Glossary Term: Initial Settlement Run
An Initial Settlement Run in the balancing mechanism is the first calculation of trading charges and imbalances for each settlement period. This process ensures that all parties involved in the electricity market are accurately charged or credited based on their actual generation or consumption compared to their contracted positions.
After the Initial Settlement (SF) Run (and all later runs), invoices are generated and sent out to all Parties. The payment date for the SF run is always a set number of calendar days after the Settlement Date in question.
BSC defined definition
The Settlement Run carried out for the purposes of initial Settlement; has the meaning given to that term in Section U2.3;