Incentive Component 2009
The incentive component is the component of the imbalance price that is intended to encourage market parties to actually keep to bids of regulating and reserve capacity used by TenneT to maintain and restore the balance, and as an incentive to minimise the imbalance to be settled.
The System Code contains stipulations about the incentive component.
The objective factors based on which TenneT will adjust the height of the incentive component have been laid down in the report on the imbalance pricing system as at 1 January 2001, which was revised on 26 October 2005. You can download this document as a PDF-file at the bottom of this webpage (only available in Dutch).
The System Code stipulates that the height of the incentive component must be published.
Explanation
The incentive component will be increased if at least one of the following criteria is not met:
- the number of inadvertent exchanges over five minutes that, converted to MW, are greater than 300 MW and less than -/- 300 MW, is less than 40;
- the weekly average of inadvertent exchanges over five minutes, converted to MW, is greater than -/- 20 MW and less than 20 MW.
*The number of exchanges greater than 300 MW is 41. As some of these exchanges can be attributed to the recent failure of the NorNed cable, the incentive component will not be raised.
**The results of the observations are affected by an administrative controversy between TSO's; should this have resulted in actually exceeding one of the criteria, the incentive component would not have been raised.
week | results of the observations | incentive | commencing date | results | |
exchanges | average of | ||||
| 04-01-2010 upto/including 10-01-2010 | 20 | 15,3 | unchanged | 13-01-2010 | 0 |
| 28-12-2009 upto/including 03-01-2010 | 24 | 6,7 | unchanged | 06-01-2010 | 0 |
| 21-12-2009 upto/including 27-12-2009 | 18 | 14,5 | unchanged | 30-12-2009 | 0 |
| 14-12-2009 upto/including 20-12-2009 | 15 | 12,7 | unchanged | 23-12-2009 | 0 |
| 07-12-2009 upto/including 13-12-2009 | 11 | 4,9 | unchanged | 16-12-2009 | 0 |
| 30-11-2009 upto/including 06-12-2009 | 14 | 4,4 | unchanged | 09-12-2009 | 0 |
| 23-11-2009 upto/including 29-11-2009 | 29 | 6,6 | unchanged | 02-12-2009 | 0 |
| 16-11-2009 upto/including 22-11-2009 | 17 | -1,5 | unchanged | 25-11-2009 | 0 |
| 09-11-2009 upto/including 15-11-2009 | 18 | 0,9 | unchanged | 18-11-2009 | 0 |
| 02-11-2009 upto/including 08-11-2009 | 5 | -1,1 | unchanged | 11-11-2009 | 0 |
| 26-10-2009 upto/including 01-11-2009 | 3 | 0,0 | unchanged | 04-11-2009 | 0 |
| 19-10-2009 upto/including 25-10-2009 | 24 | 6,8 | unchanged | 28-10-2009 | 0 |
| 12-10-2009 upto/including 18-10-2009 | 9 | -3,6 | unchanged | 21-10-2009 | 0 |
| 05-10-2009 upto/including 11-10-2009 | 17 | 8,1 | unchanged | 14-10-2009 | 0 |
| 28-09-2009 upto/including 04-10-2009 | 12 | -1,4 | unchanged | 07-10-2009 | 0 |
| 21-09-2009 upto/including 27-09-2009 | 13 | 1,9 | unchanged | 30-09-2009 | 0 |
| 14-09-2009 upto/including 20-09-2009 | 15 | -1,5 | unchanged | 23-09-2009 | 0 |
