Chapter 1 Flashcards
1
Q
What is the BSC?
A
A multiparty agreement that defines the rules and governance of balancing and imbalance settlement process
2
Q
How can supplier supply energy? (3)
A
- Own power generation
- Power Purchase Agreement (from Generator)
- Trade on the wholesale market
3
Q
Who is included in the wholesale market? (7)
A
- Generators
- Suppliers
- Traders
- Network operators
- Interconnectors
- Independent Aggregators
- Third party companies
4
Q
What is the imbalance volume?
A
The volume of energy left over after contracted and measured volumes are compared.
5
Q
How is the imbalanced paid?
A
Via the imbalance price multiplied by the imbalance volume
***Note: cost imbalances create financial incentive to be more accurate
