Glossary
Balancing Mechanism (BM)
how NESO matches supply and demand second-by-second: it accepts bids (an instruction to turn down) and offers (turn up) from BM Units. Elexon BOALF = the accepted bid-offer levels (an instruction/plan, not a meter reading).
More terms
- BESS
- BM Unit (BMU)
- BMRS
- Carbon intensity
- CCGT / OCGT
- Curtailment
- DNO region
- Elexon
- Embedded (distributed) generation
- GB vs UK
- Generation mix
- Grid frequency
- Imbalance / cash-out price
- INDO / NDF
- Interconnector
- ITSDO / TSDF
- Metered / transmission-connected
- MID
- NESO
- NIV (Net Imbalance Volume)
- PN (Physical Notification)
- PS / NPSHYD
- PV Live
- REMIT
- REPD
- Settlement period