What is a balancing group?
On the energy market, the balancing group (also known as the balancing authority) accounts for all power produced and/or consumed by a collection of assets within the group. Accounting for the group’s net production or consumption serves as an instrument for providing a particular operating region the precise amount of power it needs. The group manages the balancing act between power feed-in and off-take. This is designed to avoid over- and underproduction as much as possible by efficiently utilizing the power grid with minimal frequency fluctuations. Ultimately, the goal is to simultaneously match the amount of power consumed and produced within the grid.
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