{"id":177121,"date":"2021-11-11T14:19:26","date_gmt":"2021-11-11T14:19:26","guid":{"rendered":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/?page_id=177121"},"modified":"2023-07-13T10:28:46","modified_gmt":"2023-07-13T09:28:46","slug":"training-video-on-imbalance-pricing","status":"publish","type":"page","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/imbalance-pricing\/training-video-on-imbalance-pricing\/","title":{"rendered":"Training Video on Imbalance Pricing"},"content":{"rendered":"<h2 id=\"what-is-covered-in-this-training-video\">What is covered in this training video<\/h2>\n<ul class=\"custom-list\">\n<li>When Imbalance Prices are used<\/li>\n<li>The meaning of the terms &#x2018;Long&#x2019; and &#x2018;Short&#x2019;&#xA0;<\/li>\n<li>The importance of Imbalance Prices<\/li>\n<li>Calculation of Imbalance Prices<\/li>\n<\/ul>\n<h2 id=\"imbalance-settlement-training-video\">Imbalance Pricing training video<\/h2>\n\t\n\t\t<!-- NOINDEX -->\n\t\t<div class=\"panel-section\">\n\t\t\t<div class=\"media-store-shortcode\" data-post-id=\"185738\">\n\t\t\t\t<iframe loading=\"lazy\" title=\"Elexon and BSC seminar_ Introduction to the energy market - Imbalance Prices\" src=\"https:\/\/player.vimeo.com\/video\/467345799?dnt=1&amp;app_id=122963\" width=\"640\" height=\"360\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write; encrypted-media; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\"><\/iframe><div>Video Published: October 2020<\/div><div>Video Length: 28 mins, 14 sec<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t\t<!-- ENDNOINDEX -->\n\t\n<p>&#xA0;<\/p>\n<div class=\"panel-content\">\n<ul>\n<li>For the Imbalance Pricing training video transcript please contact&#xA0;<a href=\"mailto:communications@elexon.co.uk\">communications@elexon.co.uk<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"pagebuilder-blocks\">\n<div class=\"panel-content\">\n<h3>&#xA0;<\/h3>\n<h3>Operational guidance<\/h3>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/operations-settlement\/balancing-and-settlement\/\" data-wpel-link=\"internal\">Balancing &amp; Settlement<\/a>&#xA0;<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>What is covered in this training video When Imbalance Prices are used The meaning of the terms &#x2018;Long&#x2019; and &#x2018;Short&#x2019;&#xA0; The importance of Imbalance Prices Calculation of Imbalance Prices Imbalance [&hellip;]<\/p>\n","protected":false},"author":353,"featured_media":0,"parent":29247,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","inline_featured_image":false,"footnotes":""},"tags":[15665,15666],"class_list":["post-177121","page","type-page","status-publish","hentry","tag-training-video","tag-video"],"acf":[],"semantic_search":{"post_id":177121,"title":"Training Video on Imbalance Pricing","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/imbalance-pricing\/training-video-on-imbalance-pricing\/","categories":[],"tags":["Training video","Video"],"content":"    <div class=\"panel-content\">\n        <p>This page contains a training video and training materials on Imbalance Pricing. This video will be of interest to those new to the electricity industry and those who want an overview of the electricity settlement process. Basic understanding of the roles of Generators and Suppliers is assumed.&#xA0;<\/p>\n\n    <\/div>\n\n    <div class=\"panel-content\">\n        <h2 id=\"what-is-covered-in-this-training-video\">What is covered in this training video<\/h2>\n<ul class=\"custom-list\">\n<li>When Imbalance Prices are used<\/li>\n<li>The meaning of the terms &#x2018;Long&#x2019; and &#x2018;Short&#x2019;&#xA0;<\/li>\n<li>The importance of Imbalance Prices<\/li>\n<li>Calculation of Imbalance Prices<\/li>\n<\/ul>\n<h2 id=\"imbalance-settlement-training-video\">Imbalance Pricing training video<\/h2>\n\t\n\t\t<!