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Article 49 Interim imbalance charge

United Kingdom

Original text. Later amendments are not shown.

1.

Where interim measures referred to in Article 45 are necessary, the price derivation may be calculated in accordance with the report referred to in Article 46 which shall substitute the daily imbalance charge calculation methodology.

2.

In that case, the price derivation may be based upon an administered price, a proxy for a market price or a price derived from balancing platform trades.

3.

The proxy for a market price shall seek to satisfy the conditions provided for in Article 22(6). The design of this proxy shall consider the potential risk for market manipulation.