| 07-09-2009 upto/including 13-09-2009 | 24 | 2,0 | unchanged | 16-09-2009 | 0 |
| 31-08-2009 upto/including 06-09-2009 | 15 | 0,5 | unchanged | 09-09-2009 | 0 |
| 24-08-2009 upto/including 30-08-2009 | 24 | 4,6 | unchanged | 02-09-2009 | 0 |
| 17-08-2009 upto/including 23-08-2009 | 35 | -0,1 | unchanged | 26-08-2009 | 0 |
| 10-08-2009 upto/including 16-08-2009 | 3 | 0,6 | unchanged | 19-08-2009 | 0 |
| 03-08-2009 upto/including 09-08-2009 | 8 | 7,5 | unchanged | 12-08-2009 | 0 |
| 27-07-2009 upto/including 02-08-2009 | 15 | 12,9 | unchanged | 05-08-2009 | 0 |
| 20-07-2009 upto/including 26-07-2009 | 9 | 11,5 | unchanged | 29-07-2009 | 0 |
| 13-07-2009 upto/including 19-07-2009 | 5 | 4,0 | unchanged | 22-07-2009 | 0 |
| 06-07-2009 upto/including 12-07-2009 | 8 | -0,9 | unchanged | 15-07-2009 | 0 |
| 29-06-2009 upto/including 05-07-2009 | 19 | 1,2 | unchanged | 08-07-2009 | 0 |
| 22-06-2009 upto/including 28-06-2009 | 8 | 3.3 | unchanged | 01-07-2009 | 0 |
| 15-06-2009 upto/including 21-06-2009 | 2 | -1,8 | unchanged | 24-06-2009 | 0 |
| 08-06-2009 upto/including 14-06-2009 | 7 | -7,6 | unchanged | 17-06-2009 | 0 |
| 01-06-2009 upto/including 07-06-2009** | 28 | -13,6 | unchanged | 10-06-2009 | 0 |
| 25-05-2009 upto/including 31-05-2009 | 10 | -0,5 | unchanged | 03-06-2009 | 0 |
| 18-05-2009 upto/including 24-05-2009 | 9 | -1,9 | unchanged | 27-05-2009 | 0 |
| 11-05-2009 upto/including 17-05-2009 | 30 | 8,5 | unchanged | 20-05-2009 | 0 |
| 04-05-2009 upto/including 10-05-2009 | 9 | 1,0 | unchanged | 13-05-2009 | 0 |
| 27-04-2009 upto/including 03-05-2009 | 7 | -1,0 | unchanged | 06-05-2009 | 0 |
| 20-04-2009 upto/including 26-04-2009 | 6 | -0,1 | unchanged | 29-04-2009 | 0 |
| 13-04-2009 upto/including 19-04-2009 | 12 | 1,1 | unchanged | 22-04-2009 | 0 |
| 06-04-2009 upto/including 12-04-2009 | 24 | 3,5 | unchanged | 15-04-2009 | 0 |
| 30-03-2009 upto/including 05-04-2009 | 35 | 1,3 | unchanged | 08-04-2009 | 0 |
| 23-03-2009 upto/including 29-03-2009 | 38 | 1,3 | unchanged | 01-04-2009 | 0 |
| 16-03-2009 upto/including 22-03-2009 | 22 | 0,3 | unchanged | 25-03-2009 | 0 |
| 09-03-2009 upto/including 15-03-2009 | 20 | -11,3 | unchanged | 18-03-2009 | 0 |
| 02-03-2009 upto/including 08-03-2009 | 36 | -0,3 | unchanged | 11-03-2009 | 0 |
| 23-02-2009 upto/including 01-03-2009 | 26 | 1,7 | unchanged | 04-03-2009 | 0 |
| 16-02-2009 upto/including 22-02-2009 | 34 | -3,8 | changed | 25-02-2009 | 0 |
| 09-02-2009 upto/including 15-02-2009 | 37 | -0,5 | changed | 18-02-2009 | 2 |
| 02-02-2009 upto/including 08-02-2009* | 41 | 1,9 | changed | 11-02-2009 | 4 |
| 26-01-2009 upto/including 01-02-2009 | 24 | -0,6 | unchanged | 04-02-2009 | 5 |
| 19-01-2009 upto/including 25-01-2009 | 44 | 1,3 | changed | 28-01-2009 | 5 |
| 12-01-2009 upto/including 18-01-2009 | 42 | -0,7 | changed | 21-01-2009 | 3 |
| 05-01-2009 upto/including 11-01-2009 | 48 | 5,6 | changed | 14-01-2009 | 1 |
| 29-12-2008 upto/including 04-01-2009 | 11 | 2,8 | unchanged | 07-01-2009 | 0 |
Downloads
The Imbalance Pricing System (pdf 253,78 Kb)