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Publikuoti: 12/18/2020. Atnaujinta: 12/18/2020

NERC HAS APPROVED TSOs’ DEROGATION REQUEST FOR 15 MIN IMBALANCE SETTLEMENT


According to the NERC decision, this means that other electricity market participants that provide balancing services in electricity trading on a daily basis will also have a longer period in which to prepare for compliance with these requirements.

Such a decision was taken by NERC at the same time on the basis of a decision taken by the regulatory authorities of the three Baltic States. On 1 December this year, all three regulatory authorities of the Baltic States, assessing the situation, as well as the additional arguments provided by the Lithuanian transmission operator, agreed on a derogation for such compliance until 31 December 2024. Given the situation where the implementation of unbalanced settlement requires the adaptation of appropriate information technology systems and market products, market players have been given a gradual deadline for the implementation of these requirements until the Baltic States are fully integrated with the common European electricity network.

On April 3 of this year, LITGRID AB applied to the Baltic transmission system operator for a derogation from the requirements. Market participants are invited to get acquainted with the decision on the NERC website.

* 2017. Regulation No. 2017/2195 of 23 November, establishing guidelines for balancing electricity