Balance service
Fingrid is responsible for maintaining a continuous power balance in Finland and for the nation-wide imbalance settlement.
Each party operating in the electricity market must take continuous care of its power balance, i.e. the party must maintain a continuous power balance between its electricity production/procurement and consumption/sales. In practice, an electricity market party cannot do this by itself, which is why it must have an open supplier which balances the power balance of the party. A party whose open supplier is Fingrid is referred to as a balance responsible party.
The open delivery between Fingrid and a balance responsible party is agreed upon through a balance service agreement, whose terms are public and equal to all. Upon signing the balance service agreement, the balance responsible party obtains the open electricity delivery and also the services related to imbalance settlement between the balance responsible party and Fingrid as well as an opportunity to participate in the balancing power market.
The balance responsible party must also adhere to the valid application instruction for balance service.
Further questions
Attachments
Valid balance service agreement and application instruction appended to the agreement:
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Balance service agreement |
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Appendix1: Application instruction |
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Appendix2:Fee components |
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Appendix3: Guarantees |
Guarantee Document Templates:
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Demand guarantee |
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Pledge agreement |
More information
How to become a balance responsible party?
Task list for a new balance responsible party