Explanation

The publication of settlement prices is in accordance with our core values of quality and integrity.
The determination of settlement prices for bids of regulating and reserve capacity utilised has been laid down in the Implementation Regulations.
The System Code contains stipulations about the determination of the imbalance price.
The determination of the incentive component of the imbalance price has been laid down in the report on the imbalance pricing system as of 1 January 2001, which was revised on 26 October 2005; its publication is stipulated in the System Code.

The data relate to the following columns for each date and per PTU (prices in EUR/MWh, in two decimal places):

• Emergency capacity, if stated, is an indicator for the use of emergency capacity; this affects the determination of the imbalance price;
• Upward adjustment, if stated, refers to the settlement price of bids used on the upward adjustment side: TenneT pays this price to the supplier;
• Downward adjustment, if stated, refers to the settlement price of bids used on the downward adjustment side: the supplier pays this price to TenneT TSO (in the event of a negative price, TenneT pays the supplier);
• The incentive component is always stated, and is always ≥ 0 EUR/MWh;
• Output is always stated and refers to the settlement price of the imbalance of the PRPs with deficits: the PRP pays this price to TenneT TSO (if negative, TenneT pays the PRP);
• Input is always stated and refers to the settlement price of the imbalance of the PRPs with surpluses: TenneT pays this price to the PRP (if negative, the PRP pays TenneT);
• The regulating state is always stated and its value is -1, 0, 1 of 2. The regulating state affects the determination of the imbalance price.  

Settled volumes

The settled volumes of regulating and reserve capacity and imbalance are listed under:

• Volume of settled regulating, reserve and emergency capacity
• Volume of settled imbalance