SECTION VII TRANSITIONAL PROVISIONS
CHAPTER 27 TRANSITIONAL PROVISIONS ON THE BALANCING MARKET

  • Article27.1 Submission of Balancing Energy Offers to the Balancing Energy Market

    1. Article 67(1) of this Rulebook shall enter into force sixteen (16) months after the launch of the Day-Ahead, Intra-Day and Balancing Markets of Law 4425/2016, as in force.

    2. As regards the submission of Balancing Energy Offers to the Balancing Market during the transitional period of sixteen (16) months from the launch of the Day-Ahead, Intra-Day and Balancing Markets of Law 4425/2016, as in force, paragraphs 3 and 4 of this Article shall apply.

    3. The Balancing Energy Offers for manual and automatic FRR for the manual FRR Time Units, which are included in a Dispatch Period, are identical, i.e. they are the same in terms of form, of quantities and of Balancing Energy Offer prices.

    4. Balancing Energy Offers for manual and automatic FRR may be submitted for each Dispatch Period no later than the Expiration of the Deadline for the Submission of Balancing Energy Market Offers. The Expiration of the Deadline for the Submission of Balancing Energy Market Offers is fifteen (15) minutes prior to each Dispatch Period.

    5.  For the calculation of non-Compliance Charges set out in ‎Article 22.1, during the transitional period as per paragraph 1 of this Article, without prejudice to the provisions of Article 113, the coefficients and the parameters shall be applied per Dispatch Period and not per manual FRR Time Unit. Upon expiration of the transitional period, the coefficients and the parameters shall be applied per manual FRR Time Unit, as specified in ‎Article 22.1.

  • Article 27.2 Submission of Balancing Energy Offers to the Balancing Market for the period until the constraint in the Peloponnese System is lifted

    1. Apart from the above provisions, the submission of Balancing Energy Offers with negative prices by the Balancing Service Providers shall be suspended until the current constraint due to congestion in the Peloponnese System is lifted.

    2. The constraint in question shall be deemed to have been lifted with the issuance of an act by the RAEWW for the commissioning into operation of the Megalopolis System 400kV Transmission Line

  • Article 27.3 Calculation of the Balancing Market Fee

     

    1.  Pending the approval by RAEWW of the Methodology for determining revenue required by the HETS Operator for operation of the Markets in accordance with the provisions of ‎Article 6.1, paragraph 1 of this Rulebook, as well as the accounting separation rules to which the HETS Operator is subject, in accordance with the provisions of Article 141 of Law 4001/2011, the approval of the Balancing Market Fee is based on the HETS Operator’s own estimates of Revenue Required for the operation of the Markets with the possibility of corrective settlement after adoption of the aforementioned decisions of the RAEWW.

  • 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. 

  • Article 27.5 Calculation of Balancing Energy and Imbalances in operation under AGC

    1. The provisions of paragraph 8 of Article 19.1 of this Rulebook shall enter into force on 16 September 2024.