Flexibility Service Provider definition

Flexibility Service Provider or “FSP” an entity providing energy services to the Company;
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Flexibility Service Provider. (FSP) means a legal entity which owns or has rights to operate Flexible Service Unit(s) consisting of Flexible Service Asset(s)
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Flexibility Service Provider or “FSP”: as defined in Article 2, paragraph 64 of the Electricity Act. If the FSP provides Balancing Services, it acts as Balancing Service Provider as defined in Article 2 (6) of Commission Regulation (EU) 2017/2195 of 23 November 2017 establishing a guideline on electricity balancing;
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Examples of Flexibility Service Provider in a sentence

  • In case of an activation of demand flexibility by a Flexibility Service Provider, the following rules apply with regard to ARP's Balancing Perimeter.

  • These rules are based on the principles relating to the correction of the Balancing Perimeter as described in section 12 of the Transfer of Energy rules: o If ARP is not associated with this Flexibility Service Provider, its Balancing Perimeter is corrected on a monthly basis for the Delivered Volume of flexibility, aggregated at the level of the Balancing Perimeter and aggregated on a quarter-hourly basis.

  • An Imbalance can also occur in ARP's Balancing Perimeter in its role as Access Responsible Party associated with a Flexibility Service Provider.

  • In this way, the quarter-hourly difference between the Delivered Volume and the Ordered Volume of flexibility is allocated to the Balancing Perimeter of the ARP associated with the Flexibility Service Provider to which the imbalance tariff is applied.

  • The said fault being one, which under similar circumstances, an experienced professional DA/ID Flexibility Service Provider or TSO, respectively, acting according to the rules and taking all reasonable precautions would in no case have committed.