News archive

4.12.2018 / Maintenance break due to new system version release

eSett will update its imbalance settlement system to a new version to support functionalities such as approval mechanism for bilateral trades, two new structure data flows and Key Performance Indicator (KPI) reports to Balance Responsible Parties among …

30.11.2018 / eSett Customer Satisfaction Survey 2018

Dear Market Participant, Kindly let us know how you have experienced our customer services by filling out eSett´s annual Customer Satisfaction Survey. The survey will only take about three minutes to complete. In return, we promise to develop our custo …

27.11.2018 / Handbook update

The Nordic Imbalance Settlement Handbook has been updated to a new version 2.3. Important highlights of the version are update to the gate closures for structure changes and update to the collateral formula. New information regarding market behaviour r …

19.11.2018 / Update of Appendix 1 Fees of the Imbalance Settlement Agreement

It has been decided that in Sweden the appendix 1 Fees will be updated. From 1st of January 2019 and until further notice the following fees will apply to Balance Responsible Parties active in Sweden. New fees, valid from 1st of January 2019 are listed …

9.11.2018 / Update of Appendix 2 Collaterals of the Imbalance Settlement Agreement

eSett has decided to update the formula for collateral calculation to better reflect on market behavior where BRP trades in intraday market. The current collateral model does not take into account intraday trades at all, leading to an increased risk po …

21.9.2018 / Update of appendix 1 Fees of the Imbalance Settlement Agreement

The decision concerns the level of the peak load reserve fee levied on Swedish consumption through Balance Responsibility Parties active in Sweden. Svenska kraftnät has decided to set the fee at 0,350 EUR/MWh from November 16th 2018 and until further n …

27.6.2018 / eSett looks forward to truly Nordic imbalance settlement

In 2017 eSett took over the operational responsibility for imbalance settlement and the market participants in Finland, Norway and Sweden. The three nations’ Transmission System Owners (TSOs) Fingrid, Statnett and Svenska kraftnät currently own equal s …

12.6.2018 / eSett’s annual review 2017

eSett has published its annual review for 2017. You can find the review here

24.5.2018 / EU General Data Protection Regulation (GDPR)

Dear customers and partners, eSett Oy has been sending you information such as notifications, newsletters, invitations and surveys related to eSett’s services. To address the new requirements under the EU General Data Protection Regulation (GDPR) takin …

9.5.2018 / eSett’s new address

eSett has moved to a new office. The new address is Läkkisepäntie 23, 00620 Helsinki, Finland. Please direct all mail to the new address.

25.4.2018 / eSett is looking for an Imbalance Settlement Specialist

We are strengthening our team and searching for an Imbalance Settlement Specialist with focus on Norwegian and Swedish language skills. For more information please contact Mr. Tuomo Varila, Senior Headhunter tel: +358 40 507 2507 or Jan-Erik Lagerström …

23.4.2018 / Handbook update

eSett has updated the Handbook to latest version. The changes in this version include the extension of the acceptance time of bilateral trade counterparty values, introduction of multiple Nominated Electricity Market Operators, adjustment of the KPI ch …

10.4.2018 / Newsletter distribution

eSett has decided to change its communication policy so that from now on newsletters will be only sent to persons who have subscribed to the newsletters on our website. This means that for instance Online Service users will not automatically receive th …

15.3.2018 / Exceptions in invoicing and collaterals during Easter Holidays

Because of the Easter public holidays there will be some exceptions in invoicing during Easter. Invoices for week 10 will be published on March 26th, debited on March 28th and paid on April 3rd. Invoices for week 11 will be published on April 3rd, they …

22.2.2018 / Changes to bilateral trade gate closures

eSett has received feedback from Balance Responsible Parties (BRP) through Customer committee to have more time to accept counterparty values for bilateral trades (BIT). eSett accommodates these wishes by making the change described below. Currently th …

26.1.2018 / Maintenance break due to new system version release

eSett will update its imbalance settlement system to a new version to support functionalities such as Norwegian Elhub messaging with structure data flows and multiple Nominated Electricity Market Operators in the PX Market Intraday trading among other …

29.11.2017 / Update of appendix 1 Fees of the Imbalance Settlement Agreement

It has been decided that in Norway and in Sweden the appendix 1 Fees will be updated. From 1st of January 2018 and until further notice the following fees will apply to Balance Responsible Parties active in Sweden and Norway. New fees, valid from 1st o …

