Article 53 Imbalance settlement period
United Kingdom
By three years after the entry into force of this Regulation, all TSOs shall apply the imbalance settlement period of 15 minutes in all scheduling areas while ensuring that all boundaries of market time unit shall coincide with boundaries of the imbalance settlement period.
The TSOs of F1the GB synchronous area may jointly request an exemption from the requirement laid down in paragraph 1.
The regulatory authority may grant an exemption from the requirement laid down in paragraph 1—
upon a request under paragraph 2; or
on its own initiative.
Annotations
Textual amendments
- F1
Words in Art. 53(2) substituted (31.12.2020) by The Electricity Network Codes and Guidelines (Markets and Trading) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/532), reg. 1(1), Sch. 2 para. 33(2); 2020 c. 1, Sch. 5 para. 1(1)
- F2
Art. 53(3) substituted (31.12.2020) by The Electricity Network Codes and Guidelines (Markets and Trading) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/532), reg. 1(1), Sch. 2 para. 33(3); 2020 c. 1, Sch. 5 para. 1(1)