BAL NC COMPLIANT MARKETPLACE FOR SHIPPERS WITH SUPPORTING TSO'S RESIDUAL BALANCING ON A ROCK SOLID INSTRASTRUCTURE
The business aim of Balancing-IP is to support the operation of a flexible daily market and to assist in the maintenance of trade balance. The product was designed in accordance with the BAL NC standard for Hungarian Natural Gas Transmission system operator (FGSZ cPLC) in 2010, but its award-winning technology provides many new, unbeatable features.
Balancing-IP provides easy and secure, role-based access for the following actors of the market:
- The Transmission System Operator as a partner in balancing type orders and trades.
- Shippers (i.e. registered natural gas traders and authorized consumers of the transmission system) as trade partners.
- The clearing house as the organization responsible for the financial settling of trades realized on the market.
The exchange-like operation of Balancing-IP creates a flexible daily marketplace where shippers can anonymously trade with natural gas volumes, capacities and other flexible products through a clearing house. Besides the realization of trades, Balancing-IP always checks if the orders to be submitted can be realized from the aspect of physical gas transmission. Balancing-IP won the “ICT project of the year” award of the Hungarian National Innovation Office in 2012.
Balancing-IP was designed in accordance with the ENtSOG Balancing Network Code (BAL NC) in 2010.
Balancing-IP is based on a thin client solution so it is easily accessible without extra It requirements on the client’s side.
All user interface panels and dialog boxes are created by careful ergonomic design and assist the sequences of operations.
The system was designed to meet the necessities of market regulations and applies the best industry practises. Furthermore, its flexible design provides numerous fields for customisation to satisfy individual requirements as well.
Thanks to its careful architecture design, the platform can deal with any scale of transmission system with any number of traders.
is displayed and settled on the virtual network point of the gas transmission system, which is established specifically for this purpose.
intra-day solution to decrease the commercial imbalances of gas trading.
is handled just like intra-day natural gas trading. In this case the trade is subject to the necessary capacity required for gas transmission.
It serves specifically the interests to maintain the physical balance of the transmission system, which implies that one of the partners is always the transmission system operator.
The options for trading with hydraulic balancing gas constitute a market of balancing reserves for the transmission system operator.
Submission of selling and buying orders, anonymous display of orders, order coupling, trade realization.
Balancing–IP provides versatile reporting functionality in order to enable authorized users to supervise trade activities and discover possible market abuses.