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Definition
1. Balancing groups are virtual energy volume accounts that allow electricity market players to balance their actual feed-in and offtake within a control area.
2. Customers receive electricity supply in balancing groups. Balancing groups can withdraw and/or add capacity. The manager of a balancing group ensures that the balance of capacity in the balancing group is equal in every 15-minute period measured. This means balancing capacity for overall demand on the one hand and overall supply on the other.
Abbreviation
Synonyms
Superterms
Energy industry, Electricity market
Subterms
Sources
http://www.50hertz.com/en/Grid-Access/Balancing-groups (1.); https://www.amprion.net/Energy-Market/Balancing-Groups/ (2.)
Author: Frithjof Kühnert
