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BALANCING Agreement. NUMBER GRID Username Page 1 of 27This Balancing Agreement (hereafter the Agreement) is entered into by and between: (1)Balances, S.A., a company incorporated in and under the
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A balancing agreement is a contract that outlines the terms and conditions for balancing energy supply and demand in the electricity market.
Market participants, such as generators and retailers, are required to file balancing agreements.
Balancing agreements can be filled out electronically through the designated platform provided by the energy regulatory authority.
The purpose of balancing agreement is to ensure the stability and reliability of the electricity grid by matching energy production and consumption.
Balancing agreements must include details of energy trades, schedule deviations, and any penalties incurred.
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