Glossary
Imbalance / cash-out price
the £/MWh price the operator charges or pays parties who were out of balance in a settlement period. Since the P305 reform a single price applies in both directions. Elexon dataset: DISEBSP.
More terms
- Balancing Mechanism (BM)
- BESS
- BM Unit (BMU)
- BMRS
- Carbon intensity
- CCGT / OCGT
- Curtailment
- DNO region
- Elexon
- Embedded (distributed) generation
- GB vs UK
- Generation mix
- Grid frequency
- 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