Quarter-hourly settlement

In practice

For IT systems in the metering valueOne measurement from one metering point for one period of time. The building block all settlement rests on. chain this is first of all a question of volume: four times as many values per metering pointThe fundamental unit in Elhub - the unique point in the electricity network where energy is measured and settled, identified by an 18-digit GSRN number. per day, with corresponding effects on storage, validationThe first step in VEE - automated checks of metering data against technical and logical limits to detect obviously erroneous values. jobs, message volume towards ElhubNational hub for metering data and market processes in the Norwegian electricity market. and everything that computes aggregates. Systems dimensioned for hourly values do not necessarily cope with quarters unaided. Note that not all metering points have a 15-minute registration frequency - Elhub has separate rules for how values are determined for those that do not.

SEFTATvimenning’s VEE engine: validates, estimates and edits metering series with versioned time series and a full audit trail, before data goes to Elhub. handles 15-minute resolution on the values that become the settlementTurning metering data into money. Consumption and production per metering point become what each party owes or is owed. basis, not just the hourly variant older systems are dimensioned for.