offtake corresponding to HETS Medium Voltage Facilities, normalised to the Transmission System - Distribution Network boundary, per Load Representative, in accordance with the provisions of the Hellenic Electricity Distribution Network Operator (HEDNO) Management Code,

c) The measurements / estimates of total production by RES Units connected to the HETS Low Voltage network, as provided in the Hellenic Electricity Distribution Network Code,

d) The measurements of the total electricity offtake of the Distributed Load Portfolios for the installations connected to the Medium and/or Low Voltage network, adjusted to the Transmission System - Distribution System Limit, based on the Table of Meters for Dispatchable Load Portfolios referred to in Article 5.4 of this Rulebook,

e) The measurements of the total electricity production of the Dispatchable RES Units Portfolios for the units connected to the Low Voltage network, based on the Table of RES and CHP Units referred to in Article 5.3 of this Rulebook.

For the purposes of the Corrective Settlement, the Distribution Network Operators shall communicate to the HETS Operator, until Monday of Settlement W+6, for every Settlement Week, W, per Imbalance Settlement Period, the following revised data:

a) The measurements/estimates of total electricity offtake corresponding to telemetered Absorption Facilities connected to the HETS Low Voltage network, normalised to the Transmission System – Distribution Network boundary, per Load Representative, in accordance with the provisions of the Hellenic Electricity Distribution Network Operator (HEDNO) Management Code,

b) The measurements/estimates of total electricity offtake corresponding to HETS Medium Voltage Facilities, normalised to the Transmission System - Distribution Network boundary, per Load Representative, in accordance with the provisions of the Hellenic Electricity Distribution Network Operator (HEDNO) Management Code,

c) The measurements / estimates of total production by RES Units connected to the Interconnected System Low Voltage network, as provided in the Hellenic Electricity Distribution Network Code,

d) The measurements of the total electricity offtake of the Distributed Load Portfolios for the installations connected to the Medium and/or Low Voltage network, adjusted to the Transmission System - Distribution System Limit, based on the Table of Meters for Dispatchable Load Portfolios referred to in Article 5.4 of this Rulebook,

e) The measurements of the total electricity production of the Dispatchable RES Units Portfolios for the units connected to the Low Voltage network, based on the Table of RES and CHP Units referred to in Article 5.3 of this Rulebook.

For the purposes of the Final Settlement of the first Half-Year Settlement Period of year Y, the Distribution Network Operators shall send details to the HETS Operator, before the twenty-sixth (26th) Tuesday of year Y+3, the final measurements for items a to e in paragraph 3 of this Article.

For the purposes of Final Settlement of the second Half-Year Settlement Period of year Y, the Distribution Network Operators shall communicate to the HETS Operator, by the fifty-second (52) Tuesday of the year Y+3, the final measurements for items a to e of paragraph 3 of this Article.

Any corrections to the data provided in this Article after the deadlines set out in paragraphs 4 and 5 of this Article shall not be taken into account for the Balancing Market Settlement pursuant to this Rulebook.

Any deficit in coupled markets in relation to Cross-Border Physical Deliveries that correspond to imports and exports per coupled interconnection under the Single Day-Ahead Market Coupling, Intra-Day Auctions and Continuous Intra-Day Trading, to the extent where it is not covered by a potential relevant surplus deriving from the Cross-Border Physical Deliveries to the HETS Operator or the Shipping Agent, shall be covered as follows:

a) Initially, by any remuneration paid due to failure of the contracting parties to fulfil their obligations relating to the Cross-Border Physical Deliveries that correspond to imports and exports per coupled interconnection under the Single Day-Ahead Market Coupling, Intra-Day Auctions and Continuous Intra-Day Trading, in accordance with the provisions of the contract between the Shipping Agent and the HETS Operator.

b) in the case that the amount of (a) does not suffice, by the payment of the remaining balance in the non-Compliance Charges Account held by the Energy Exchange in accordance with the Day-Ahead & Intra-Day Markets Trading Rulebook and the process described in section 3.12.8 thereof.

c) if the amount of cases (a) and (b) is not sufficient, by the payment of the available balance of the Non-Conformity Debit Account maintained by the HETS Operator in accordance with Article 22.8 paragraph 1, case (b).

Any surplus in coupled markets in relation to Cross-Border Physical Deliveries that correspond to imports and exports per coupled interconnection under the Single Day-Ahead Market Coupling, Intra-Day Auctions and Continuous Intra-Day Trading, as calculated in the results of the Single Day-Ahead Market Coupling, Intra-Day Auctions and Continuous Intra-Day Trading respectively, which remains after covering potential relevant deficits deriving from the Cross-Border Physical Deliveries to the HETS Operator or the Shipping Agent, shall be transferred to the non-Compliance Charges Account held by the HETS Operator.