On this page

 

Quarterly Pricing Reporting

Background of the Report

According to its decision 03/20221 published in February 2022, ACER has amended the methodology for pricing balancing energy and cross-zonal capacity used for the exchange of balancing energy or operating the imbalance netting process in accordance with Article 30(1) of Commission Regulation (EU) 2017/2195 establishing a guideline on electricity balancing (‘Balancing Pricing Methodology’ hereafter)2.

As a main element, article 9(3) of the amended Balancing Pricing Methodology introduces a transitory upper price limit of 15 000 €/MWh and a transitory lower price limit of – 15 000 €/MWh for the first 4 years of the European balancing platforms’ operations, until July 20263. These price limits apply for the TSOs participating in the RR-Platform from 1 July 2022.

Furthermore, article 9(4) of the amended Balancing Pricing Methodology obliges all TSOs to report to ACER and regulatory authorities on quarterly basis on the balancing energy price formation during the transitional period (see above). In particular, all TSOs have to submit the following indicators:

a) monthly average values of used and available cross-zonal capacity for the exchange of balancing energy per each bidding zone border and direction; b) average percentage of both submitted and activated standard balancing energy bids per product and per direction with prices higher (and lower) than 50%, 75%, 90%, 95% and 99% of the upper (and lower) transitional price limit; c) volume weighted average price of the last (most expensive) 5% of the volume of submitted standard balancing energy bids for each European balancing platform per direction and per participating TSO.

In addition, it was agreed with ACER and regulatory authorities to include the analysis of the pricing incidents according to article 9(5) of the amended Balancing Pricing Methodology in the quarterly reports. By the present reports, all TSOs fulfill the obligations according to article 9(4) of the amended Balancing Pricing Methodology.

To increase transparency and as an additional measure identified during discussions on high price mitigation measures, all TSOs will publish the quarterly pricing reports following pricing methodology on the ENTSO-E website.

Quarterly Reports

Contacts

  1. ACER decision 03/2022 Back to reference↥
  2. Amendment of Balancing Pricing Methodology Back to reference↥
  3. If the harmonised maximum clearing price for the single intraday coupling in accordance with Article 54(1) of Commission Regulation (EU) 2015/1222 increases above 9,999 €/MWh, the transitional upper price limit in accordance with subparagraph (a) shall automatically increase by the same amount. In this case, the transitional lower price limit shall be decreased to the same absolute value. Back to reference↥
GET THE MOST POWERFUL NEWSLETTER IN BRUSSELS