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Balance group

A balance group is an organized group of electricity market participants (such as producers, consumers, and other production or delivery points), for which a single responsible settlement entity assumes responsibility for deviations between planned and actual electricity consumption or production.

The role of the settlement entity is to compensate for these deviations by buying or selling electricity on short-term markets and to ensure their financial settlement within the entire group. The aim of balance groups is to optimize consumption and production and to minimize imbalance penalties.