Nordic Balancing Philosophy
The Nordic transmission system operators (TSOs) have updated the Nordic balancing philosophy to outline the principles and strategy behind the current rules and procedures for the balancing process.
The purpose of the report is to ensure a common understanding among the Nordic TSOs of the current principles and framework in the balancing process, which will promote the daily operational TSO work. Additionally, the report serves as a basis for related ongoing and foreseen system operation development work.
An evaluation of the principles is needed with regards to the new Nordic balancing model (NBM). This will lead to adjustments to the current balancing philosophy. A revised report including NBM methodologies and NBM developments is planned for the autumn 2023.