Bilateral Contracts
- The amount of Bilateral Contracts based on settlement, the amount of electricity that the participants notified MMS (Market Management System) to buy or sell in the same offer area for a certain settlement period.
- Bilateral Contracts between the two participants are recorded in MMS daily (24 settlement periods).
- In order for Bilateral Notifications to become a basis for settlement; As of 5:00 pm on the day before the delivery day, the mutual notifications made in each settlement period should be opposite and equal. If the notices overlap, the status of the agreement will be displayed as approved. Otherwise, the agreement will be invalid and will not be a basis for settlement.
- Bilateral Notifications can be entered up to 60 days later. However, in order for the entered bilateral agreement to become a settlement basis, the last business day before the delivery day must be approved in the system as of 5:00 pm.
- Settlement of Bilateral Notifications is carried out in accordance with the Electricity Market Balancing and Settlement Regulation Article 87, Article 88, Article 89, Article 112.
