This course will teach you about the processes, calculation methods, and timelines for IMB Settlement.
Objectives
After completing this course, you will have an understanding or awareness of:
- The timing and processes for IMB Settlement
- How quantities are calculated
- Unit specific settlement items
- The supplier charging regime
Modules
- 1. Process and Data Input
- 2. Ex-Ante Quantity
- 3. Imbalance Component Payments or Charge
- 4. Administered Imbalance Settlement
- 5. Imperfections Charge
- 6. Residual Error Volume Charge
- 7. Currency Adjustment Charge
- 8. Market Operator Charge
- 9. Testing Charge
- 10. Bid Offer Acceptance Quantities
- 11. Losses
- 12. Premium and Discount Component Payments
- 13. Uninstructed Imbalance Charges
- 14. Instruction Profiling
- 15. Selection of Commercial Offer Data
- 16. Undelivered Quantities
- 17. Biased Quantities
- 18. Non-Firm Quantities
- 19. Curtailment
- 20. Offer/Bid Price Only Undo Actions
- 21. Trade Opposite TSO Quantities
- 22. Fixed Costs Payments or Charges
- 23. Information Imbalance Charges
Once you complete all of these modules, you have finished your self-learning for the Balancing Market Bidding and Data Submission course. Should you have any questions, contact the Query Management Team.
RELEASED 27/09/2017