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--- topics:balance_responsible_party [2026/04/13 14:15] – klaus.kubeczko_ait.ac.at
+++ topics:balance_responsible_party [2026/04/13 14:18] (current) – klaus.kubeczko_ait.ac.at
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 ===== 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 =====