Recording of closed contracts
The recording of closed contracts and operational forecasts is the basis for the preparation of the Balance Scheme members’ market plans and for the preparation of the indicative operating schedule of the TSO, which is subsequently used for the calculation of the imbalance settlement.
Under current legislation, every closed contract must be recorded with the market operator. The members of the Balance Scheme are required to report all closed contracts concluded between the members of the Balance Scheme, all export and import closed contracts and transactions concluded on the energy exchange for the day ahead. The market operator calculates the market plan of the members of the Balance Scheme based on the quantities of electricity sold and purchased in the recorded closed contracts.
The members of the Balance Scheme are also required to report daily operational forecasts for supply and consumption for the delivery points that belong to their Balance Group. The balancing affiliation of the delivery points is determined in the open contracts concluded among the suppliers and the consumers or producers of electricity.
The reporting of closed contracts and operational forecasts is carried out on a daily basis using the online application for the reporting of closed contracts and operational forecasts, which is accessed by the Balance Group Responsible Parties who submit reports for their hierarchically inferior members as well.
The introduction of the Single Intra-Day Market Coupling (SIDC or formerly known as XBID) allows the reporting of quantities in closed contracts using cross-border transmission capacity to three decimal places.
The deadline for recording of closed contracts and operational forecasts
|
The deadline for recording of closed contracts and operational forecasts
|
Closed contracts and operational forecasts must be recorded by 14:30 CET (15:30* / 16:00* CET) or (15:00** / 15:30** CET) each day for the following day. Closed contracts and operational forecasts concluded after the deadline for recording and changes of already recorded closed contracts must be recorded not later than two working days after the delivery day until 10:00 CET. |
| Recording restriction |
Recording of closed contracts and operational forecast is not possible from 14:30 CET (15:30*/16:00* CET) or (15:00** / 15:30** CET) until 16:30 CET. |
*Recording deadlines in case of multilateral IBWT or bilateral decoupling.
**Deadlines apply until the start of the “Core Flow-Based Market Coupling” project.
In the event of systemic or human errors leading to a disruption of the coupling of the Slovenian exchange market at the Italian border and, consequently, to a delay in the deadlines for the recording of the results, the timelines for the recording of the results would exceed the deadlines in the current timetable for the recording of closed contracts and operational forecasts. In the event of a decoupling, the Market Operator shall inform all Balance Scheme members through the scheduling application and allow recording according to the revised schedule.