Clarity of terms
📅 Term of the dayOperational Technology (OT) →Systems and software that monitor and control physical equipment in industrial settings and power grids.Glossary
Terms from the Norwegian energy sector and technology - explained by practitioners who use them every day. Discover semantic connections and technical references. 378+ terms.
Showing 4 of 378 terms
Energy domainBalance Settlement
Financial settlement between BRPs and the system operator for energy imbalances in a given period.
≈balanseavregning
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Energy domainProfile settlement
Settlement against an assumed consumption curve instead of actual hourly readings. The counterpart to hourly settlement.
≈Profilavregning
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Energy domainQuarter-hourly settlement
Balance settlement and metering values at 15-minute resolution instead of hourly. Introduced in Elhub on 22 January 2024.
≈Kvartersavregning
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Energy domainSettlement
Turning metering data into money. Consumption and production per metering point become what each party owes or is owed.
≈Avregning
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