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Is it required that a company is a Balance Responsible Party in order to submit a bid to Svenska kraftnät?

Yes, this is currently the case. A new role as Balance Service Provider (BSP), will be introduced in the end of 2021, at the earliest. The timeline depends on when the terms and conditions are approved by the Swedish NRA (Energimarknadsinspektionen).

After the BSP role has been implemented, the balance services provider will be responsible for submitting bids to Svenska kraftnät.