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
View the Priority Map

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