KNESS Energy’s Balancing Group

Energy market participants are facing an acute issue of optimizing the costs of settling imbalances:

• for industrial consumers – the difference between the forecast and actual volumes of electricity consumption;
• for RES producers —deviation of the forecast from the actual generation schedule. Addressing this issue requires new market solutions. And one of them is participation in balancing groups.

KNESS Energy’s Balancing Group is an association of energy market participants within which our company is fully responsible for the electricity balance of all other market participants that are members of this association. This interaction minimizes the cost of imbalance settlement for renewable energy producers and increases their competitiveness in the market.
Currently, KNESS Energy’s Balancing Group accounts for 40 solar power plants with an installed capacity of 180 MW.

Participation in the KNESS Energy’s Balancing Group is:
+ Reducing imbalance settlement costs by up to 80%.
+Guaranteed purchase and timely payment for the entire volume of electricity supplied.
+ Convenience and transparency: all data on settlements, imbalances, compensation, etc. are displayed in real-time in a personal account and stored in the cloud service.
+ Time saving: the company communicates with the transmission system operator to verify bills and settle settlement discrepancies.
+ No fee for participation in the balancing group.
+Quality and reliability: specialists with over 10 years of experience in the energy sector.

Learn more on the company’s website: https://trading.kness.energy/en/kness-energy-balancing-group/