Course 08 of 20 · Power and Electricity Desk Academy

Metering, Imbalance Settlement & Reconciliation

Stage B, Market execution. Level 4 of 10.

The metering-to-settlement data chain and imbalance cash-out, taught as one national arrangement among several and never as a universal electricity-market rule.

116 chapters · 11 modules · every chapter one 8 to 10 minute explainer · builds on: Course 02, Course 06, Course 07

Enrol or enquire See the 116 chapters
How a chapter is sized

One chapter is one idea taken to the point of use

Each chapter is a single self-contained explainer of 8 to 10 narrated minutes, covering one idea to the point where you can use it.

Chapters run in order. Each one assumes only what the chapters before it taught, and capability belonging to a later course is named and deferred rather than half-covered.

Curriculum

11 modules · 116 chapters

Open any module for its full chapter list, in teaching order.

M0 Where the Trade Ends and the Settlement Chain Begins Ch 1-11
  1. Why a Closed-Out Trading Day Still Owes You Money
  2. The Half-Hour as the Unit Everything Settles In
  3. Contracted Energy Against Energy That Actually Flowed
  4. The Agents Who Build a Settlement Number
  5. Imbalance as the Residue the Whole Chain Leaves
  6. One National Arrangement, Not a Universal Rule
  7. The Timetable from Delivery Day to Final Run
  8. Why a Settled Figure Can Change Twice More
  9. Reading a Settlement Statement as a Trader
  10. The Cash Lag Between Dealing and Banking
  11. How the Material Is Ordered and Where Threads Go
M1 The Settlement Meter and What It Records Ch 12-22
  1. What a Half-Hourly Settlement Meter Writes Down
  2. Half-Hourly and Non-Half-Hourly Sites Compared
  3. The Defined Metering Point and Where It Sits
  4. Transformer and Line Losses Added to a Reading
  5. Accuracy Class, Instrument Transformers and Real Error
  6. Import and Export Registers on One Site
  7. Embedded Generation Behind a Supply Meter
  8. Registering a Two-Way Site for Settlement
  9. Commissioning, Proving and Certification
  10. When a Meter Fails and Nobody Notices
  11. A Worked Read for One Generating Site
M2 From Meter to Settlement File Ch 23-33
  1. The Journey a Reading Takes to the Central System
  2. Validation Rules Applied Before Data Is Accepted
  3. Estimated Periods and Substituted Data
  4. Profiling a Quarterly Read into Half Hours
  5. Profile Classes and the Annual Consumption Figure
  6. Aggregation to a Supplier Total at a Supply Point
  7. Reconciling Supplier Totals to Measured Group Demand
  8. Missing Data Flows and the Default Volume
  9. Change of Supplier and the Reading That Closes a Period
  10. Choosing and Holding a Data Agent to Account
  11. A Worked Aggregation for One Supplier
M3 Telling Settlement What You Contracted Ch 34-43
  1. The Notification That Turns a Trade into a Settlement Input
  2. The Balancing Unit as a Settlement Account
  3. Which Unit a Volume Should Be Notified Against
  4. Gate Closure and the Last Chance to Notify
  5. Netting a Day of Bilateral Trades into One Position
  6. How Exchange-Cleared Volume Reaches Your Account
  7. When Two Parties Notify Different Numbers
  8. The Cost of a Notification Nobody Filed
  9. Credit Cover Held Against a Notified Position
  10. A Worked Notification Set for One Trading Day
M4 Calculating the Imbalance Volume Ch 44-53
  1. The Imbalance Volume Defined Period by Period
  2. Short and Long in a Settlement Context
  3. Accepted Balancing Actions Inside the Calculation
  4. Generation Accounts and Demand Accounts Treated Differently
  5. Netting Across Units and When It Is Allowed
  6. How an Interconnector Appears in a Settlement Run
  7. Building Your Own Shadow Imbalance Calculation
  8. Finding the Period Where Two Calculations Diverge
