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Settlement price of deviation

The imbalance settlement price is the price at which the transmission system operator (TSO, SEPS) procures regulating energy, and on the basis of which the short-term electricity market operator (OKTE) settles the profits and losses resulting from differences between the scheduled and actual electricity supply or consumption of imbalance settlement participants within the electricity system. This mechanism ensures that market participants (e.g. electricity producers and suppliers) are financially incentivized to plan accurately and meet their contractual commitments.

The imbalance settlement price is determined based on current market conditions and can vary for positive and negative deviations:

Positive deviation: Occurs when the supply of electricity is higher than planned or when consumption is lower than planned. The settlement price for a positive deviation is often lower because it represents a surplus of electricity in the grid.
Negative deviation: Occurs when the supply of electricity is lower than planned or when consumption is higher than planned. The settlement price for a negative deviation is usually higher because it represents a shortage of electricity in the grid.

The imbalance settlement price is a crucial tool for maintaining balance in the electricity system and ensuring the reliability and stability of electricity supplies.