• Balancing units are obliged to submit bids/offers for their all capacity between 14:00-16.00 to BPM. If they receive instructions they must be online/offline technically within 15 minutes.

BPM Up Regulation Offer Capacity= Available Capacity – Final Day Ahead Generation Schedule

BPM Down Regulation Bid Capacity= Final Day Ahead Generation Schedule

BPM Offer/Bid Structures

• Market participants within the context of balancing power market may submit offers and bids at 15 levels of volumes, separately for offer and bid directions.
• All offer prices shall be determined such that they will be equal to or higher than the market clearing price set for the related hour.
• All bid prices shall be determined such that they will be equal to or smaller than the market clearing price set for the related hour.
• The difference between offer/bid prices cannot exceed 20%.
• All offers shall be submitted such that the price of next offer level will be equal to or higher than the price of previous offer level.
• All bids shall be submitted such that the price of next bid level will be equal to or smaller than the price of previous bid level.
• The minimum offer and bid volume shall be 10 MW