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Recording of Contracts

Recording of contracts and operational forecasts represent the basis for drawing up Balance Scheme Members’ market plans, which are used for drawing up an indicative operating schedule of the Transmission System Operator and, later, for calculating the imbalance settlement.

The Energy Act – the Act amending the Energy Act (Official Gazette of the RS, No. 70/2008) stipulates in Article 25b that every closed contract must be recorded to the Market Operator. Balance Scheme Members are obliged to report all closed contracts concluded among Balance Scheme Members, all closed contracts for export and import and all concluded transactions on the exchange. On the basis of the quantities of bought and sold electricity in recorded closed contracts, the Market Operator calculates a market plan for Balance Scheme Members.

Balance Scheme Members are also required to report daily operational forecasts for supply and consumption for the delivery points that belong to their Balance Group. Balancing affiliation of the delivery points are laid down in open contracts concluded among suppliers and consumers or generators of electricity.

Reporting closed contracts and operational forecasts is performed daily with the assistance of an online application for reporting closed contracts and operational forecasts, to which access is available to Balance Responsible Parties who create reports for their hierarchically inferior members as well.

 The deadline for recording of closed contracts and operational forecasts

The deadline for recording of closed contracts and operational forecasts

Closed contracts and operational forecasts must be recorded until 14:30 (15:30* / 16:00*) every day for the next day.

Closed contracts concluded after the deadline for recording and changes of already recorded closed contracts must be recorded not later than two days after the delivery day until 10:00.
Application closure for recording of closed contracts and operational forecasts

Recording of closed contracts and operational forecast is not possible from 14:30 (15:30*/16:00*) until 16:30.

* Recording deadlines in case of multilateral IBWT or bilateral decoupling 


In case of errors leading to postponement of results publication or decoupling, the current schedule for contract recording would be breached. In case of such occurrence the market operator (Borzen) will notify all balance scheme members via the scheduling application and allow scheduling to take place as outlined below.

FIRST POSTPONEMENT IN CASE OF MULTILATERAL IBWT DECOUPLING:
The deadline for recording is moved from 14:30 to 15:30. The application gate closure is moved to the period from 15:30 to 16:30. The market operator notifies all balance scheme members via the scheduling application.

SECOND POSTPONEMENT IN CASE OF IBWT DECOUPLING FOLLOWED BY BILATERAL DECOUPLING:
The deadline is further extended to 16:00. The application gate closure is moved to the period from 16:00 to 16:30. The market operator notifies all balance scheme members via the scheduling application.

 

 

Contacts

E-mail: recording@borzen.si
Telephone: +386 1 620 7635