-- NOINDEX -->\n\t\t<div class=\"panel-section\">\n\t\t\t<div class=\"media-store-shortcode\" data-post-id=\"185738\">\n\t\t\t\t<iframe loading=\"lazy\" title=\"Elexon and BSC seminar_ Introduction to the energy market - Imbalance Prices\" src=\"https:\/\/player.vimeo.com\/video\/467345799?dnt=1&amp;app_id=122963\" width=\"640\" height=\"360\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write; encrypted-media; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\"><\/iframe><div>Video Published: October 2020<\/div><div>Video Length: 28 mins, 14 sec<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t\t<!-- ENDNOINDEX -->\n\t\n<p>&#xA0;<\/p>\n<div class=\"panel-content\">\n<ul>\n<li>For the Imbalance Pricing training video transcript please contact&#xA0;<a href=\"mailto:communications@elexon.co.uk\">communications@elexon.co.uk<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"pagebuilder-blocks\">\n<div class=\"panel-content\">\n<h3>&#xA0;<\/h3>\n<h3>Operational guidance<\/h3>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/operations-settlement\/balancing-and-settlement\/\" data-wpel-link=\"internal\">Balancing &amp; Settlement<\/a>&#xA0;<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n    <\/div>\n\n<div class=\"pagebuilder-blocks\"><div class=\"panel-content\">\n    <div class=\"accordion\">\n        <div class=\"accordion-group\">\n            <h2 class=\"accordion-title h2\" tabindex=\"0\" id=\"training-video-slides\" aria-expanded=\"false\">Training video slides<\/h2>            <div class=\"accordion-panel\" aria-hidden=\"true\">\n                <div class=\"panel-inner\">\n                    <ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/documents\/operations-settlement\/imbalance-pricing\/imbalance-prices-training-slides\/\" target=\"_blank\" rel=\"noopener\">Imbalance Prices training video PowerPoint slides<\/a><\/li>\n<\/ul>\n\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div><div class=\"panel-content\">\n    <div class=\"accordion\">\n        <div class=\"accordion-group\">\n            <h2 class=\"accordion-title h2\" tabindex=\"0\" id=\"recommended-reading\" aria-expanded=\"false\">Recommended reading<\/h2>            <div class=\"accordion-panel\" aria-hidden=\"true\">\n                <div class=\"panel-inner\">\n                    <ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/guidance-note\/imbalance-pricing\/\">Imbalance Pricing guidance note<\/a><\/li>\n<\/ul>\n\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div><div class=\"panel-content\">\n    <div class=\"accordion\">\n        <div class=\"accordion-group\">\n            <h2 class=\"accordion-title h2\" tabindex=\"0\" id=\"faqs\" aria-expanded=\"false\">FAQs<\/h2>            <div class=\"accordion-panel\" aria-hidden=\"true\">\n                <div class=\"panel-inner\">\n                    <h3 class=\"panel-title\">How are the System Sell Price and the System Buy Price calculated?<\/h3>\n<p>For each half hour trading period or &#x2018;Settlement Period&#x2019;, the &#x2018;cash-out prices&#x2019; or &#x2018;energy imbalance prices&#x2019; (System Sell Price and System Buy Price) will be calculated based on the cost incurred by National Grid &#x2013; the System Operator &#x2013; to bring the system into balance (based on accepted Balancing Mechanism Bids and Offers). The System Buy Price (SBP) is applied to BSC Parties that have negative imbalances and the System Sell Price (SSP) to those that have positive imbalances.<\/p>\n\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div><\/div>","s3_url":""},"_links":{"self":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages\/177121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/users\/353"}],"replies":[{"embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/comments?post=177121"}],"version-history":[{"count":3,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages\/177121\/revisions"}],"predecessor-version":[{"id":199507,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages\/177121\/revisions\/199507"}],"up":[{"embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages\/29247"}],"wp:attachment":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/media?parent=177121"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/tags?post=177121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}