  9. A Worked Imbalance for a Single Half Hour
  10. A Worked Day of Forty-Eight Periods
M5 The Imbalance Price and How It Is Made Ch 54-65
  1. Why the Cash-Out Price Is Not a Market Price
  2. The Raw Material: Instructed Actions and Their Prices
  3. Single Price and Dual Price Arrangements Compared
  4. Averaging the Most Expensive Actions
  5. Flagging and Excluding Actions Taken for Other Reasons
  6. The Replacement Value Used When Actions Run Out
  7. The Main Price and the Reverse Price
  8. Asymmetry and What It Costs a Flexible Plant
  9. Where the Published Price Data Lives
  10. Reading a Price Series After the Event
  11. How Often a Published Price Is Later Restated
  12. A Worked Cash-Out for Both Sides of One Day
M6 What Being Imbalanced Actually Cost Ch 66-75
  1. Turning a Settlement Outcome into Cost per Megawatt Hour
  2. Attributing a Settlement Loss, Part One: Volume Causes
  3. Attributing a Settlement Loss, Part Two: Price Causes
  4. Reporting Imbalance Cost Where Someone Will Act on It
  5. Small Units, Exemptions and Simplified Treatment
  6. A Supplier Book and a Generator Book Side by Side
  7. Charges for Failing to Deliver an Instructed Volume
  8. Things That Look Like Imbalance and Are Not
  9. When the Cheapest Answer Was to Stay Imbalanced
  10. A Worked Attribution for a Losing Week
M7 Reconciliation Runs and Volume Restatement Ch 76-86
  1. The Sequence of Settlement Runs and What Each Is For
  2. What Moves Between One Run and the Next
  3. Profiled Volume Trued Up as Real Readings Arrive
  4. The Group Correction Factor and Who Funds It
  5. A Loss Factor Restated After the Fact
  6. Erroneous Transfers and Volume That Follows a Customer
  7. A Disputed Reading Working Through the Runs
  8. Is a Run-to-Run Movement Material to the Desk?
  9. Tracking the Movement Period by Period
  10. Adjustment After the Final Run Has Closed
  11. A Worked Comparison of Two Runs
M8 The Settlement Invoice and Its Other Lines Ch 87-97
  1. What Arrives After Delivery and From Whom
  2. The Daily Balancing Cash Flow
  3. Reading the Central Settlement Invoice
  4. The Balancing Services Charge Levied on Volume
  5. Transmission and Distribution Charges on the Bill
  6. Levies and Obligation Costs Recovered Per Unit
  7. Agent, Metering and Administration Fees
  8. Credits, Rebates and Amounts Flowing Back
  9. The Invoice You Issue to a Customer
  10. Payment Dates, Interest and Default
  11. The Charge That Sat Unchallenged for Two Years
M9 Reconciling, Querying and Controlling Ch 98-108
  1. The Three-Way Match in a Power Settlement
  2. Laying Out a Period-Level Variance Sheet
  3. Tying the Settled Volume Back to the Trade Blotter
  4. Narrowing an Unexplained Difference to One Feed
  5. Querying the Central Body and Querying an Agent
  6. The Deadlines That Kill a Good Argument
  7. Why the Disputed Amount Gets Paid Anyway
  8. The Evidence That Actually Moves a Settlement Figure
  9. Shadow Settlement as a Standing Control
  10. Accruing Settlement Cost Before the Runs Arrive
  11. Back-Testing the Accrual Against What Settled
M10 A Settled Month, End to End Ch 109-116
  1. Separating Settlement Duties Inside a Small Team
  2. Capstone, Part One: Data and Notification
  3. Capstone, Part Two: Volume and Price
  4. Capstone, Part Three: Invoice, Query and Accrual
  5. Explaining the Month to a Trading Manager
  6. Carrying a Settlement View into Other Work
  7. What Settlement Data Cannot Tell You
  8. A Settlement Arrangement You Have Not Seen Before

The brochure gives each of these 116 chapters a paragraph on what it covers and what you can do once you have worked through it.

This is course 8 of twenty

It stands alone, and it is also the entry point to the Power and Electricity Desk Academy pathway.

Enrol or enquire See the whole pathway