The Balance Responsible Party, Balance Subgroup Responsible Party or a person entering the Balance Scheme shall be obliged to inform the Market Operator of the conclusion of the compensation agreement which forms the basis for the inclusion of the hierarchically inferior Balance Group or Subgroup Members into the Balance Scheme, and shall be obliged to submit a statement regarding the conclusion of a compensation agreement and a request for inclusion into the Balance Scheme.

A compensation agreement shall include the following mandatory elements as stipulated in Article 22 of the Rules on the operation of the electricity market (Official Gazette of the RS, no. 163/22):

• date of entry into force of the compensation agreement, including the provision that determines that the agreement in question shall become effective no earlier than on the day of the entry of the essential elements into the Record of Balance Scheme membership agreement;
• the date of expiry of the compensation agreement or a provision of its indefinite-time validity;
• provisions for reasons of cancellation with a notice period which shall meet all the conditions concerning the enforcement day under Article 41 of these Rules;
• a clause stipulating that a Balance Scheme member wishes to include a hierarchically inferior Balance Scheme member into its own Balance Group or Subgroup as the responsible party of the hierarchically inferior Balance Subgroup;
• a clause stipulating that the balance of the Balance Subgroup of the hierarchically inferior Balance Scheme member is settled through the balance of the Balance Group or Subgroup of the hierarchically superior Balance Scheme member.

The excerpt from the court or similar register for the balance subgroup responsible party, from which it is evident that the signatory of an agreement is authorised for representing the balance subgroup responsible partyor the authorisation to the signatory of this agreement, must also be enclosed.