Capacity Settlement in Norway to eSett
Statnett will transfer the settlement of balancing capacity procured in Norway to eSett. The go-live will happen on 3.12.2024.
This change will affect balancing service providers (BSP) that provides balancing capacity to Statnett. Initially, the change will affect BSPs that provide mFRR and mFFR-D in Norway. The settlement of aFRR and FCR balancing capacity will also be moved to eSett at a later stage. The exact go-live date regarding aFRR and FCR will be communicated later.
Balancing Service Providers in Norway can decide whether they want to include the capacity settlement on their current Imbalance Settlement invoice or separate it to its own BSP invoice. If it is sufficient to have the capacity reserve products on the Imbalance Settlement invoice, no actions from the BSP are needed.
If there is a need to divide the capacity reserve products on a separate invoice, the current BRP- and BSP-roles can be detached from each other resulting to an individually standing BSP within the company. The individually standing BSP will receive its own invoice which will include the activated and capacity reserve products and the BRP of the same company will continue to receive the imbalance settlement invoice but without the activated reserves.
If the BSP wants to have the reserves invoiced from another bank account or with another currency than the imbalances, the BSP must sign a new bank agreement with a settlement bank for invoicing purposes before the go-live. The chosen settlement bank must be compliant with eSett’s BSP model.
Please contact eSett latest by September 2024 if there is a need to separate the reserves on its own invoice so that there is enough time for the necessary changes before the go-live.
With this change Statnett and eSett aim to simplify the settlement of balancing services as all information will be gathered in one place. Also, the invoicing of capacity reserves will be more straightforward once eSett is the one sending out the balancing capacity invoices to the parties.
Commissioning plan
eSett has published a commissioning plan for moving the settlement of balancing capacity procured in Norway to eSett in order to help the concerned balancing service providers parties with this change. The plan will be updated based on the updated information in the project.