23.11.2017 / eSett Customer Committee meeting materials published

eSett has established a Customer Committee to provide a dialogue between eSett and its stakeholders and support on developing Nordic imbalance settlement (NBS) model and eSett´s processes. Previously active Reference Group, supporting the commissioning …

30.10.2017 / eSett is looking for an IT Project Manager

We are strengthening our team and searching for an IT Project Manager For further information, please call Ms. Sanna Leppäluoto at S&S Consulting, tel. +358 50 344 6864. Please submit your application and CV here with your salary request in English …

25.9.2017 / Update of appendix 1 Fees of the Imbalance Settlement Agreement

The decision concerns the level of the peak load reserve fee levied on Swedish consumption through Balance Responsible Parties active in Sweden. Svenska kraftnät has decided to set the fee at 0,430 EUR/MWh from November 16th 2017 and until further noti …

8.8.2017 / eSett is looking for ICT Specialist

We are strengthening our team and searching for an ICT Specialist. For further information, please call Ms. Sanna Leppäluoto at S&S Consulting, tel. +358 50 344 6864. Please submit your application and CV here with your salary request in English by …

6.6.2017 / eSett is looking for Administrative Specialist

eSett is looking for Administrative Specialist. For further information, please call Ms. Sanna Leppäluoto at S&S Consulting, tel. +358 50 344 6864. Please submit your application and CV with your salary request in English through the link by 17th J …

2.5.2017 / Nordic Balance Settlement successfully launched

The first of May witnessed a significant milestone in the Nordic electricity market co-operation. eSett Oy, the joint company of the three Nordic Transmission System Operators (TSOs) Fingrid, Statnett and Svenska kraftnät launched a joint Nordic Balanc …

27.4.2017 / The Go-Live day is approaching

The commissioning of Basse and the NBS model is approaching its climax as the Parallel Settlement ends and full production use starts on the 1st of May 00:00 CET. Since market participants have been required to report all their actual settlement data a …

3.3.2017 / eSett’s Customer Committee rules and procedures has been published

eSett has prepared the rules and procedures for eSett’s Customer Committee in co-operation with the NBS reference group. The rules and procedures can be found here. It has been agreed that the Transmission System Operators will nominate the committee m …

16.2.2017 / eSett Customer Satisfaction Survey results

eSett carried out customer satisfaction survey during January 2017. The questionnaire link was sent to all Online Service end users and it was open during weeks 1 and 2. The survey itself contained questions about eSett´s customer service and how marke …

9.2.2017 / Parallel Settlement Clinic – presentation materials published

eSett arranges a series of one hour clinics for market participants throughout the Parallel settlement period concerning different topics in order to provide support for market participants. Please see the schedule below 7.2 13:00 CET Connectivity 9.2 …

3.2.2017 / Parallel settlement begins on Monday 6.2.2017

Final commissioning phase, Parallel settlement, begins on Monday 6.2.2017. Online Service and Messaging service will be both opened again for market participants to establish connectivity and finalize their market structures. It is strongly recommended …

18.1.2017 / Finnish energy authority confirmed terms of Fingrid´s balance agreement on 2nd of January 2017

Finnish energy authority confirmed the contractual terms of Fingrid´s balance agreement on 2nd of January 2017. The decision was concerning Fingrid´s balance agreements terms and conditions, which will come into force when the commissioning of the Nord …

12.12.2016 / Maintenance break for market participant activities has started

Maintenance break for market participant activities has started on 9.12.2016. Next time the market participants are able to access the Basse’s all services will be on 6.2.2016. If there will be any possibility to open the services, at least partly, bef …

3.11.2016 / External tests begin on Friday the 4th of November

Online Service opens in Read-Write mode on Friday the 4th of November for External testing phase, which is targeted to all market participants. Test objectives are the following: Simulate day-to-day settlement processes to identify remaining bugs and p …

21.10.2016 / Online Service maintenance break starts on Monday

Online Service will be taken down for maintenance on Monday 24th of October 2016 at 08:00 EET. Market participants are able to continue structure data verification on Friday 4th of November 2016. Connectivity testing and structural changes will also be …

10.10.2016 / Online Service opens in Read Only -mode

Market participants are able to continue structure verification activities again. eSett kindly advices Market Participants to log into Online Service and verify their structures. Structure data changes will be carried out by eSett on behalf of market p …

