Balance management and imbalance settlement involve much reporting. Balance responsible parties, electricity market parties, network operators and Fingrid supply each other with information to serve as the basis of balance management and imbalance settlement.
Reporting of structural information
The balance responsible party must deliver to Fingrid the following information belonging to the balance responsible party's balance responsibility:
Fingrid maintains a forwarding service where the network operator delivers information on the electricity market parties’ measured hourly sum deliveries to its network to Fingrid only, and Fingrid delivers this information further to the balance responsible parties of the electricity market parties in question and to the balance responsible party of the network in question. Fingrid is not responsible for the correctness of the original information it forwards.
The balance responsible party supplies Fingrid with a summed-up production plan which covers all 1-100 MVA power plants which have been verified to be included in the production balance. Moreover, the balance responsible party supplies a separate production plan of all power plants of 100 MVA or higher. If the balance responsible party so wishes, it can also supply separate production plans of smaller production units.
To serve as the basis of balance management, the balance responsible party supplies Fingrid with preliminary production plans for the next day no later than at 17.30. The final production plans used in the imbalance settlement are delivered to Fingrid no later than 45 minutes before the beginning of the hour in question.
Balancing bids can be submitted to the balancing power market maintained by Fingrid 45 minutes before the specific hour.
The balance responsible party delivers to Fingrid information on party-specific fixed deliveries, included in its balance responsibility, on an hourly basis no later than 20 minutes before the specific hour.
The balance responsible party delivers to Fingrid information on the preliminary actual hourly production volumes based on measurements; this information is delivered within two days. The final monthly information is submitted no later than one and a half months (by the 15th day of each month).
The balance responsible party delivers to Fingrid the preliminary hourly information based on measurements concerning electricity procurement, portions of shared power plants and open deliveries included in its balance; this information is delivered within two days from the delivery of electricity. The final monthly information is submitted no later than one and a half months (by the 15th day of each month).
Each connection point measurement in the network has one party responsible for the measurements, and this party delivers the hourly measurement information for imbalance settlement purposes to those entitled to receive it. The preliminary hourly information is delivered on the next day following the delivery of electricity, and the final information is delivered within one month.
Fingrid presents hourly information and other information on its website.
In the Balance Extranet, Fingrid presents to the electricity market parties information relating to their imbalance settlement.
Moreover, Fingrid uses EDIEL messaging to report to the balance responsible party those connection point measurements in the nation-wide grid which are in Fingrid’s responsibility and which the balance responsible party is entitled to know.
On its website, Fingrid maintains a list of the chains of open deliveries of electricity market parties.
See list on Imbalance Settlement page.