There is a plan to establish a new role in the Nordic Imbalance Settlement model called Balance Service Provider (BSP). BSPs are market participants which provide balancing energy or balancing capacity or both to the Transmission System Operator (TSO). BSPs, such as generators or demand facilities, balance out unforeseen fluctuations in the electricity grid by increasing or reducing their power output as requested by the TSO. Each balancing energy trade from a BSP is assigned to a Balance Responsible Party.
The Nordic TSOs are gradually taking the new role into use. eSett will carry out the invoicing of the BSP on behalf of the TSOs at least in some of the Nordic Imbalance Settlement countries. To get ready for this market change, eSett has initiated a project to provide these services.
The main changes are:
- Introducing the role of BSP in the Nordic Imbalance Settlement by splitting the current responsibilities of the Balance Responsible Parties (BRP) into two:
- BRP – responsible for imbalances
- BSP – responsible for balancing energy and capacity
Also, a commissioning plan has been prepared to help the market to identify the changes that are relevant for them.
Please note that the implementation schedule is still open, and there may be a stepwise go-live per country. However, in all Nordic countries the current role of BRP will be split into BRP and BSP roles, and this will cause minor changes in messaging to all BRPs to keep the requirements and messaging of BRPs harmonized.
eSett and the Nordic TSOs aim to provide more information on the implementation schedule of the BSP role in the fall of 2021. The new model is estimated to be implemented in Q2–Q3/2022 at the earliest.
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