Framework for energy market communications Settlement and reconciliation business process, contextual and assembly models for European market

Available format(s)

Hardcopy , PDF

Language(s)

English

Published date

07-20-2017

Publisher

British Standards Institution

Based on the European style market profile (ESMP) (IEC 62325-351), this part of IEC 62325- 451 specifies a package for the settlement and reconciliation business process and the associated document contextual model, assembly model and XML schema for use within European style markets.

The relevant aggregate core components (ACCs) defined in IEC 62325-351 have been contextualised into aggregated business information entities (ABIEs) to satisfy the requirements of this business process. The contextualised ABIEs have been assembled into the relevant document contextual models. Related assembly models and XML schema for the exchange of information between market participants are automatically generated from the assembled document contextual models.

This part of IEC 62325 provides a uniform layout for the transmission of aggregated data in order to settle the electricity market. It is however not the purpose of this document to define the formula to be taken into account to settle or reconcile a market. The purpose of this document is only to enable the information exchange necessary to carry out the computation of settlement and reconciliation.

The settlement process or reconciliation process is the way to compute the final position of each market participant as well as its imbalance amounts.

Committee	PEL/57
DevelopmentNote	Supersedes 14/30293358 DC. (04/2015)
DocumentType	Standard
Pages	66
PublisherName	British Standards Institution
Status	Current
Supersedes	BS EN 62325-451-4:2015 14/30293358 DC : 0

Standards	Relationship
IEC 62325-451-4:2017	Identical
EN 62325-451-4:2017	Identical

EN 62325-301:2014	Framework for energy market communications - Part 301: Common information model (CIM) extensions for markets
IEC 62325-450:2013	Framework for energy market communications - Part 450: Profile and context modelling rules
IEC 61970-301:2016	Energy management system application program interface (EMS-API) - Part 301: Common information model (CIM) base
EN 62361-100:2016	Power systems management and associated information exchange - Interoperability in the long term - Part 100: CIM profiles to XML schema mapping
ISO/TS 15000-5:2005	Electronic Business Extensible Markup Language (ebXML) Part 5: ebXML Core Components Technical Specification, Version 2.01(ebCCTS)
IEC TS 61970-2:2004	Energy management system application program interface (EMS-API) - Part 2: Glossary
EN 62325-451-2:2014/AC:2016-08	FRAMEWORK FOR ENERGY MARKET COMMUNICATIONS - PART 451-2: SCHEDULING BUSINESS PROCESS AND CONTEXTUAL MODEL FOR CIM EUROPEAN MARKET (IEC 62325-451-2:2014/COR1:2016)
EN 62325-351:2016	Framework for energy market communications - Part 351: CIM European market model exchange profile
EN 62325-451-1:2017	Framework for energy market communications - Part 451-1: Acknowledgement business process and contextual model for CIM European market
IEC 62325-351:2016	Framework for energy market communications - Part 351: CIM European market model exchange profile
IEC 62361-100:2016	Power systems management and associated information exchange - Interoperability in the long term - Part 100: CIM profiles to XML schema mapping
EN 62325-450 : 2013	FRAMEWORK FOR ENERGY MARKET COMMUNICATIONS - PART 450: PROFILE AND CONTEXT MODELLING RULES (IEC 62325-450:2013)
IEC 61968-11:2013	Application integration at electric utilities - System interfaces for distribution management - Part 11: Common information model (CIM) extensions for distribution
IEC 62325-451-1:2017	Framework for energy market communications - Part 451-1: Acknowledgement business process and contextual model for CIM European market
IEC 62325-451-2:2014	Framework for energy market communications - Part 451-2: Scheduling business process and contextual model for CIM European market
CLC/TS 61970-2 : 2005	Energy management system application program interface (EMS-API) - Part 2: Glossary