Balancing production and consumption of electricity is essential in order to uphold the power system and deliver electricity to all consumers. Nordic power grids are coupled and Nordics have a long history of cooperation for balancing. The Nordic power system is transforming with more unregulated production like wind and solar and increased cross-border exchange.
Markets get a finer granularity and more trade is taking place closer to the operational hour. To meet these changes, the Nordic TSOs are developing the Nordic balancing of tomorrow in the joint program Nordic Balancing Model (NBM).
Through automation and new markets, we will facilitate the energy transition, enhance the socioeconomic benefits from our common Nordic market and have a safe connection to the new European platforms for exchange of balancing power. The implementation of NBM depends upon close cooperation with stakeholders and approvals by national regulatory authorities (NRAs).
This short film gives you an explanation about the significant change.
Updated version, November 2021: Implementation guide mFRR EAM Please find the latest version of the “Implementation guide mFRR Energy Activation Market – BSP” and schedule for reserve bid market. Contact …
Single price-single position implemented on 1 November in the Nordic countries The single price-single position will enable balance responsible parties and other market parties to handle their imbalances more efficiently. “The production and consumption imbalances …
TSO consultations of derogation application for European platforms The Nordic TSO’s will apply for derogation for accession to the European platforms for balancing energy, MARI and PICASSO. The derogation process …
