Table 1 Imbalance price settlement mechanism
From: Novel approaches to the energy load unbalance forecasting in the Italian electricity market
| Â | Positive actor unbalance: actor receives | Negative actor unbalance: actor pays |
|---|---|---|
Positive network unbalance | \(\min\{ P_{\mathrm{MGP}}, P_{\mathrm{MSD}}^{\downarrow}\}\) | \(\min\{P_{\mathrm{MGP}}, P_{\mathrm{MSD}}^{\downarrow}\}\) |
Negative network unbalance | \(\max\{P_{\mathrm{MGP}}, P_{\mathrm{MSD}}^{\uparrow} \}\) | \(\max\{P_{\mathrm{MGP}}, P_{\mathrm{MSD}}^{\uparrow}\}\) |