This course will teach you about the inputs, process and outputs for Imbalance Pricing.
Objectives
After completing this course, you will have an understanding or awareness of:
- The inputs, process and outputs of the Imbalance Pricing process
- The application of the flagging and tagging methodologies
- The application of Administered Scarcity Pricing
- Calculating the Imbalance price and the Imbalance Settlement Price
Modules
- 1. Introduction
- 2. Inputs, Process, Outputs
- 3. Determining and Ranking Bid Offer Acceptances
- 4. System Operator Flagging
- 5. Non-Marginal Flagging
- 6. Marginal Energy Action Price
- 7. Net Imbalance Volume Tagging
- 8. Price Average Reference Tagging
- 9. Final Imbalance Price Calculation
- 10.Administered Scarcity Pricing
- 11. Market Back Up Price and Curtailment Price
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 12/09/2017