Search for: Search Home About Commissioning Handbook Materials FAQ News Contact LinkedInSlideShareNewsletter Search for: Search ONLINE SERVICE » Home About Commissioning Structures New Market Participant Structure Lists How to Verify Structures BRP List RE List DSO List MGA List Handbook Materials News Contact eSett is a joint company providing imbalance settlement services to participants of electricity markets in Finland, Norway and Sweden. About Our mission is to provide harmonized operational preconditions for imbalance settlement in Finland, Norway and Sweden. eSett will, on behalf of the three TSOs, take over the operational responsibility for imbalance settlement and invoicing for the market participants in Finland, Norway and Sweden by the commissioning of the Nordic imbalance settlement model during the year 2017. eSett will, from the start of the Nordic imbalance settlement, provide imbalance settlement services to the electricity market participants in Finland, Norway and Sweden. eSett Oy is a company formed and jointly owned by the three Nordic Transmission System Operators (TSO) Fingrid Oy, Statnett SF and Svenska kraftnät. eSett in brief eSett Oy is headquartered in Finland and was founded in 2013. Is jointly owned by the three Nordic Transmission System Operators Fingrid (Finland), Statnett (Norway) and Svenska kraftnät (Sweden). Each TSO holds an equal share in the company. eSett will, from the start of the Nordic imbalance settlement, provide imbalance settlement services to the electricity market participants in Finland, Norway and Sweden. eSett operations There must always be a balance between supply and consumption of electricity. To achieve this, the TSOs use balancing power procured in the balancing power market. Imbalances arise from uncertainties in plans and failures in generation, consumption and grid. Imbalance settlement is therefore a necessary function in a commercial based electricity market. Historically, Fingrid, Svenska kraftnät and Statnett each have been operating the national imbalance settlement and have been responsible for supervising the balance of the electricity systems in Finland, Sweden and Norway respectively. In 2010, Fingrid, Svenska kraftnät and Statnett agreed to form a joint project with the objective to establish a common imbalance settlement for three of the Nordic countries called Nordic Imbalance Settlement (NBS). eSett Oy is a company formed and jointly owned by these three Nordic Transmission System Operators (TSO) Fingrid Oy, Statnett SF and Svenska kraftnät. Each TSO holds an equal share in the company. The company is headquartered in Helsinki, Finland and was formed in the beginning of 2013 to support the transition towards a harmonized model for imbalance settlement. The company will ultimately, on behalf of the three TSOs, take over the operational responsibility for imbalance settlement and invoicing for the market participants in Finland, Norway and Sweden by the commissioning of the Nordic imbalance settlement model during the year 2016. The common Nordic Imbalance Settlement is supported by the governments and regulators in the Nordic countries and is regarded as an important step towards a fully functional common Nordic retail market. From this objective, a joint service company, eSett, was initiated. You can learn more about eSett and imbalance settlement in general from the animation video below. eSett Oy Läkkisepäntie 21, 00620 Helsinki, Finland Settlement Service Tel. +358 10 501 8500 Business-ID: 2582499-7 Contact us » Copyright 2013-2015 eSett Oy. All rights reserved.