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Page 1 of 20 Balance Group Contract Version 2.0 of 01.11.2016Balance Group Contract concerning establishment and management of a balance groupbetweenSwissgrid Ltd Werkstrasse 12, CH5080 Laufenburg

How to fill out balance group contract

How to fill out balance group contract

1. Read the terms and conditions of the balance group contract thoroughly.
2. Gather all the necessary information and documents required for filling out the contract.
3. Contact the relevant energy supplier or distribution system operator to obtain the balance group contract form.
4. Carefully fill out all the required fields in the contract form, including the details of the balance responsible party, the balance group identification, and the agreed terms and conditions.
5. Review the filled-out contract form for any mistakes or missing information.
6. Sign the contract form and ensure all required signatures are obtained from the involved parties.
7. Submit the filled-out and signed contract form to the energy supplier or distribution system operator.
8. Keep a copy of the contract for reference and future updates or modifications.

Who needs balance group contract?

1. Energy companies or suppliers who participate in energy trading and balancing activities.
2. Industrial and commercial facilities that consume a significant amount of energy and need to effectively manage their energy consumption and grid balancing obligations.
3. Renewable energy producers who are connected to the grid and need to maintain balance between their energy production and consumption.
4. Grid operators or distribution system operators who need to monitor and manage the balance between energy supply and demand within their networks.
5. Energy market regulators and authorities who oversee the functioning and compliance of the energy market and grid operations.
6. Entities involved in energy trading and settlement activities who need to establish legal and financial obligations related to balanced energy supply and consumption.

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What is balance group contract?

Balance group contract is an agreement between parties to coordinate the balancing of electricity production and consumption within a specific grid area.

Who is required to file balance group contract?

Electricity producers, consumers, and traders are required to file balance group contracts.

How to fill out balance group contract?

Balance group contracts can be filled out electronically through the designated platform provided by the grid operator.

What is the purpose of balance group contract?

The purpose of balance group contract is to ensure that the electricity production and consumption within a specific grid area are balanced effectively.

What information must be reported on balance group contract?

Information such as the parties involved, allocated energy volumes, scheduling details, and financial arrangements must be reported on balance group contracts.