FCR definition
Examples of FCR in a sentence
If a Balancing Service Provider is not the balance responsible party of the Reserve Resource, the Balancing Service Provider shall inform the balance responsible party of the Reserve Resource of the balancing use of the Reserve Resource no later than when an FCR Agreement has been concluded.
Yearly Market Appendix refers to an appendix to the FCR agreement specifying the hourly market capacity of each Balancing Service Provider for the specific calendar year and the Yearly Market Price per reserve product applying to all Balancing Ser- vice Providers in the specific calendar year.
If a Balancing Service Provider has approved capacity for the FCR Yearly Market, the Balancing Service Provider shall submit to Fingrid an hourly reserve plan con- cerning the reserve capacities in the hours of the following day in the CET/CEST time zone.
Pursuant to SOGL Article 155, the Balancing Service Provider must demonstrate that the Reserve Unit reported as a reserve complies with the required control capacity by means of prequalification tests laid down in the document, Verification and Prequalification Process for the Technical Requirements of Frequency Containment Reserves (FCR) published by Fingrid.
The plans shall be submitted in accordance with Fingrid’s guideline, Fingrid’s 3 If a Balancing Service Provider so wishes, it can allocate only some of its Reserve Units to the FCR Yearly Market, in which case the Balancing Service Provider can only use such Reserve Units in the FCR Yearly Market (the portfolio model).