balancing capacity definition
balancing capacity means a volume of capacity that a balancing service provider has agreed to hold to and in respect to which the balancing service provider has agreed to submit bids for a corresponding volume of balancing energy to the transmission system operator for the duration of the contract;
balancing capacity means the capacity of power generation facilities (including pumped storage generation facilities), power storage facilities, systems to control demand response, other electricity demand and supply, and other similar equipment (except transmission and distribution facilities) necessary for frequency control, adjustment of the demand and supply balance, and other business to stabilize networks.
balancing capacity means a volume of reserve capacity that a balancing service provider has agreed to hold and in respect to which the balancing service provider has agreed to submit bids for a corresponding volume of balancing energy to the TSO for the duration of the contract; (6) ‘balancing service provider’ means a market participant with reserve-providing units or reserve- providing groups able to provide balancing services to TSOs; (7) ‘balance responsible party’ means a market participant or its chosen representative responsible for its imbalances; (8) ‘imbalance’ means an energy volume calculated for a balance responsible party and representing the difference between the allocated volume attributed to that balance responsible party and the final position of that balance responsible party, including any imbalance adjustment applied to that balance responsible party, within a given imbalancesettlement period; (9) ‘imbalance settlement’ means a financial settlement mechanism for charging or paying balance responsible parties for their imbalances; (10) ‘imbalance settlement period’ means the time unit for which balance responsible parties' imbalance is calculated; (11) ‘imbalance area’ means the area in which an imbalance is calculated; (12) ‘imbalance price’ means the price, be it positive, zero or negative, in each imbalance settlement period for an imbalance in each direction; (13) ‘imbalance price area’ means the area for the calculation of an imbalance price; (14) ‘imbalance adjustment’ means an energy volume representing the balancing energy from a balancing service provider and applied by the connecting TSO for an imbalance settlement period to the concerned balance responsible parties, used for the calculation of the imbalance of these balance responsible parties; (15) ‘allocated volume’ means an energy volume physically injected or withdrawn from the system and attributed to a balance responsible party, for the calculation of the imbalance of that balance responsible party; (16) ‘position’ means the declared energy volume of a balance responsible party used for the calculation of its imbalance; (17) ‘self-dispatching model’ means a scheduling and dispatching model where the generation schedules and consumption schedules as well as dispatching of power generating facilities and demand facilities are determined by the scheduling agents of those facilities; (18) ‘central dispatching model’ means a scheduling and dispatching model where the generation schedules and ...
More Definitions of balancing capacity
balancing capacity means a volume of reserve capacity which a balancing service provider has agreed to hold and in respect to which the balancing service provider has agreed to submit bids for a corresponding volume of balancing energy to the TSO for