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Incentive component 2013
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 January 14 upto/including 20 January 2013
The calculation shows that the average exchange is 22.8MW. Since a significant partof this is due to a too high frequency in Continental Europe, the incentive component is not increased.
*Explanation of the incentive component for the period of February 25 upto/including 3 March 2013
The calculation shows that the average exchange is 23.0MW. Since a significant partof this is due to a too high frequency in Continental Europe, 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) | ||||
| 12/23/2013 upto/including 12/29/2013 | 14 | -1.1 | unchanged | 01/01/2014 | 0 |
| 12/16/2013 upto/including 12/22/2013 | 18 | -3.3 | unchanged | 12/25/2013 | 0 |
| 12/09/2013 upto/including 12/15/2013 | 26 | 8.9 | unchanged | 12/18/2013 | 0 |
| 12/02/2013 upto/including 12/08/2013 | 17 | 8.9 | unchanged | 12/11/2013 | 0 |
| 11/25/2013 upto/including 12/01/2013 | 6 | 6.4 | unchanged | 12/04/2013 | 0 |
| 11/18/2013 upto/including 11/24/2013 | 9 | 1.0 | unchanged | 11/27/2013 | 0 |
| 11/11/2013 upto/including 11/17/2013 | 10 | 1.0 | unchanged | 11/20/2013 | 0 |
| 11/04/2013 upto/including 11/10/2013 | 26 | 4.5 | unchanged | 11/13/2013 | 0 |
| 10/28/2013 upto/including 11/03/2013 | 16 | -5.3 | unchanged | 11/06/2013 | 0 |
| 10/21/2013 upto/including 10/27/2013 | 8 | -4.2 | unchanged | 10/30/2013 | 0 |
| 10/14/2013 upto/including 10/20/2013 | 15 | -0.8 | unchanged | 10/23/2013 | 0 |
| 10/07/2013 upto/including 10/13/2013 | 11 | 2.7 | unchanged | 10/16/2013 | 0 |
| 09/30/2013 upto/including 10/06/2013 | 15 | -4.2 | unchanged | 10/09/2013 | 0 |
| 09/23/2013 upto/including 09/29/2013 | 6 | -6.8 | unchanged | 10/02/2013 | 0 |
| 09/16/2013 upto/including 09/22/2013 | 2 | -12.2 | unchanged | 09/25/2013 | 0 |
| 09/09/2013 upto/including 09/15/2013 | 3 | -8.4 | unchanged | 09/18/2013 | 0 |
| 09/02/2013 upto/including 09/08/2013 | 8 | -4.4 | unchanged | 09/11/2013 | 0 |
| 08/26/2013 upto/including 09/01/2013 | 5 | -5.5 | unchanged | 09/04/2013 | 0 |
| 08/19/2013 upto/including 08/25/2013 | 2 | 1.3 | unchanged | 08/28/2013 | 0 |
| 08/12/2013 upto/including 08/18/2013 | 7 | -3.5 | unchanged | 08/21/2013 | 0 |
| 08/05/2013 upto/including 08/11/2013 | 5 | -9.5 | unchanged | 08/14/2013 | 0 |
| 07/29/2013 upto/including 08/04/2013 | 12 | -6.8 | unchanged | 08/07/2013 | 0 |
| 07/22/2013 upto/including 07/28/2013 | 9 | -2.8 | unchanged | 07/31/2013 | 0 |
| 07/15/2013 upto/including 07/21/2013 | 15 | 0.0 | unchanged | 07/24/2013 | 0 |
| 07/08/2013 upto/including 07/14/2013 | 20 | -7.1 | unchanged | 07/17/2013 | 0 |
| 07/01/2013 upto/including 07/07/2013 | 25 | -7.6 | unchanged | 07/10/2013 | 0 |
| 06/24/2013 upto/including 06/30/2013 | 27 | -10.1 | unchanged | 07/03/2013 | 0 |
| 06/17/2013 upto/including 06/23/2013 | 24 | -6.7 | unchanged | 06/26/2013 | 0 |
| 06/10/2013 upto/including 06/16/2013 | 17 | -14.9 | unchanged | 06/19/2013 | 0 |
| 06/03/2013 upto/including 06/09/2013 | 20 | -17.0 | unchanged | 06/12/2013 | 0 |
| 05/27/2013 upto/including 06/02/2013 | 20 | -8.8 | unchanged | 06/05/2013 | 0 |
| 05/20/2013 upto/including 05/26/2013 | 23 | -14.9 | unchanged | 05/29/2013 | 0 |
| 05/13/2013 upto/including 05/19/2013 | 10 | -6.6 | unchanged | 05/22/2013 | 0 |
| 05/06/2013 upto/including 05/12/2013 | 11 | -10.3 | unchanged | 05/15/2013 | 0 |
| 04/29/2013 upto/including 05/05/2013 | 20 | -7.1 | unchanged | 05/08/2013 | 0 |
| 04/22/2013 upto/including 04/28/2013 | 14 | -2.2 | unchanged | 05/01/2013 | 0 |
| 04/15/2013 upto/including 04/21/2013 | 22 | 0.0 | unchanged | 04/24/2013 | 0 |
| 04/08/2013 upto/including 04/14/2013 | 7 | 7.0 | unchanged | 04/17/2013 | 0 |
| 04/01/2013 upto/including 04/07/2013 | 9 | 4.2 | unchanged | 04/10/2013 | 0 |
| 03/25/2013 upto/including 03/31/2013 | 16 | 9.0 | unchanged | 04/03/2013 | 0 |
| 03/18/2013 upto/including 03/24/2013 | 11 | 9.2 | unchanged | 03/27/2013 | 0 |
| 03/11/2013 upto/including 03/17/2013 | 8 | 13.8 | unchanged | 03/20/2013 | 0 |
| 03/04/2013 upto/including 03/10/2013 | 13 | 8.8 | unchanged | 03/13/2013 | 0 |
| 02/25/2013 upto/including 03/03/2013* | 8 | 23.0 | unchanged | 03/06/2013 | 0 |
| 02/18/2013 upto/including 02/24/2013 | 5 | 12.7 | unchanged | 02/27/2013 | 0 |
| 02/11/2013 upto/including 02/17/2013 | 15 | 12.3 | unchanged | 02/20/2013 | 0 |
| 02/04/2013 upto/including 02/10/2013 | 11 | 10.7 | unchanged | 02/13/2013 | 0 |
| 01/28/2013 upto/including 02/03/2013 | 28 | 12.3 | unchanged | 02/06/2013 | 0 |
| 01/21/2013 upto/including 01/27/2013 | 14 | 16.2 | unchanged | 01/30/2013 | 0 |
| 01/14/2013 upto/including 01/20/2013* | 15 | 22.8 | unchanged | 01/23/2013 | 0 |
| 01/07/2013 upto/including 01/13/2013 | 19 | -1.3 | unchanged | 01/16/2013 | 0 |
| 12/31/2012 upto/including 01/06/2013 | 36 | -7.6 | unchanged | 01/09/2013 | 0 |