Summary of Baltic TSOs launched public consultation on the Baltic balancing market elements
The Baltic transmission system operators Elering AS, AS “Augstsprieguma tīkls” and “LITGRID” AB launched the public consultation “Baltic CoBA development elements” which lasted from June 27th until August 15th 2016. The objective of the consultation was to gather feedback from interested Baltic electricity market participants and stakeholders about the preliminary view on Baltic imbalance settlement harmonisation and Baltic mFRR standard product for balancing proposed by the Baltic TSOs.
As an outcome from public consultation, each Baltic TSO will publish the standard terms and conditions for BSPs in accordance with national regulations with target to implement the updated Baltic mFRR standard product for balancing starting from 1st of November 2016.
The proposed Baltic harmonised imbalance model will be re-analysed by Baltic TSOs and new solution will be proposed by the end of 2016, taking into account the given feedback, the requirements of GL EB and Nordic market setting. By the 4th quarter of 2017 each TSO shall also publish the standard terms and conditions for BRPs approved by their national regulatory authority and the new model is planned to become effective from January 1, 2018.
Baltic TSOs would like to thank all the stakeholders who responded on invitation to participate in the public consultation. Baltic TSOs has received 15 response letters. The detailed stakeholders feedback and Baltic TSOs responses on the Baltic mFRR standard product with updated Baltic mFRR standard product and on the Baltic harmonised imbalance settlement model can be found below.