1 / 6

EU Balancing Code – Mod 494 Imbalance Charge Amendments

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.

kiona-dotson
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. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. EU Balancing Code – Mod 494 Imbalance Charge Amendments EU Workgroup 1st May 2014

  2. 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

  3. UNC v EU Balancing Code

  4. Options

  5. 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;

  6. Any questions Please contact me on 01926 653233 or deborah.brace@nationalgrid.com 6

More Related