TSOs are required to maintain balance should a discrepancy between scheduled and delivered quantities of electricity exist: They must compensate for electricity shortfalls with ancillary services to ensure a stable grid.
Here is an example to illustrate the procedure: An electricity trader manages a balancing group containing several wind turbines. This includes daily forecasts of the assets’ power production. However, an unexpected storm front ends up generating more power during certain quarter-hour intervals than the trader forecasted. The trader faces a decision: either ’smooth out’ the balancing group by selling surplus power on the intraday market for the corresponding quarter-hour interval, or, if possible, reduce power production from other assets in the balancing group. Depending on the TSO, a BRP may be subject to financial penalties in the event of an imbalance.
Disclaimer: Next Kraftwerke does not take any responsibility for the completeness, accuracy and actuality of the information provided. This article is for information purposes only and does not replace individual legal advice.
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