Ongoing projects in eSett

Balancing Service Provider (BSP) Model and Independent Aggregator

The Nordic Imbalance Settlement model is undergoing changes with the introduction of a new role called the Balancing Service Provider (BSP), responsible for providing balancing energy or capacity to the Transmission System Operator (TSO). This transition involves splitting the current responsibilities of the Balance Responsible Parties (BRPs) into two roles: BRP for imbalances and BSP for balancing energy and capacity, where Independent Aggregator will be participating. This change is designed to make the electricity market more efficient and competitive, support the integration of renewable energy, and improve overall grid reliability.

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Cash Account Model

eSett is renewing the settlement account model based on customer feedback. The project involves separating the collateral and invoicing accounts into two distinct accounts. This provides greater flexibility and options for customers for managing cash and collateral.

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eSett API

eSett is upgrading its API platform to better support the Nordic electricity market. The current SOAP-based interface and Information Service will be replaced with a RESTful API built on OpenAPI standards, making integration easier, faster, and more secure.

The new REST API is read‑only. Market participants can retrieve data from eSett, but cannot send data to eSett using the API.

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