Incentive component 2015

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 per week, 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.

*Explanation of the incentive component for the period of July 27 up to/including the 2nd August 2015.
The calculation shows that the average exchange is -21,9 MW. Since a significant part of this is due to a measurement deviation within the national LFC, the incentive component is not increased.

week results of the observations incentive component commencing date results EUR/MWh
exchanges greater than 300 MW average of exchanges (MW)
12/28/2015 upto/including 01/03/2016 28 -13.5 unchanged 01/06/2016 0
12/21/2015 upto/including 12/27/2015 20 -10.4 unchanged 12/30/2015 0
12/14/2015 upto/including 12/20/2015 29 -7.1 unchanged 12/23/2015 0
12/07/2015 upto/including 12/13/2015 31 -6.9 unchanged 12/16/2015 0
11/30/2015 upto/including 12/06/2015 36 -0.3 unchanged 12/09/2015 0
11/23/2015 upto/including 11/29/2015 22 -7.8 unchanged 12/02/2015 0
11/16/2015 upto/including 11/22/2015 12 2.2 unchanged 11/25/2015 0
11/09/2015 upto/including 11/15/2015 10 -5.9 unchanged 11/18/2015 0
11/02/2015 upto/including 11/08/2015 11 -2.8 unchanged 11/11/2015 0
10/26/2015 upto/including 11/01/2015 17 -9.1 unchanged 11/04/2015 0
10/19/2015 upto/including 10/25/2015 27 2.4 unchanged 10/28/2015 0
10/12/2015 upto/including 10/18/2015 12 5.7 unchanged 10/21/2015 0
10/05/2015 upto/including 10/11/2015 10 -2.2 unchanged 10/14/2015 0
09/28/2015 upto/including 10/04/2015 10 -8.7 unchanged 10/07/2015 0
09/21/2015 upto/including 09/27/2015 11 0.6 unchanged 09/30/2015 0
09/14/2015 upto/including 09/20/2015 20 -0.5 unchanged 09/23/2015 0
09/07/2015 upto/including 09/13/2015 23 -9.0 unchanged 09/16/2015 0
08/31/2015 upto/including 09/06/2015 16 -1.2 unchanged 09/09/2015 0
08/24/2015 upto/including 08/30/2015 20 -1.4 unchanged 09/02/2015 0
08/17/2015 upto/including 08/23/2015 10 -7.9 unchanged 08/26/2015 0
08/10/2015 upto/including 08/16/2015 6 -6.6 unchanged 08/19/2015 0
08/03/2015 upto/including 08/09/2015 5 -7.1 unchanged 08/12/2015 0
07/27/2015 upto/including 08/02/2015* 13 -21.9 unchanged 08/05/2015 0
07/20/2015 upto/including 07/26/2015 6 -13.3 unchanged 07/29/2015 0
07/13/2015 upto/including 07/19/2015 7 -11.5 unchanged 07/22/2015 0
07/06/2015 upto/including 07/12/2015 13 -10.1 unchanged 07/15/2015 0
06/29/2015 upto/including 07/05/2015 22 5.0 unchanged 07/08/2015 0
06/22/2015 upto/including 06/28/2015 9 -6.3 unchanged 07/01/2015 0
06/15/2015 upto/including 06/21/2015 8 -11.7 unchanged 06/24/2015 0
06/08/2015 upto/including 06/14/2015 10 -7.9 unchanged 06/17/2015 0
06/01/2015 upto/including 06/07/2015 21 -8.9 unchanged 06/10/2015 0
05/25/2015 upto/including 05/31/2015 9 -8.7 unchanged 06/03/2015 0
05/18/2015 upto/including 05/24/2015 6 -12.2 unchanged 05/27/2015 0
05/11/2015 upto/including 05/17/2015 3 -0.2 unchanged 05/20/2015 0
05/04/2015 upto/including 05/10/2015 12 -1.4 unchanged 05/13/2015 0
04/27/2015 upto/including 05/03/2015 13 -1.1 unchanged 05/06/2015 0
04/20/2015 upto/including 04/26/2015 3 -8.4 unchanged 04/29/2015 0
04/13/2015 upto/including 04/19/2015 11 -10.7 unchanged 04/22/2015 0
04/06/2015 upto/including 04/12/2015 8 -11.0 unchanged 04/15/2015 0
03/30/2015 upto/including 04/05/2015 19 -3.5 unchanged 04/08/2015 0
03/23/2015 upto/including 03/29/2015 12 -8.9 unchanged 04/01/2015 0
03/16/2015 upto/including 03/22/2015 25 -3.6 unchanged 03/25/2015 0
03/09/2015 upto/including 03/15/2015 25 -10.6 unchanged 03/18/2015 0
03/02/2015 upto/including 03/08/2015 5 -10.9 unchanged 03/11/2015 0
02/23/2015 upto/including 03/01/2015 26 -10.0 unchanged 03/04/2015 0
02/16/2015 upto/including 02/22/2015 25 -5.9 unchanged 02/25/2015 0
02/09/2015 upto/including 02/15/2015 10 -7.3 unchanged 02/18/2015 0
02/02/2015 upto/including 02/08/2015 13 -13.2 unchanged 02/11/2015 0
01/26/2015 upto/including 02/01/2015 32 -13.6 unchanged 02/04/2015 0
01/19/2015 upto/including 01/25/2015 29 -2.5 changed 01/28/2015 0
01/12/2015 upto/including 01/18/2015 47 -9.4 changed 01/21/2015 3
01/05/2015 upto/including 01/11/2015 42 -4.4 changed 01/14/2015 1
12/29/2014 upto/including 01/04/2015 20 -10.9 unchanged 01/07/2015 0