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topics:balance_responsible_party [2026/03/30 17:14] – admintopics:balance_responsible_party [2026/04/13 14:18] (current) – klaus.kubeczko_ait.ac.at
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 <WRAP catbadge>Actors and Stakeholders</WRAP> <WRAP catbadge>Actors and Stakeholders</WRAP>
  
-====== Balance responsible party ======+====== Balancing responsible party ======
  
 <WRAP meta> <WRAP meta>
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 <WRAP insight> <WRAP insight>
-A Balance Responsible Party (BRP) is a market participant (such as an energy supplier, generator, or trader) that takes on the responsibility of balancing electricity supply.+A Balancing Responsible Party (BRP) is an actor (such as an energy supplier, generator, or trader) in EU's energy systems that takes on the responsibility of balancing electricity supply.
 </WRAP> </WRAP>
  
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 ===== Shared definitions ===== ===== Shared definitions =====
  
-A balance responsible party (BRP) is a company that can handle balance responsibility for production and consumption units and for electricity trades. The role gives access to the day-ahead market, the intraday market, and the balancing market, allowing a BRP to operate in both the electricity market and the balancing market. A BRP is financially responsible for imbalances and deviations between planned and actual production, consumption, and trade of power. By agreement with the transmission system operator, a BRP may also deliver ancillary services if technical and legal requirements are met.((Energinet. (2023). Become a balance responsible party. https://en.energinet.dk/electricity/new-player/become-a-balance-responsible-party/ Accessed 8 September 2023.))+A balancing responsible party (BRP) is an organisational unit within the EU energy system that handles balancing responsibility for production and consumption units and for electricity trades. The role gives access to the day-ahead market, the intraday market, and the balancing market, allowing a BRP to operate in both the electricity market and the balancing market. A BRP is financially responsible for imbalances and deviations between planned and actual production, consumption, and trade of power. By agreement with the transmission system operator, a BRP may also deliver ancillary services if technical and legal requirements are met.((Energinet. (2023). Become a balancing responsible party. https://en.energinet.dk/electricity/new-player/become-a-balance-responsible-party/ Accessed 8 September 2023.))
  
 ===== Perspectives ===== ===== Perspectives =====