Commission Regulation (EU) 2017/2195

means the function of operating the algorithm applied to optimise the activation of balancing energy bids;

means an energy volume physically injected or withdrawn from the system and attributed to a balance responsible party, for the calculation of the imbalance of that balance responsible party;

means a market participant or its chosen representative responsible for its imbalances;

means all actions and processes, on all timelines, through which TSOs ensure, in a continuous way, the maintenance of system frequency within a predefined stability range as set out in Article 127 of Regulation (EU) 2017/1485, and compliance with the amount of reserves needed with respect to the required quality, as set out in Part IV Title V, Title VI and Title VII of Regulation (EU) 2017/1485;

means a volume of reserve capacity that a balancing service provider has agreed to hold and in respect to which the balancing service provider has agreed to submit bids for a corresponding volume of balancing energy to the TSO for the duration of the contract;

means energy used by TSOs to perform balancing and provided by a balancing service provider;

means the point in time when submission or update of a balancing energy bid for a standard product on a common merit order list is no longer permitted;

means the entirety of institutional, commercial and operational arrangements that establish market-based management of balancing;

means a market participant with reserve-providing units or reserve-providing groups able to provide balancing services to TSOs;

means balancing energy or balancing capacity, or both;

means the function of operating the algorithm applied for the optimisation of the procurement of balancing capacity for TSOs exchanging balancing capacity.

means a scheduling and dispatching model where the generation schedules and consumption schedules as well as dispatching of power generating facilities and demand facilities, in reference to dispatchable facilities, are determined by a TSO within the integrated scheduling process;

means a list of balancing energy bids sorted in order of their bid prices, used for the activation of those bids;

means the TSO that operates the scheduling area in which balancing service providers and balance responsible parties shall be compliant with the terms and conditions related to balancing;

means the TSO that has contractual arrangements for balancing services with a balancing service provider in another scheduling area;

means the period for ramping from full delivery to a set point, or from full withdrawal back to a set point;

means the period of delivery during which the balancing service provider delivers the full requested change of power in-feed to, or the full requested change of withdrawals from the system;

means the possibility for a TSO to use only part of the balancing energy bids or balancing capacity bids offered by the balancing service provider, either in terms of power activation or time duration;

means the provision of balancing capacity to a TSO in a different scheduling area than the one in which the procured balancing service provider is connected;

means the activation of balancing energy bids for the delivery of balancing energy to a TSO in a different scheduling area than the one in which the activated balancing service provider is connected;

means either or both exchange of balancing energy and exchange of balancing capacity;

means the period between the activation request by the connecting TSO in case of TSO-TSO model or by the contracting TSO in case of TSO-BSP model and the corresponding full delivery of the concerned product;

means an energy volume calculated for a balance responsible party and representing the difference between the allocated volume attributed to that balance responsible party and the final position of that balance responsible party, including any imbalance adjustment applied to that balance responsible party, within a given imbalance settlement period;

means an energy volume representing the balancing energy from a balancing service provider and applied by the connecting TSO for an imbalance settlement period to the concerned balance responsible parties, used for the calculation of the imbalance of these balance responsible parties;

means the area in which an imbalance is calculated;

means the role to operate the algorithm applied for operating the imbalance netting process;

means the price, be it positive, zero or negative, in each imbalance settlement period for an imbalance in each direction;

means the area for the calculation of an imbalance price;

means a financial settlement mechanism for charging or paying balance responsible parties for their imbalances;

means the time unit for which balance responsible parties' imbalance is calculated;

means an iterative process that uses at least integrated scheduling process bids that contain commercial data, complex technical data of individual power generating facilities or demand facilities and explicitly includes the start-up characteristics, the latest control area adequacy analysis and the operational security limits as an input to the process;

means the point in time when the submission or the update of integrated scheduling process bids is no longer permitted for the given iterations of the integrated scheduling process;

means the mode of activation of balancing energy bids, manual or automatic, depending on whether balancing energy is triggered manually by an operator or automatically in a closed-loop manner;

means the declared energy volume of a balance responsible party used for the calculation of its imbalance;

means the period between the request by the connecting TSO in case of TSO-TSO model or by the contracting TSO in case of TSO-BSP model and the start of the ramping period;

means the TSO that requests the delivery of balancing energy.

means a scheduling and dispatching model where the generation schedules and consumption schedules as well as dispatching of power generating facilities and demand facilities are determined by the scheduling agents of those facilities;

means a product different from a standard product;

means a harmonised balancing product defined by all TSOs for the exchange of balancing services;

means a transfer of balancing capacity from the initially contracted balancing service provider to another balancing service provider;

means the period when the balancing energy bid offered by the balancing service provider can be activated, where all the characteristics of the product are respected.