Platform compliant to the Balancing Network Code (BAL NC) supporting TSOs' and Network Users' balancing activity on a rock-solid infrastructure.
The Balancing Platform is designed for natural gas markets that are introducing or upgrading market-based operation in balancing with the aim of gradual evolution towards a full market-based balancing regime.
We recommend this solution for:
- EU Member State countries who opted for an interim period in Balancing Network Code implementation.
- Energy Community Member countries who wish to implement solutions compliant with EU regulations.
- Countries in the rest of the world who are in an initial phase of market opening and wish to build up a liquid short-term market and market-based balancing regime.
The Balancing Platform full-scale solution acknowledges the fact that a natural gas market opening and development has different phases; it takes time for a short-term balancing market to become mature.
Therefore, we provide the Balancing Platform as an interim tool and a Trading Platform for mature short-term markets.
The platform provides a real, competitive, transparent and EU-compliant market environment for all players, allowing them to easily control the ergonomically designed user interfaces without any special market experience and IT knowledge.
Balancing Platform Features
Products:
- Both standard and flexibly defined energy (and reserve) products that are tailored for TSO's special balancing needs
- Capacity products: the Platform can optionally be extended to also serve as a Secondary Capacity Platform
- Imbalance settlement product: the Platform also provides a neat and simple solution for the daily and monthly imbalance settlement between the TSO and network users
Features supporting the TSO:
- Capacity checking
- Monitoring of nomination requirements related to the Platform trades.
- Imbalance settlement price calculation.
- Financial Settlement Support: third party data management, limit checks, generating settlement data and calculating market reference prices.
Why the Balancing Platform from NAVITASOFT?
Our innovation award winning product leads you through the whole balancing market evolution process. It provides a step-by-step guide from the setting up of the Balancing Platform to the introduction of trading products, and to the final implementation of a Trading Platform.
With the knowledge of TSO platforms in multiple European countries, we are equipped with all the necessary regulatory, energy market, and IT knowledge you need to meet the Balancing Network Code’s requirements.
Top 5 benefits
Full compliance with BAL NC
Both our Balancing and Trading Platform solutions support you in complying with the 312/2014 EU Balancing Network Code.
Easy to access
The Balancing Platform is based on a thin client solution so it is easily accessible without extra IT requirements on the client’s side.
Easy to use
All user interface panels and dialog boxes are created by careful ergonomic design. Users find it convenient and efficient, allowing them to be productive and increasing user satisfaction.
Customisable
The system was designed to meet the necessities of market regulations and applies the best industry practices. Furthermore, its flexible design provides numerous fields for customisation to satisfy your unique requirements.
Robust
Thanks to its careful architecture design, the platform can deal with any scale of transmission system with any number of traders.
Contact us for a personal demo or a detailed RfQ.
