PICASSO
PICASSO (The Platform for the International Coordination of Automated Frequency Restoration and Stable System Operation) is the project to establish a common European energy activation market for aFRR-energy. eSett will handle the settlement and invoicing of aFRR energy activations for the relevant market participants. As a basis for the settlement, eSett receives information of the aFRR energy activations from the TSOs.
The current implementation plan for each country:
Finland: PICASSO go-live on 29.5.2024
Denmark: PICASSO go-live during week 40 of 2024
Norway & Sweden: no date decided
Changes in eSett
Market participants acting in the new aFRR energy market will have an impact on their settlement and invoices according to the volumes and costs of the activated bids. This is an addition to the existing settlement and invoicing processes that eSett does.
The volumes and costs of the aFRR energy market will be shown in Online Service for the market participants. Additionally, the new values will be available to receive via Data Package or Information Service.
Information for new market participants
All market participants acting in the aFRR energy market will be required to register as a Balancing Service Provider (BSP) in the respective country. This includes signing relevant agreements with eSett and the TSO. If a market participant is looking to act in the aFRR energy market but is not yet a registered BSP, please contact eSett and the respective TSO.
For more information about the registration process and the agreements, please see the following pages:
https://www.esett.com/customers/new-market-participants/
https://www.esett.com/agreements-fees-bsp/
Additional information
Information about PICASSO from Fingrid (in Finnish):
https://www.fingrid.fi/sahkomarkkinat/markkinoiden-yhtenaisyys/pohjoismainen-tasehallinta/picasso/
Information about PICASSO from Energinet (in Danish):
https://energinet.dk/el/systemydelser/nordic-balancing-model/afrr-energiaktiveringsmarked-picasso/
Information about PICASSO from ENTSO-E:
https://www.entsoe.eu/network_codes/eb/picasso/
You can always contact eSett for any questions!
Contact information for eSett is:
settlement@esett.com
Phone +358 10 501 8500