Nordic Balance Settlement
Fingrid, Statnett and Svenska Kraftnät have decided to carry out a project which aims to harmonise and integrate the balance settlement procedure between the transmission system level and the bidding areas (Nordic Balance Settlement, NBS). The objective of the NBS project is to outsource the operative management of balance settlement to a separate inter-Nordic balance settlement unit referred to as Settlement Responsible (SR). However, the transmission system operators continue to be responsible for the national balance settlements, and for example Fingrid continues to carry responsibility for the balance settlement as part of system responsibility.
Once the project is completed, the balance settlement in the various countries and bidding areas would be carried out applying uniform principles, and the electricity market parties serving as balance responsible parties would obtain uniform service from a single source, no matter in which country the parties operate.
These efforts will also contribute to the project for the implementation of an inter-Nordic retail market for electricity, headed by NordREG.
Further information:
Pasi Aho, tel. +358 (0)30 395 5262
Pasi Lintunen, tel. +358 (0)30 395 5218
