The short-term balancing product currently ranking at level 3 of the merit order followed by the market area managers (MAMs) when taking market-based balancing actions (MOL) will be discontinued with effect from January 2018. Accordingly, GASPOOL will no longer use the balancing platform (“REPo”) it currently operates as an interim measure under the Balancing Network Code and will not be required to seek an extension of the interim measure beyond 16 April 2019.
The current decision is a reflection of recent developments, including the introduction of new products on the exchange the MAMs can now use to physically balance their market areas, which expanded the range of balancing tools available. Also, if the need arises, the MAMs can use the additional balancing services ranking at level 4 of the merit order (MOL 4), which now include both long-term and short-term products. To ensure efficient processes, all future tendering activities relating to these balancing services will be carried out via a tendering platform.