Processing of energy Clause Examples
Processing of energy.ÌýBalance Trade creates a delivery of energy between Fingrid and the balance respon- sible party of the Reserve Unit. The volume of energy generated from this in each imbalance settlement period is calculated as the product of the ordered balancing power and the operating time. Balance Trades affect the balance of the balance responsible party of the Reserve Unit, and the Balancing Energies thereby created are automatically taken into ac- count in the imbalance settlement of the balance responsible party of the Reserve Unit. Fingrid or its service provider reports the preliminary volume of the Balancing Energy to the balance responsible party after the operating hour and the final infor- mation no later than within 13 days.
Processing of energy.ÌýBalance Trade creates a delivery of energy between Fingrid and the balance respon- sible party of the Reserve Unit. The hourly energy generated from this is calculated as the product of the ordered balancing power and the operating time. Balance Trades affect the balance of the balance responsible party of the Reserve Unit, and the Balancing Energies thereby created are automatically taken into ac- count in the imbalance settlement of the balance responsible party of the Reserve Unit. Fingrid or its service provider reports the preliminary volume of the Balancing Energy to the balance responsible party after the operating hour and the final infor- mation no later than within 13 days.
12.1 Energy Fee on the Balancing Energy Markets When Fingrid orders an up-regulation from a Balancing Service Provider on the Bal- ancing Energy Market, Fingrid pays the Balancing Service Provider an Energy Fee that corresponds to the purchased Balancing Energy. The Energy Fee is calculated by multiplying each hour of the amount of energy ordered from the Balancing Service Provider by the up-regulation price of the hour. The up-regulation price is the price of the most expensive up-regulation bid ordered (margin price); however, at least the price for the bidding zone of Finland in the Day-Ahead Market during the hour in question. When Fingrid orders a down-regulation from a Balancing Service Provider on the Balancing Energy Market, Fingrid charges the Balancing Service Provider an Energy Fee that corresponds to the Balancing Energy sold by Fingrid. The Energy Fee is calculated by multiplying each hour of the amount of energy delivered by Fingrid by the down-regulation price of the hour. The down-regulation price is the price of the cheapest down-regulation bid ordered (margin price), which can be no more than the price for the bidding zone of Finland in the Day-Ahead Market during the hour in question. Any Special Regulation is priced in accordance with the Balancing Bid (Pay-as-Bid principle). However, the price for an up-regulation bid that is used for special regula- tion purposes is at least the same as the up-regulation price of the hour. Similarly, the price for a down-regulation bid that is used for special regulation purposes, does not exceed the down-regulation price of the hour. A Balancing Bid used for Special Regulation does not set the price of balancing power. The Energy Fee for a Balance Capacity Bid is determined the same way as in an order for any other Balan...