Learn what balancing is, how balancing groups work and why they are critically important for managing electricity costs.
Electricity balancing is the process of maintaining equilibrium between the electricity produced and the electricity consumed at every moment. Because consumption and production change constantly, electricity quantities have to be accurately forecast and managed.
When there is a difference between the scheduled and the actually consumed quantity of electricity, a so-called imbalance occurs. These deviations lead to additional costs, which are passed on to end customers.
As a balancing group coordinator, Balkan Logic brings together the consumption of consumers and the production of producers in its balancing group, prepares professional forecasts and manages the resulting imbalances. This helps reduce the risk of additional costs and ensures more efficient participation in the free electricity market.
Every participant in the free electricity market is responsible for the deviations between forecast and actual consumption or production. These deviations, known as imbalances, lead to additional costs that can have a significant impact on the final price of electricity.
Participation in a balancing group allows the imbalances of individual participants to offset each other, which reduces the overall deviation of the group and, accordingly, the balancing costs. The more efficiently a balancing group is managed, the lower the risk of significant imbalance-related costs.
As a balancing group coordinator, Balkan Logic continuously analyzes the consumption and production of its clients, prepares accurate forecasts and manages the risk of imbalances. This ensures better cost predictability and more efficient participation in the free electricity market.
When one group member consumes more than forecasted, another may consume less. These differences are offset within the group before being reported to ESO. The more members — the more effective the balancing.
Balkan Logic prepares daily forecasts of the consumption and production of each client for every 15-minute settlement period. Precise forecasting is the key to minimal imbalances and low costs.
The coordinator receives a monthly settlement from ESO, calculates the imbalances of each member or group and distributes the costs fairly. Shortage and surplus prices are determined for each period by an approved methodology.
The process is fast and without unnecessary administrative burden — we handle communication with ESO and the supplier on your behalf. See the detailed steps for joining:
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