In a number of EU / EEA Member States, Energy Community Contracting Parties and Great Britain, certain essential functions related to the operation of the balancing market are carried out by third parties rather than by the Transmission System Operators (TSOs). These “delegated operators” are recognised in the EU Electricity Regulation (EU 2019/943), the Electricity Balancing Guideline (EU 2017/2195) and the Network Code on Electricity Emergency and Restoration (2017/2196).
The tasks performed by delegated operators include, among others, imbalance calculation and settlement, data publication related to electricity balancing markets and issuing of the rules related to balancing markets and imbalance settlement. These tasks are essential for the electricity market to work efficiently and represent the link between the physical exchange of electricity and the financial outcomes.
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