The Balancing Submission Guideline is intended to provide guidance to Market Participants on the ERA’s current approach to monitoring compliance with Market Rule 7A.2.17. It also provides guidance on which costs the ERA considers may form part of a Market Participant’s Short Run Marginal Cost when making price and quantity offers into the Balancing Market to supply electricity for each 30 minute Trading Interval.
The ERA published a draft guideline on 3 January 2018. The submission period closed on 26 February 2018. The ERA received eight submissions.
The final balancing submission guideline and corresponding decision was published on 22 February 2019.