Imbalance costs accumulate from nomination inaccuracies that are only visible after settlement statements arrive from TSOs, often 24 to 48 hours after delivery. Attributing penalty costs to specific forecast errors, scheduling delays, or nomination mismatches requires manual cross-referencing between ETRM data, TSO statements, and generation schedules, a process that can take days and offers no path to reducing systematic errors.
Built For
Back-office Settlement Analyst and Balance Responsible Party manager reconciling TSO settlement statements against nominated positions across a 1,500 MW portfolio
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Finance/Settlement
Reconciles TSO settlement statements against nominated positions and attributed imbalance penalties to specific operational or forecasting root causes.
Grid/Market Analyst
Correlates imbalance events with grid conditions, weather deviations, and balancing market price spikes to identify systemic drivers of settlement costs.
Risk Manager
Tracks nomination accuracy trends over time and models forward imbalance cost exposure to support hedging and operational improvement decisions.
Automated settlement volume decomposition that attributes imbalance penalties to specific forecast errors, nomination mismatches, and scheduling delays, with trend analysis to reduce systematic imbalance exposure over time.
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This month's imbalance bill was EUR 312k, with 58% traced to wind forecast errors on low-wind evening ramps, 27% to recurring under-nomination in hours 18-20, and the rest to scheduling delays. The same hour 19 under-nomination bias appears on 21 of 30 days, signalling a systematic, correctable error rather than random noise. Recommend a standing plus-3% evening nomination adjustment, which would have cut the monthly cost by an estimated EUR 84k.