Brussels, 15 November 2017 | In a number of EU Member States/EEA countries, certain functions related to the operation of the electricity market, which are necessary for the electricity market to work efficiently, are carried out by non-TSO Third Parties rather than by TSOs. These Third Parties, hereafter called Third Party Market Operators/Facilitators, and the vital roles they play, are recognised in the European Network Codes and Guidelines.
The tasks performed by these Third Parties include, among others, imbalance calculation and settlement, data publication related to electricity balancing markets and issuing of the rules related to balancing markets. These tasks underpin the electricity market and represent the link between the physical exchange of electricity among market members and the financial outcomes.
Please read the full position paper below.