Public consultation on the “Real-time price” design note II focused on the Imbalance Price formula evolutions

Context

This design note continues Elia's “Real-time Price” initiative, building upon the foundational concepts introduced in the first design note published in 2023. The initiative centres on the evolutions of the Imbalance Price, aiming to provide a robust and reliable price signal in real-time, supporting an effective decentralized balancing model and allowing assets which cannot participate explicitly to valorize their flexibility implicitly.

In this note, Elia focuses on the design of the price formula, which is the first pillar of the "Real-time price". The aspects related to the publication of the Imbalance Price, constituting the second pillar, are therefore not addressed here.

The objective of this design note is to serve as a waypoint on the reflections developed around the evolution of the Imbalance Price formula, by presenting the current state in a comprehensive and in-depth manner. We invite stakeholders to provide their feedback on this detailed vision, in order to enrich the ongoing reflections on the proposal of evolution of the formula, scheduled for next year.

Period

All stakeholders are kindly requested to provide their comments and suggestions. Feedback can be provided to Elia using the form below. 

The consultation period runs from April 4th to May 16th 2025.

After the consultation period, Elia will analyse all the comments and reactions of market participants and discuss them at a future meeting of the Working Group Energy Solutions. If you want your contribution to be treated confidentially, please explicitly mention this in your answer.