Swedish settlement of balancing capacity
Svenska kraftnät will transfer the settlement of balancing capacity procured in Sweden to eSett. The move is expected to take place during Q3/2023. The exact date is not yet known but will be communicated to the market well in advance.
The move will affect balance responsible parties that provide balancing capacity to Svenska kraftnät. Initially, the move will affect balance responsible parties that provide FCR and aFRR. The settlement of mFRR balancing capacity will also be handled by eSett once the upcoming mFRR Capacity Market goes live.
The main changes are:
- The invoicing of balancing capacity procured by Svenska kraftnät will become part of eSett’s weekly Imbalance Settlement invoicing
- Current imbalance settlement invoices will include balancing capacity products
- The procured balancing capacity volumes and amounts will be visible in Online Service
Moving the settlement of balancing capacity to eSett does not require current balance responsible parties to carry out any new tests.
With this change Svenska kraftnät and eSett aim to simplify the settlement of balancing services as all information will be gathered in one place. Also, the invoicing of balancing capacity will be more straightforward once eSett is the one sending out the balancing capacity invoices to the balance responsible parties.
Moving the Swedish settlement of balancing capacity to eSett requires changes to the Swedish Balance Agreement. Svenska kraftnät will update the Balance Agreement during first half of 2023. For questions regarding the update of the agreement please contact balansansvarsavtal@svk.se.
Commissioning plan
eSett has published a commissioning plan for moving the settlement of balancing capacity procured in Sweden to eSett in order to help the concerned balance responsible parties with this change. The plan will be updated based on the updated information in the project.