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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.

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Presentation Transcript
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

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

deborah.brace@nationalgrid.com

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