General information about the daily financial settlement of network balancing accounts


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With effect from 1 October 2016, the reporting, disclosure and settlement rules prescribed by the monthly settlement of imbalances in network operators' network balancing accounts  by a regime which involves the daily financial settlement of imbalances in network operators' network balancing accounts ( Netzkontenabrechnung).

The new rules were introduced to achieve the following objectives: to improve the quality of allocations that are calculated based on standard load profiles, to reduce imbalances in network operators' network balancing accounts, primarily by improving data quality and making data transfers more reliable, to reduce the need for system balancing actions.

For further information on the daily financial settlement of network balancing accounts, please refer to the so-called Cooperation Agreement (Kooperationsvereinbarung) and the best practice guideline on gas balancing group management published by the energy industry associations BDEW/VKU/GEODE (“Leitfaden Marktprozesse Bilanzkreismanagement Gas”).

Contact

Market
T + 49 (0) 2102 59796 780

E market@net-connect-germany.com

Balancing group management
T + 49 (0) 2102 59796 779
E bilanzkreismanagement@net-connect-germany.com