Analysis of Platform and Balancing Agreements
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.
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.