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Analysis of Platform and Balancing Agreements

Business Team Discussion

Ensure full understanding of your obligations when participating in European gas and power markets. Correggio Consulting provides in-depth review and interpretation of platform rules, grid codes, and balancing agreements, enabling traders to operate confidently within complex operational and contractual frameworks.

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Our Services Include

Review of Trading Platform Rules

We analyse the rulebooks and participation agreements of power and gas trading platforms, including day-ahead, intraday, cross-border allocation, and balancing markets. Our reviews identify key operational obligations, settlement mechanics, data-exchange requirements, and compliance risks relevant to your trading strategy.

Examination of Grid Codes & Balancing Frameworks

Balancing responsibilities differ significantly across jurisdictions. We interpret national grid codes, TSO balancing methodologies, imbalance price calculations, and settlement arrangements. Our guidance ensures your organisation understands its responsibilities as a market participant or BRP.

Contractual Risk & Liability Assessment

We identify areas of contractual exposure in platform agreements and balancing frameworks, including imbalance liabilities, penalties, curtailment procedures, force majeure provisions, financial securities, and default scenarios. Clients receive clear explanations of how these risks affect trading operations.

Operational Process Mapping

We translate contractual obligations into operational workflows. This includes mapping nomination processes, scheduling responsibilities, gate-closure timelines, communication flows, metering data requirements, and settlement cycles. The outcome is a clear operational handbook tailored to the client’s internal teams.

Cross-Border Participation Requirements

Participation in coupled markets and regional balancing platforms often requires additional commitments. We review CCR-specific requirements, interconnection rules, cross-border capacity products, and TSO-to-TSO arrangements to ensure your trading model is fully compatible with regional frameworks.

Recommendations for Compliance & Process Optimisation

Following each contract analysis, we provide actionable recommendations to strengthen compliance, reduce operational risk, and improve internal alignment. This may include amendments to internal procedures, updates to BRP processes, enhancements to forecasting capabilities, or suggestions for contract modifications with TSOs or platforms.

Correggio Consulting Market Access Services

At Correggio Consulting, we offer a range of specialist services rooted in a profound understanding of the energy industry. Our service is underpinned by an extensive knowledge and experience of European and global markets at all levels of the value chain.

Local Entity Incorporation

 Set up your trading presence efficiently with full support on legal structuring, regulatory registrations, and local compliance obligations, ensuring a smooth and compliant market entry across gas and power markets

Corporate Structuring

Design and implement optimal corporate structures for energy trading activities, ensuring regulatory compliance, operational efficiency, and alignment with market access requirements across European gas and power markets

Obtaining a Licence

End-to-end support for securing the required energy trading licences, including regulatory analysis, business plan documentation, applications, and liaison with national authorities to ensure a compliant and timely market entry

Obtaining BRP Status

Comprehensive assistance in securing Balancing Responsible Party status, including regulatory assessment, documentation support, and coordination with system operators to enable compliant participation in national balancing and wholesale energy markets

Exchange Onboarding

Guidance through the full onboarding process with European energy exchanges, covering membership requirements, documentation, technical connectivity, and compliance steps to ensure seamless access to power and gas trading platforms

EFET Contract Negotiation

Expert support in drafting, reviewing, and negotiating EFET electricity and gas contracts, ensuring robust risk management, compliant trading arrangements, and alignment with your commercial and operational objectives

Analysis of Platform and Balancing Agreements 

Detailed review and assessment of platform participation and balancing agreements, ensuring compliance with national market rules, clarity of obligations, and alignment with your operational and trading strategy

Annual Compliance Audits

Independent annual reviews of your regulatory, operational, and contractual obligations, ensuring ongoing compliance with European energy market rules and identifying areas for optimisation and risk mitigation 

Get in Touch

Haachtsebaan 130, 3140

Keerbergen, Belgium

 + 32 (0)472 36 57 25

info@correggio-consulting.eu

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