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P194: Revised derivation of the main energy imbalance price

Content:
Correspondence and other
Publication date:
Topic:
Electricity generation
Security of supply
Industry sector:
Supply and Retail Market,
Generation and Wholesale Market

amend the main energy imbalance price such that only a predefined volume of balancing actions will contribute to the calculation of a volume weighted imbalance price. Ofgem issued this decision letter on 23 March 2006, approving P194.