Ongoing projects in eSett

Capacity Settlement in Norway 

Statnett transferred the settlement of mFRR and mFRR-D balancing capacity procured in Norway to eSett on 4th of March, 2025.  In the next phase, Statnett transfers aFRR capacity settlement to eSett on May 26th, followed by the transfer of FCR capacity settlement on September 8th.

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15 min Imbalance Settlement Period

The Nordic Transmission System Operators have decided to switch from 1 hour to 15 minutes imbalance settlement period. The transition is separated into multiple phases. The go-live date for the 15-minute imbalance settlement period (ISP) in eSett was on Monday May 22, 2023 at 00.00 CET.

15 min Imbalance prices and 15 min cross-border Intraday trading took place in the Nordic electricity market on March 18th, 2025, for the following delivery day. Additionally, 15 min cross-border Day-ahead trading will start on 11th of June 2025, for the following delivery day.

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Balancing Service Provider (BSP) Model and Independent Aggregator

The Nordic Imbalance Settlement model is undergoing changes with the introduction of a new role called the Balancing Service Provider (BSP), responsible for providing balancing energy or capacity to the Transmission System Operator (TSO). This transition involves splitting the current responsibilities of the Balance Responsible Parties (BRPs) into two roles: BRP for imbalances and BSP for balancing energy and capacity, where Independent Aggregator will be participating.

The introduction of the Independent Aggregator in the Nordic Imbalance Settlement model aims to improve the efficiency, competition, and reliability of the electricity market while enabling the integration of renewable energy sources and ensuring grid stability.

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Cash Account Model

eSett is renewing the settlement account model based on customer feedback. The project involves separating the collateral and invoicing accounts into two distinct accounts. This provides greater flexibility and options for customers for managing cash and collateral.

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Changes in Data Flow Contents

eSett will implement several changes to the data flows gradually over the course of 2024 and 2025. While these changes may seem relatively minor, it is crucial for you to familiarize yourself with them and evaluate their impact on your systems. These modifications will eventually affect the communication of data flows both from market participants to eSett and vice versa.

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