Through the balance services, the customer balances the difference between its electricity procurement and electricity supply by means of imbalance power, obtains the services related to imbalance settlement, and an opportunity to participate in the Nordic balancing power market.
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.