Ongoing projects in eSett
Capacity Settlement in Norway
Statnett will transfer the settlement of mFRR and mFRR-D balancing capacity procured in Norway to eSett. For more information about the project and the go-live visit our project place.
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15 min Imbalance Settlement Period
The Nordic Transmission System Operators have decided to switch from 1 hour to 15 minutes imbalance settlement period. The transition is separated into multiple phases. The go-live date for the 15-minute imbalance settlement period (ISP) in eSett was on Monday May 22, 2023 at 00.00 CET.
Related steps regarding 15 min Imbalance prices and 15 min cross-border trading will take place in the Nordic electricity market on March 18th, 2025.
Nordic mFRR EAM
mFRR Energy activation market (mFRR EAM) will automate bid selection and activation on a 15-minute basis, replacing the current hourly-based regulation power market. The mFRR EAM is a central component of the Nordic Balancing Model (NBM), which is crucial for maintaining the balance between electricity production and consumption, as well as ensuring the stability of the power system.
The project will affect the energy activation process which has an impact on the reporting of the balance activations from Transmission System Operators (TSOs) to eSett resulting the changes also in eSett reporting to market participants.
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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.
The introduction of the Independent Aggregator in the Nordic Imbalance Settlement model aims to improve the efficiency, competition, and reliability of the electricity market while enabling the integration of renewable energy sources and ensuring grid stability.
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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PICASSO
PICASSO (The Platform for the International Coordination of Automated Frequency Restoration and Stable System Operation) is the project to establish a common European energy activation market for aFRR-energy. eSett will handle the settlement and invoicing of aFRR energy activations for the relevant market participants. As a basis for the settlement, eSett receives information of the aFRR energy activations from the TSOs.
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Changes in Data Flow Contents
eSett will implement several changes to the data flows gradually over the course of 2024 and 2025. While these changes may seem relatively minor, it is crucial for you to familiarize yourself with them and evaluate their impact on your systems. These modifications will eventually affect the communication of data flows both from market participants to eSett and vice versa.
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