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 3 of 378 terms
Energy domainBalance Settlement
Process where the difference between planned and actual power exchange is reconciled - essential for the power market to function.
≈Imbalance Settlement
🇳🇴🇸🇪🇫🇮🇩🇰
Energy domainBalance Settlement
Financial settlement between BRPs and the system operator for energy imbalances in a given period.
≈imbalance settlement
🇳🇴🇸🇪🇫🇮🇩🇰
Industry & actorsNeweSett
The company performing imbalance settlement for balance responsible parties across the Nordics, jointly owned by the four transmission system operators.
🇳🇴🇸🇪🇫🇮🇩🇰
Do these terms resonate with your day-to-day in the energy sector?
Let's have a conversation →