Incentive component 2018

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 2 up to/including the 8th of July 2018.
The number of observations with an exchange above 300 MW is for this week higher than 39 and also the average deviation for this week was above 20 MW. Almost all these observations and also the high average deviation were caused by incorrect real-time measurement processing in the TSO systems. It is therefore decided not to increase the incentive component.

week results of the observations incentive component commencing date results EUR/MWh
exchanges greater than 300 MW average of exchanges (MW)
12/24/2018 upto/including 12/30/2018 14 -3.8 unchanged 01/02/2019 0
12/17/2018 upto/including 12/23/2018 14 -10.9 unchanged 12/26/2018 0
12/10/2018 upto/including 12/16/2018 36 5.8 unchanged 12/19/2018 0
12/03/2018 upto/including 12/09/2018 8 -4.8 unchanged 12/12/2018 0
11/26/2018 upto/including 12/02/2018 22 -3.9 unchanged 12/05/2018 0
11/19/2018 upto/including 11/25/2018 32 15.0 unchanged 11/28/2018 0
11/12/2018 upto/including 11/18/2018 20 -1.8 unchanged 11/21/2018 0
11/05/2018 upto/including 11/11/2018 22 2.3 unchanged 11/14/2018 0
10/29/2018 upto/including 11/04/2018 28 5.3 unchanged 11/07/2018 0
10/22/2018 upto/including 10/28/2018 12 -7.1 unchanged 10/31/2018 0
10/15/2018 upto/including 10/21/2018 9 1.0 unchanged 10/24/2018 0
10/08/2018 upto/including 10/14/2018 30 3.5 unchanged 10/17/2018 0
10/01/2018 upto/including 10/07/2018 18 -6.1 unchanged 10/10/2018 0
09/24/2018 upto/including 09/30/2018 26 -10.7 unchanged 10/03/2018 0
09/17/2018 upto/including 09/23/2018 27 -1.4 unchanged 09/26/2018 0
09/10/2018 upto/including 09/16/2018 22 -4.0 unchanged 09/19/2018 0
09/03/2018 upto/including 09/09/2018 19 13.3 unchanged 09/12/2018 0
08/27/2018 upto/including 09/02/2018 14 0.7 unchanged 09/05/2018 0
08/20/2018 upto/including 08/26/2018 22 3.8 unchanged 08/29/2018 0
08/13/2018 upto/including 08/19/2018 13 2.9 unchanged 08/22/2018 0
08/06/2018 upto/including 08/12/2018 14 -7.9 unchanged 08/15/2018 0
07/30/2018 upto/including 08/05/2018 39 8.8 unchanged 08/08/2018 0
07/23/2018 upto/including 07/29/2018 13 5.7 unchanged 08/01/2018 0
07/16/2018 upto/including 07/22/2018 5 -0.7 unchanged 07/25/2018 0
07/09/2018 upto/including 07/15/2018 8 -1.0 unchanged 07/18/2018 0
07/02/2018 upto/including 07/08/2018* 314 91.1 unchanged 07/11/2018 0
06/25/2018 upto/including 07/01/2018 13 -8.8 unchanged 07/04/2018 0
06/18/2018 upto/including 06/24/2018 13 -9.9 unchanged 06/27/2018 0
06/11/2018 upto/including 06/17/2018 17 -13.5 unchanged 06/20/2018 0
06/04/2018 upto/including 06/10/2018 23 -5.8 unchanged 06/13/2018 0
05/28/2018 upto/including 06/03/2018 19 -0.3 unchanged 06/06/2018 0
05/21/2018 upto/including 05/27/2018 6 1.1 unchanged 05/30/2018 0
05/14/2018 upto/including 05/20/2018 20 -4.8 unchanged 05/23/2018 0
05/07/2018 upto/including 05/13/2018 15 3.7 unchanged 05/16/2018 0
04/30/2018 upto/including 05/06/2018 28 1.4 unchanged 05/09/2018 0
04/23/2018 upto/including 04/29/2018 23 -16.1 unchanged 05/02/2018 0
04/16/2018 upto/including 04/22/2018 9 -9.7 unchanged 04/25/2018 0
04/09/2018 upto/including 04/15/2018 11 -2.0 unchanged 04/18/2018 0
04/02/2018 upto/including 04/08/2018 24 -6.1 unchanged 04/11/2018 0
03/26/2018 upto/including 04/01/2018 23 0.7 unchanged 04/04/2018 0
03/19/2018 upto/including 03/25/2018 12 -14.3 unchanged 03/28/2018 0
03/12/2018 upto/including 03/18/2018 21 -5.2 unchanged 03/21/2018 0
03/05/2018 upto/including 03/11/2018 25 -14.3 unchanged 03/14/2018 0
02/26/2018 upto/including 03/04/2018 30 -8.8 unchanged 03/07/2018 0
02/19/2018 upto/including 02/25/2018 32 -19.7 changed 02/28/2018 0
02/12/2018 upto/including 02/18/2018 11 -20.1 changed 02/21/2018 3
02/05/2018 upto/including 02/11/2018 22 -22.1 changed 02/14/2018 1
01/29/2018 upto/including 02/04/2018 14 -13.4 unchanged 02/07/2018 0
01/22/2018 upto/including 01/28/2018 16 -19.8 unchanged 01/31/2018 0
01/15/2018 upto/including 01/21/2018 18 -14.5 unchanged 01/24/2018 0
01/08/2018 upto/including 01/14/2018 18 -8.1 unchanged 01/17/2018 0
01/01/2018 upto/including 01/07/2018 13 -11.0 unchanged 01/10/2018 0