The Imbalance Price is used to settle energy imbalance volumes. If a Party is in imbalance of its contracted volume, then it will be subject to imbalance charges.
Resource
The Imbalance Price is used to settle energy imbalance volumes.
At the end of a Settlement Period, BSC Systems compare a Party’s contracted (traded) volume with the metered volume of energy used in the Settlement Period. If a Party is in imbalance of its contracted volume, then it will be subject to imbalance charges.
How it relates to you
There are two Energy Imbalance Prices for each Settlement Period. These are:
- System Buy Price (SBP)
- System Sell Price (SSP)
The System Sell Price (SSP) and System Buy Price (SBP) are the ‘cash-out’ or ‘Energy Imbalance’ prices. These are used to settle the difference between contracted generation, or consumption, and the amount that was actually generated, or consumed, in each half-hour trading period.
However now there is a single price calculation, so SBP will equal SSP in each Settlement Period. These prices are applied to Parties’ imbalances to determine their imbalance charges.
Latest pricing
SSP and SBP (in £/MWh) and the Net Imbalance Volume (NIV) (in MWh) for every Settlement Period in a particular day.
- Indicative SSP and SBP on the Insights Solution
- Finalised Settlement data is published in Best View Prices on the Elexon Portal
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