NordREG informs on the decisions on the implementation of 15-minutes imbalance settlement period (ISP15)

The Nordic Energy Regulators, i.e. The Danish Utility Regulator, Energimarknadsinspektionen and Energiavirasto, have made national decisions resulting in a postponement of implementing a 15-minutes imbalance settlement period (ISP15).

Decisions have been made after the Nordic TSO’s in Denmark, Sweden and Finland, i.e. Energinet, Svenska Kraftnät and Fingrid, had requested their respective regulators to decide on a postponement of the implementation of ISP15 to replace the current 60-minutes imbalance settlement period.

The regulators have decided to grant national derogations resulting in ISP15 being implemented on May 22nd 2023.

The requested date for ISP15 was proposed jointly by the Nordic TSOs (including the Norwegian TSO, Statnett).

The Nordic Energy Regulators have concluded in their respective national decisions, that there are conditions for granting a derogation, and that the jointly proposed date for ISP15 with certainty can be implemented timely in each country.

The regulators will closely monitor the joint Nordic progress and the implementation projects in each country, encouraging the Nordic TSOs to update market participants on the ongoing process and finalization hereof.