single imbalance model

Preparations for the introduction of the single price-single imbalance model were going on for long time in Finland and the other Nordic countries. Marja Eronen, Senior Expert, has been responsible for Nordic cooperation in the project, and Jani Piipponen, Balance Services Manager, is responsible for the deployment of the model in Finland.

The Nordic countries – Finland, Sweden, Norway, and Denmark – switched to a single price and single imbalance model for imbalance settlement at 1 am on 1 November. The Nordic balance model (NBM) program aims to respond more quickly to the changes of the electricity market where single price and single imbalance model is the first step on the journey.