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Quantitative Finance · Glossário

O que é Imbalance volume, imbalance price?

Também chamado de: imbalance volume · imbalance price

Definition 6.3 Markets III: Commodities, Energy and Crypto · Capítulo 6 — Power Markets II: Trading

The imbalance volume of a BRP in a settlement period is its metered net injection minus its scheduled net injection: positive when it is long (delivered more than it sold), negative when short. The imbalance price is the price at which the grid operator settles it, derived from the cost of the balancing energy the operator activated in that period.

Exemplos

Example 6.4 (A wind farm’s afternoon)

A wind farm sells 80, 90, 100 and 100 MWh day-ahead for four hours at 62, 58, 55 and 57 EUR/MWh57\,\mathrm{EUR}/\mathrm{MWh}. Before the last hour its forecast falls by 30 MWh and it buys 30 back at 170 EUR/MWh170\,\mathrm{EUR}/\mathrm{MWh} intraday. It meters 82, 88, 101 and 55 MWh; the imbalance prices are 60, 75, 50 and 240 EUR/MWh240\,\mathrm{EUR}/\mathrm{MWh}. Its trading revenue is EUR 16 280 (the day-ahead sales less the buy-back), and its imbalances (+2+2, −2-2, +1+1 and −15-15 MWh) cost it EUR 3 580, nearly all in the last hour, when it was short while the system was short too: EUR 12 700 in all.

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