On Balancing market

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On Balancing market

easwar1977
Dear all,

  This query is related to the balancing market.
  a) In Figure 9 of 2018 specification, there are some balancing orders. Does this list of balancing orders also include the orders that are created by the Balance Manager, on behalf of a broker, for customers with curtailment and curtailment rates ? Or does it involve only balancing orders placed explicitly by the brokers ?

  b) This is a very broad question.  What kind of role a broker is supposed to play in the balancing market, if the general intent is to make sure brokers balance their portofolio well (within retail and wholesale market) ?

Regards,
Easwar
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Re: On Balancing market

grampajohn
Administrator
easwar1977 wrote
Dear all,

  This query is related to the balancing market.
  a) In Figure 9 of 2018 specification, there are some balancing orders. Does this list of balancing orders also include the orders that are created by the Balance Manager, on behalf of a broker, for customers with curtailment and curtailment rates ? Or does it involve only balancing orders placed explicitly by the brokers ?
Brokers who offer INTERRUPTIBLE_CONSUMPTION tariffs can issue BalancingOrders against those tariffs. Only the up-regulation price applies in this case, because down-regulation cannot be provided by simple curtailment. If a broker offers a STORAGE tariff (or a subclass of STORAGE, like ELECTRIC_VEHICLE), it may (it should, otherwise what's the point?) include a RegulationRate. The RegulationRate includes prices for up-regulation and down-regulation. When the TariffMarket sees a tariff with a RegulationRate, it hands it off to the Balancing Market which constructs a BalancingOrder with the price values provided in the rate. Once submitted, a BalancingOrder remains in effect until it's superseded.  Note that although the javadoc says that a tariff can include two RegulationRates, one "fast" and one "slow", the current server ignores RegulationRates with ResponseTime=SECONDS.
  b) This is a very broad question.  What kind of role a broker is supposed to play in the balancing market, if the general intent is to make sure brokers balance their portofolio well (within retail and wholesale market) ?
There are only two relevant interactions between a broker and the Balancing Market. The first is passive; the broker is charged (or credited in some cases) for its imbalance in each timeslot. The second is that the broker's BalancingOrders may clear the market, in which case the broker will receive BalancingControlEvent notifications.

Does this help?

John
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Re: On Balancing market

easwar1977
Thanks for the reply John. However, my question  was more like under what situations a broker might want to place a balancing order ?

a) Suppose a broker is surplus or deficit in energy, is she allowed to sit tight and not place any appropriate balancing order and hope that BM will take care of things ?  


Easwar