Responsibility for the balance sheet is the obligation for market participants to declare and respect the timetables for the quantities of electricity purchased/sold and consumed and to be financially responsible in the event of an imbalance. The clearing agent works with the settlement subjects in accordance with the current agreement on the settlement of imbalances. The elimination of imbalances is based on data provided by electricity market players to clarify and settle offsets. The countervailing agent assesses the resolution of imbalances for settlement subjects in three quarters of an hour of trading time, with the assistance of the registration of seven days of daily diagrams, as stipulated by market rules. The imbalance compensation agreement is a legal contract that regulates the regulation of electricity imbalance by selling and purchasing the volume of electricity imbalances at the same market price. Schedule 1 of the imbalance settlement agreement has therefore been updated accordingly. If you have any questions about the fees, please contact: Birger Folt (birger.falt@svk.se). The supplier reimburses the TSO for the one-hour delivery fee taking into account the amount of electricity purchased and is financially responsible for its imbalances in the TSO. Clearing energy and balancing power are billed weekly by eSett Oy, which also performs processing. The purchase and sale of electricity for the imbalance compensation scheme is made between the electricity supplier and the transmission system manager (TSO) under the above agreement. Due to the nature of electricity, generators can produce more or less energy than they have sold; Supplier customers can use more or less energy than their supplier purchased on their behalf, and merchants can buy more or less energy than they sold. Under these conditions, these parts of the BSC are considered “unbalanced” and the “energy imbalances” (i.e. the energy produced or consumed and not covered by the contracts) were in fact purchased or sold by or on the national network transmission network.

Two “cash-out” prices, also known as “energy imbalance prices,” are calculated for each half-period of trade and used to address these differences.