Eu balancing code mod 494 imbalance charge amendments
This presentation is the property of its rightful owner.
Sponsored Links
1 / 6

EU Balancing Code – Mod 494 Imbalance Charge Amendments PowerPoint PPT Presentation


  • 53 Views
  • Uploaded on
  • Presentation posted in: General

EU Balancing Code – Mod 494 Imbalance Charge Amendments. EU Workgroup 1 st May 2014. Content. EU Gas Balancing Code sets out the imbalance charge calculation GB scheme is mostly in line with the EU Code. However, there are changes required for setting: - SMP Buy Price SMP Sell Price. 2.

Download Presentation

EU Balancing Code – Mod 494 Imbalance Charge Amendments

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Eu balancing code mod 494 imbalance charge amendments

EU Balancing Code – Mod 494 Imbalance Charge Amendments

EU Workgroup

1st May 2014


Content

Content

  • EU Gas Balancing Code sets out the imbalance charge calculation

  • GB scheme is mostly in line with the EU Code. However, there are changes required for setting: -

    • SMP Buy Price

    • SMP Sell Price

2


Unc v eu balancing code

UNC v EU Balancing Code


Options

Options


Proposed change to match eu definition

Proposed Change to Match EU Definition

1.2.1 Subject to paragraphs 1.2.2 and 1.2.5, for each Day:

(a) the "System Marginal Buy Price" is the greater of:

(i) the System Average Price plus the Default System Marginal Price; and

(ii) the price in pence/kWh which (subject to Section D4.1.4, 4.1.5(a)) is equal to the highest Balancing Action Offer Price in relation to a Market Balancing Buy Action taken for that Day;

(b) the "System Marginal Sell Price" is the lesser of:

(i) the System Average Price less the Default System Marginal Price; and

(ii) the price in pence/kWh which (subject to Section D4.1.4, 4.1.5(b) and 4.1.7) is equal to the lowest Balancing Action Offer Price in relation to a Market Balancing SellAction taken for that Day;


Any questions

Any questions

Please contact me on 01926 653233 or

[email protected]

6


  • Login