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Information Exchange and Balancing service for Traders

In accordance with Article 36 of the Electricity Market Law, balancing is ensured by the transmission system operator. Based on the "Grid Code" the transmission system operator (TSO) concludes the Balancing Agreement, the Balancing Service Agreement and the System Use Agreement.

For this purpose TSO has developed standard forms for these agreements. For  Balancing Agreement and Balancing Service Agreement TSO has developed Standard Terms and Conditions for the Provision of Balancing Service, which are an integral part of the relevant agreement and are approved by the decision of the Board of JSC "Augstsprieguma tīkls" (AST).

Standard forms of the agreements and Standard Terms and Conditions for the Provision of Balancing Service:

Agreement

Parties

Subject

Link

Balancing agreement & Balancing agreement standard terms and conditions (in effect from January 1, 2018) AST and Balance responsible party Provision of balancing services to the balance responsible party
Provision of rights to balance responsible party to provide balancing service to other electricity traders.

Agreement

Standard terms and conditions

System use agreement AST and all electricity traders in Latvia (including those who have signed the Balancing agreement).
Information exchange between transmission system operator and electricity trader.
 
Provision of balancing service during period when the electricity trader does not have avalid  balancing agreement or balancing service agreement.

Agreement

 

Balancing service agreement & Balancing service agreement standard terms and conditions (in effect from January 1, 2018)

Market participant

Provision of balancing services to a market participant (producer, consumer, trader)

Agreement

Standard terms and conditions

The administrative payment for settlement of the imbalance is EUR 355.72 excluding VAT per month.