15.9.2016 / New go-live date for Nordic Imbalance Settlement agreed

The Nordic Imbalance Settlement will be launched on Monday 1st of May 2017. The commissioning will be done simultaneously in all three countries. – Since the postponement was announced in June 2016, we have improved and stabilized the settlement system …

2.9.2016 / Sign up to Vendor testing

System vendor testing is going to be continued from 19.9.2016 to 25.11.2016. This test phase is aimed for companies that provide services or operate platforms used by multiple market participants. The tests take place in eSett testing environment with …

29.8.2016 / Online Service is now under maintenance

As informed last week, Online Service is now under maintenance for bug fixing, new version deployment and extensive testing. The system is scheduled to be available again in the beginning of October, when the structure verification shall continue. eSet …

24.8.2016 / New Go-Live date will be published during September

The new Go-Live date will be published during September and not by the end of August, as previously informed. This additional time is required as eSett has decided to carry out final audit of the imbalance settlement system in the beginning of Septembe …

22.8.2016 / Online Service maintenance break starts this Friday

Online Service will be taken down for maintenance starting from this Friday, 26th of August, at 14.00 CET. During the maintenance break eSett will carry out important and extensive performance tests along with the deployment of new improved version of …

8.8.2016 / Market Structures are listed on eSett´s renewed website

eSett has listed and published Market Participants and Metering Grid Areas in Nordic electricity markets. This action has been requested by the Nordic regulators in order to increase the transparency and mutual understanding among the stakeholders. Lis …

23.6.2016 / Online Service opens in Read Only-mode

eSett invites market participants to continue the structure validation. We see it extremely important that all efforts for getting the market structures fully verified during the summer period will be made, as this will smoothen the start of Operationa …

10.6.2016 / Shadow Settlement will be cancelled

We are sorry to announce that the shadow settlement phase, planned to start on week 24, will be cancelled. This is due to the fact, that we were not able fully test the system successfully during the maintenance break. At the moment the system is not s …

6.6.2016 / The implementation of the Nordic Balance Settlement will be postponed

The launch of the Nordic Balance Settlement will be postponed and we aim for a new go-live date in Q1/2017. –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 del …

2.6.2016 / eSett is looking for Swedish speaking Customer Service Specialist

eSett is looking for Swedish speaking Customer Service Specialist. For further information, please contact  Sanna Leppäluoto / S&S Consulting, tel. +358 50 344 68 64 Please send your application, CV and salary request by e-mail at S&S Consultin …

30.5.2016 / Online Service is on maintenance break until Monday 13.6.2016 09:00 EET

According to the Commissioning plan, Online Service is on maintenance break until Monday 13.6.2016 09:00 EET.

11.5.2016 / Minor updates in Commissioning plan and Communication Guideline

eSett has recently updated Commissioning plan and Communication Guideline documents. New version of the Commissioning plan is available here. Latest version of Communication guidelines can be opened here. Below is brief description of changes that are …

9.5.2016 / Structure verification phase has started

Structure verification phase has started on Monday 9.5.2016. Market participants can verify their structure data via Online Service on weeks 19, 20 and 21 and make changes if needed. Please refer to the instructions in the News section of Online Servic …

2.5.2016 / Online Service is on maintenance break until Monday 9.5.2016 09:00 EET

According to the Commissioning plan, Online Service is on maintenance break until Monday 9.5.2016 09:00 EET. Connectivity testing can be started again on week 20 along side structure adjustment phase of OTR and it can be continued until week 21 before …

15.4.2016 / Modified schedule for Operational Test Run

Based on the experiences from the last two weeks of Connectivity Testing, eSett has slightly modified the plan for the upcoming steps of the Operational Test Run. The modifications are due to minor delays in the delivery of important functionalities th …

1.4.2016 / Operational Test Run starts on Monday 4.4.2016

Nordic Imbalance Settlement project is taking significant step forward, as the Operational test run begins on Monday 4th of April 2016 at 10 EET. eSett encourages all market participants to be active and participate actively in Operational test run. Du …

22.3.2016 / NBS Handbook is updated to a new version 2.13

The Nordic Imbalance Settlement Handbook has been updated to a new version 2.13. Important highlights are new company model introduction, detailed description of data packages including full list of generic and specific data packages, description of se …

17.3.2016 / List of the Settlement Banks has been published

eSett has entered into agreement with eight settlement banks, which are located in all three countries. More settlement banks can still be approved and the list of the banks will be updated accordingly. Full list of the settlement banks in Nordic Imbal …

4.3.2016 / Ediel portal in Sweden is open for all market party systems

Market participants in Sweden can start testing all market party systems related to NBS at Ediel Portal Sweden. News article about the testing and instructions how to get started can be found here.

