6.6.2016 12:00
Current News, Electricity Market

The go-live date for launching the Nordic Balance Settlement are revised

The launch of the Nordic Balance Settlement will be postponed and we aim for a new go-live date in Q1/2017. The exact go-live date will be published in August. The delay is due to the fact that the system vendor of the new imbalance settlement system has clearly stated that they will not be able to deliver a fully functioning settlement system according to the set demands and requirements, crucial for a smooth and professional balance settlement, says Minnakaisa Ahonen, CEO of eSett.
The upcoming shadow settlement phase will continue but it will be restructured with more emphasis on structure verification and settlement reporting. Further market activities will be delayed and more information will be available on www.esett.com/commissioning in by the end of August 2016.
For more information, please contact:
Minnakaisa Ahonen, CEO eSett +358 50 542 5427
and more information is available on www.eSett.com
About the Nordic Balance Settlement project
The Finnish, Norwegian and Swedish Transmission System Operators (TSOs) Fingrid, Statnett and Svenska kraftnät have decided to implement a common imbalance settlement service for the Nordic electricity market. For this purpose, the TSOs have developed a new harmonized imbalance settlement model and founded the jointly owned service company eSett Oy to run the common imbalance settlement.