Clarity of terms
📅 Term of the dayRDS →Reference designation system per ISO/IEC 81346. Gives every component in a facility one unambiguous designation that holds for its whole life.Glossary
Terms from the Norwegian energy sector and technology - explained by practitioners who use them every day. Discover semantic connections and technical references. 379+ terms.
Showing 3 of 379 terms
Energy domainBalance Settlement
Process where the difference between planned and actual power exchange is reconciled - essential for the power market to function.
≈Imbalance Settlement
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Energy domainBalance Settlement
Financial settlement between BRPs and the system operator for energy imbalances in a given period.
≈imbalance settlement
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Industry & actorseSett
The company performing imbalance settlement for balance responsible parties across the Nordics, jointly owned by the four transmission system operators.
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