29.1.2016 / New and updated information about the coming testing activities is now available

As described in the previous newsletter, eSett will distribute more information regarding upcoming testing activities by 31st of January. We have updated several documents to include detailed schedule, updated supporting documentation and released inst …

13.1.2016 / Upcoming steps of Commissioning plan

System Vendor Testing The objective of the System vendor testing is to enable testing of Nordic IT vendors and service providers solutions’ with eSett on areas which are considered as critical to test, before moving into Operational Test Run System ven …

18.12.2015 / Handbook translations

eSett is happy to announce that the translations regarding the Handbook to national languages are ready and published at esett.com. It is good to be aware that there might still be some adjustments to be done in the near future that relate to the lingu …

4.11.2015 / Primary eSett contact information address is settlement@esett.com

eSett hopes to receive all enquiries to the new address settlement@esett.com since nbs@fingrid.fi will soon stop functioning. Enquiries to this address are automatically forwarded until the end of this year.

4.11.2015 / Ediel documentation updated

NBS related Ediel documents have been updated, please visit on website https://www.ediel.org.

7.10.2015 / Project Handbook updated

The Nordic Imbalance Settlement Handbook has been updated to a new version. The current version number is 2.12 and all the relevant changes have been described in the Chapter 12 Change Log. The Handbook is available here.

5.10.2015 / Updated Connection guideline available

The Connection guideline document has been updated and is available at our Materials page.

5.10.2015 / Meet us at the Ediel- and settlement conferences this October

eSett will be represented in conferences in Sweden and Norway this October. Ediel- and settlement conference 2015 will take place at the Clarion hotel Stockholm (Sweden) on the 15th of October 2015. There will be a 2 hour session (13-15 CET) focusing s …

2.10.2015 / New version of Commissioning plan has been published

eSett has published a new version of the Commissioning plan and it can be found as a pdf-document from our Materials page. Furthermore, Checklists for go-live have been updated and are in the same location. The purpose of the plan is to provide support …

29.9.2015 / New go-live date has been decided

National Transmission System Operators (TSO) have agreed on a new go-live date for Nordic Imbalance Settlement, which will be Monday 3.10.2016. Go-live will be simultaneous for all participating countries; Finland, Norway and Sweden respectively. Befor …

28.9.2015 / Testing portal for Finnish market participants will be opened 30.9.2015

Testing portal for Finnish market participants for testing of the NBS related messages will be opened 30.9.2015. The service is provided by Finnish company called Enease and it can be accessed from address https://eneasehub.fi. The portal requires cred …

3.9.2015 / The go-live dates for launching the Nordic Balance Settlement are revised

The launch of the Nordic Balance Settlement will be postponed. The new dates for implementation are yet to be set, but the launch will move from spring to autumn 2016. The delay is due to several reasons including IT development, our evaluation of mark …

3.9.2015 / NBS market readiness survey results – More time and information required

eSett decided to carry out a market survey in order to gather information about market readiness and gain input to support market participants. The survey was executed as a short ten-question email query and the recipients were market participants with …

3.7.2015 / Connection Guideline published for comments

The first version of the Connection Guideline has been published for whole market to review and provide feedback. The document can be found from our Materials page. We are hoping market participant’s to familiarize themselves with the document and prov …

27.4.2015 / NBS Commissioning plan published for comments

NBS Project team has published the Commissioning plan and is expecting market participants to review it and share their comments on it. Learn more from the plan by visiting our Commissioning section here.

13.3.2015 / NBS Information days during week 17 in all three countries

NBS project group has decided to arrange information days in Finland, Sweden and Norway to communicate recent progress regarding the project to all market participants. Below you can find the details of each information day. A NBS information day will …

9.3.2015 / Time plan for implementation of the Nordic Balance Settlement revised

The launch of the Nordic Balance Settlement will be postponed. The new scheduled date for implementation is 1.2.2016 in Finland and 18.4.2016 in Norway and Sweden. A stepwise implementation will allow a smooth and secure transition from the current thr …