Video: Introduction to the Balancing Mechanism (Elexon)
- Context: Elexon is the body that manages the “Settlement” (the math of who paid what).
- Why it matters: It explains “Bids” (paying to increase demand/decrease generation) and “Offers” (being paid to decrease demand/increase generation).

BMU’s buying from Elexon.

Elexon

settlements: code signed up to, for self balancing, cost for long and short, then redistrubted. balancing cost by NSO.

difference amount bought and used.

entrance into market: registration and qualitvcation, exi

Elexon is regulator.

Accounting for all enery

Contracts for difference

energy assets types Aggregated EV’s

Registration of energy providers i.e. a EV

CVA -central value allocation : SVA

net zero: complexity due to smaller plaayers in market, rooftop solar ect

algorithims to handle imbalance

CRisis management - cold snap ect..

Data Archive