- balancing capacity
means a volume of 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 transmission system operator for the duration of the contract;
- balancing energy
means energy used by transmission system operators to carry out balancing;
- balancing service
means:
- capacity mechanism
means capacity mechanism as defined in Article 2, point (22), of Regulation (EU) 2019/943;
- consumption unit
means a resource which receives electricity, natural gas or hydrogen for its own use;
- contracts-for-difference
means contracts for difference as defined in Article 2, point (76), of Regulation (EU) 2019/943.
- entry-exit system
means entry-exit system as defined in Article 2, point (57), of Directive (EU) 2024/1788;
- fundamental data
means information related to the capacity and use of facilities for production, storage, consumption or transmission of electricity and natural gas or related to the capacity and use of LNG facilities, including planned or unplanned unavailability of such facilities;
- group
means group as defined in Article 2, point (11), of Directive 2013/34/EU of the European Parliament and of the Council;
- intragroup transaction
means a transaction relating to wholesale energy products entered into with a counterparty which is part of the same group provided that both counterparties are included in the same consolidation on a full basis;
- lifecycle event
means any modification, cancellation, correction, early termination or, where applicable, execution of any trade, order to trade, matched or unmatched, or bilateral contract related to wholesale energy products;
- low-carbon hydrogen
means low-carbon hydrogen as defined in Article 2, point (11), of Directive (EU) 2024/1788;
- nomination
means:
- non-standard contract
means a contract concerning any wholesale energy product that is not admitted to trading at an OMP;
- OTC
means any transaction carried out outside an organised marketplace;
- production unit
means a facility for generation of electricity made up of a single generation unit or of an aggregation of generation units;
- redispatching
means redispatching as defined in Article 2, point (26), of Regulation (EU) 2019/943;
- renewable hydrogen
means hydrogen qualifying as biogas as defined in Article 2, point (28), of Directive (EU) 2018/2001 of the European Parliament and of the Council, and hydrogen qualifying as renewable fuels of non-biological origin as defined in Article 2, point (36), of that Directive;
- standard contract
means a contract concerning a wholesale energy product that is admitted to trading at an OMP;
- storage facility
means:
- trade-matching system
means a system that facilitates the matching of orders to trade in wholesale energy products and where the conclusion of the transaction takes place outside of the trade-matching system;
- transaction
means any trade and order to trade, matched or unmatched, or bilateral contract and its execution related to wholesale energy products, including any lifecycle event of such trade, order to trade or bilateral contract;