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Quantitative Finance · Begrippenlijst

Wat is Balancing group, schedule nomination?

Ook bekend als: balancing group · schedule nomination

Definition 13.4 Markets III: Commodities, Energy and Crypto · Hoofdstuk 13 — Getting Access: Commodities and Power

A balancing group is a virtual account with a transmission system operator that aggregates a set of injection and withdrawal points and the group’s trades with other groups, and whose net position the operator settles as the group’s imbalance; its balancing responsible party (Chapter 6) signs the contract. A schedule nomination is the group’s declaration to the operator, before a deadline, of its planned injections, withdrawals and trades with other groups for each market time unit.

Nominations: each group declares its trades with other groups per market time unit, and the operator matches them; a trade one side nominates and the other does not is a mismatch to be resolved before the deadline. Schematic.
Figure 13.1. Nominations: each group declares its trades with other groups per market time unit, and the operator matches them; a trade one side nominates and the other does not is a mismatch to be resolved before the deadline. Schematic.
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