Balancing group

Balancing group

A balancing group consolidates suppliers and consumers into a virtual group, within which supply (procurement schedules and injection) and demand (delivery schedules and withdrawals) are balanced. It requires both a clearing and settlement agent and a balancing group representative to function.

The clearing and settlement agent is a natural or legal person licensed to operate a clearing and settlement agency. The balancing group representative represents the group in its dealings with other market players.

All market participants are obliged to join a balancing group. They supply power to and procure it from their balancing group. The purpose of a balancing group is to compensate for supply and demand fluctuations.