Glossary
P194 – Revised Derivation of the ‘Main’ Energy Imbalance Price
Formal title: Revised Derivation of the 'Main' Energy Imbalance Price
Current Status
Submission
Initial Written Assessment
Assessment Procedure
Report Phase
With Authority
Awaiting Implementation
Implemented
Summary
The proposal is to amend the calculation of the ‘Main’*Energy Imbalance Price such that only a predefined maximum volume of priced balancing actions, remaining in the Net Imbalance Volume (NIV), will contribute to the derivation of the volume weighted average imbalance price. The maximum volume of priced balancing actions will be the most expensive 100MWh remaining in the NIV.
Progression
The Authority approved the Proposed Modification on 23 March 2006.