The Platform for Balancing Energy
The Platform for Balancing Energy is a technologically supported organised form of collecting and engaging bids for the sale and purchase of balancing energy with the aim of settling imbalances in the electricity system in a transparent and economically efficient manner.
Entry to the balancing market:
Other links:
Trading on the Platform for Balancing Energy is implemented through a platform for collecting purchase and sale bids for electricity through which the System Operator (ELES) buys and sells electricity intended for the settlement of imbalances in the electricity system. Trading on the platform for the balancing energy is carried out together with Intra-day trading, and further on, one hour after the closure of the Intra-day trading and until actual supply of the product. All companies included in the Balance Scheme of the electricity market and which acceded to trading on the Platform for the Balancing Energy and intra-day trading can participate in trading.
Trading Schedule
Trading on the Platform for Balancing Energy is carried out 24 hours a day, seven days a week, and at most one day in advance. Trading with hourly, 15-minute, base-load and peak-load products is enabled.
15-minute, Hourly, Base-load and Peak-load Products
15-minute, hourly, base-load, and peak-load products are available for trading from 15:00 p.m. each day before the start of actual supply. Entry and concluding transactions with these products are possible up to the start of actual supply.
Implementation of Platform for Balancing Energy
In implementing the Platform for Balancing Energy, Borzen co-operates with the BSP SouthPool energy exchange, which offers a trading platform for the implementation of the Platform for balancing energy with all necessary functionalities.
For more detailed information, please see the Rules on the Organisation of the Market Operator's Platform for Balancing Energy.
Clearing and Financial Settlement of Transactions Concluded on the Platform for Balancing Energy
Clearing and Financial Settlement of claims and liabilities arising from the Platform for Balancing Energy is carried out by the Clearing Agent. Clearing Agent is liable for the fulfilment of financial liabilities for transactions concluded on the Platform for Balancing Energy in the scope of submitted and redeemable financial guarantees.
Financial settlement of transactions concluded on the Platform for Balancing Energy is executed one (1) business day after the issuing of invoices. Detailed explanation regarding the Clearing and Financial Settlement of the transactions concluded on the Platform for Balancing Energy is available in the Clearing Rules.