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On February 17th, 2017 the Baltic TSOs disclosed their final proposal for the harmonised imbalance settlement model, which was published and submitted to all relevant Baltic electricity market’s stakeholders. The document, titled the Baltic Imbalance Settlement Document Model, included updates in comparison to the preliminary settlement model issued by the Baltic TSOs on June 27, 2016.

On April 18th, 2017 the Baltic TSOs submitted a joint letter to the Baltic NRAs with the purpose to seek their support and advocacy to go forward with the relevant national regulatory amendments and proceedings in each Baltic State in order to get the agreed harmonised rules and arrangements in place and effective by January 1st, 2018, as planned. In their response, the Baltic NRAs drew attention to the fact that although the TSOs efforts for market harmonization are highly appreciated, in order to implement the imbalance settlement design as the TSOs proposed, valid laws and regulations in each Baltic State should be followed.

Because of concerns that the subsequent amendments to local laws, which the TSOs have already pursued, might not get passed duly on time, and provided that the adoption of the European wide regulation, the Guidelines on Electricity Balancing, is foreseen, yet not guaranteed, to take place during December 2017, the Baltic TSOs have opted that rather than risk the postponement of the Baltic harmonised settlement model altogether, changes will be made to some of the aspects of the model so that conflicts with current legislation are avoided. In effect, this would ensure the timely launch of the Baltic harmonised settlement model on January 1st, 2018. These transitory changes shall remain in effect until the regulatory proceedings for the final model have been successfully completed. Nevertheless, the final model shall not take effect earlier than January 1st, 2019.

The document covering the new adjusted Baltic imbalance settlement model document can be retrieved

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