Open supplier definition
Examples of Open supplier in a sentence
In order to participate in the mFRR energy and mFRR capacity Markets and the com- petitive tendering of mFRR capacity Agreements, a Balancing Service Provider must be an owner of a Reserve Resource, the owner’s authorised representative, or act either as an Open supplier or a Balance Responsible Party for the Reserve Resource.
Open supplier means an electricity supplier that supplies its customer with all the electricity it needs, or an electricity supplier that balances the difference between the customer's electricity production and procurement and electricity use and supply by supplying the missing amount of electricity or receiving a surplus during each imbal- ance settlement period.
If the Balancing Service Provider is not the Open supplier or the Balance Responsible Party for the Reserve Resource, the Balancing Service Provider acts as a Contractual Balancing Service Provider and the following shall apply: • The Balancing Service Provider or the owner of the Reserve Resource must make an agreement with the Reserve Resource’s Balance Responsible Party and Open Supplier on the use of the Reserve Resource in accordance with the Balancing market agreement.