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Introduction of Financial Settlement Among LFC Areas Cover

Introduction of Financial Settlement Among LFC Areas

Open Access
|Oct 2022

Abstract

Settlement of unintended deviation between scheduled and realized energy exchange among LFC (Load Frequency Control) areas used to be conducted through the energy compensation programs, where energy deviation from period of registration is compensated at a later stage period of compensation of unintended deviation. With the adoption of the Synchronous Area Framework Agreement (SAFA), the Regional Group for Continental Europe the methodology of accounting and financial settlement of unintended deviations FSKAR (Financial settlement kΔf, ACE and ramping period) is defined. The FSKAR methodology defines necessary data for the calculation and determination of unintended deviation. The methodology defines the method of determining settlement prices. The paper describes the methodology of determining settlement prices, the method of data collection and validation, the method of calculation of deviations and other energy and financial quantities, and data exchange between entities.

DOI: https://doi.org/10.2478/bhee-2022-0005 | Journal eISSN: 2566-3151 | Journal ISSN: 2566-3143
Language: English
Page range: 34 - 40
Submitted on: Dec 23, 2021
Accepted on: Jul 5, 2022
Published on: Oct 13, 2022
Published by: Bosnia and Herzegovina National Committee CIGRÉ
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2022 Muris Bakalović, Merim Džizić, Dženeta Erović, Mario Šeremet, published by Bosnia and Herzegovina National Committee CIGRÉ
This work is licensed under the Creative Commons Attribution 4.0 License.