Imbalance prices (15 min)

Elia publishes imbalance price applied if an imbalance is found between injections and offtakes in a BRP's balance area.

Imbalance price indicator and validated imbalance price

When imbalance prices are published on a quarter-hourly basis, the published prices have not yet been validated and can therefore only be used as an indication of the imbalance price. Only after the published prices have been validated can they be used for invoicing purposes. 


Legend

  • NRV

    Net Regulation Volume

    The net regulation volume is calculated for each quarter-hour by working out the difference between the sum of the volumes of all upward regulations and the sum of the volumes of all downward regulations requested by Elia.

  • SI

    System Imbalance

    The system imbalance is calculated for each quarter-hour by working out the difference between the Area Control Error (ACE) and the NRV

  • α

    Additional incentive applied on top of regulation costs in the event of major system imbalances

  • MIP

    The highest price paid by Elia for upward regulation in the quarter-hour in question

  • MDP

    The lowest price received by Elia for downward regulation in the quarter-hour in question

  • POS

    Rate applicable for a positive imbalance

  • NEG

    Rate applicable for a negative imbalance

  • SR

    Strategic reserve price if the activated strategic reserve volume is greater than 0 MW


Useful links

Contact

Any questions about balancing data?


Please be aware that we use cookies on our website. By continuing to use this website, or by clicking "I accept", you indicate that you have read and agree with our cookie policy. More information about cookiescan be found here.