Definition
VEE (ValidationThe first step in VEE - automated checks of metering data against technical and logical limits to detect obviously erroneous values., EstimationThe second step in VEE - calculation of missing or rejected metering values based on historical patterns, neighbouring meters or statistical models. and EditingThe third step in VEE - manual correction of metering values that cannot be resolved automatically, with full audit trail for all changes.) is the data qualityThe degree of accuracy, completeness and reliability in a dataset - critical for correct billing and balance settlement in the power sector. process applied to metering values before they are used for billing and balance settlementFinancial settlement between BRPs and the system operator for energy imbalances in a given period.. Validation checks readings for completeness, plausibility and conformance with technical limits. Estimation replaces missing or rejected readings with calculated values based on historical patterns and neighbouring meters. Editing allows authorised users to manually correct erroneous readings. VEE is an international standard applied across Nordic and European electricity markets, and is typically implemented in MDMMeter Data Management - system for collection, storage, quality assurance and distribution of metering data from the electricity grid. systems.