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Is the Real-Time Balancing Energy Services Market a “spot market”?

April 26, 2017energy market real-time Services spot market

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Is the Real-Time Balancing Energy Services Market a “spot market”?

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The Real-Time Balancing Energy Services Market is not a true “spot market”. Primary objectives for Balancing Energy Service is insuring that Regulation Service in either direction is not depleted during operational interval, managing system balance, and addressing transmission congestion.