Table 2 Roles in electricity market MVE
ENTSO-E HRM role name | Adapted framework role name | Description |
|---|---|---|
Party administrator | Market regulator | Establishes and enforces market rules to follow. Additionally, the market regulator can play an active role during market operations by ensuring that market participants respect market rules |
Data Provider | Data Provider | Provides endogenous and / or exogenous data to market participants who have data access rights |
Imbalance settlement responsible | Imbalance settlement responsible | Financially settles the grid imbalance costs which the grid operator incurred due to market participants’ real-time operational divergences from schedules cleared in the market |
Consumer | Consumer | Consumes electricity and pays bills accordingly. Has operational requirements which constrain the flexibility in market participation |
Energy trader | Energy trader | Bids load volumes and prices in the electricity market, based on price forecasts and operational constraints given by the Consumer |
Balance responsible party | Balance responsible party | Pays the imbalance costs caused by differences between scheduled and dispatched consumer loads |
Scheduling agent | Scheduling agent | Sets the consumer’s schedule based on loads cleared in the market |
Market operator | Divided into subroles | See section “Modelling submarkets” |