Glossary Term: Initial Volume Allocation Run
Acronym: IVAR
An Initial Volume Allocation Run (IVAR) involves calculating the energy volumes allocated to different suppliers based on the latest available data, such as valid actual meter readings, agreed estimates, and other relevant data like Line Loss Factors and Aggregation Rules.
This run is key to the initial settlement purposes, ensuring that the energy traded is accurately accounted for and allocated to the correct parties and helps maintain the balance between supply and demand in the electricity market.
BSC defined definition
The Volume Allocation Run carried out for the purposes of initial Settlement; has the meaning given to that term in Section U2.3