Description
Calculate a signed energy imbalance and supplied settlement term.
Energy prices and charges depend on energy units, demand units, standing-charge days, tariff periods and settlement sign conventions. Purchased-energy losses differ from delivered-energy fractions, and signed prices can produce negative monetary terms. Nominal battery cost allocations are supplied scenarios rather than physical aging forecasts.
Calculate a signed energy imbalance and supplied settlement term.
When to use this tool
Use Balancing Price Imbalance Sign when you already have actualEnergy, scheduledEnergy, settlementPrice and need to calculate a signed energy imbalance and supplied settlement term.
How to use the tool and how it works
- Enter actualEnergy, scheduledEnergy, settlementPrice. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read imbalanceEnergy, signedSettlement. Use the output convention below.
Return actualEnergy-scheduledEnergy and multiply that signed imbalance by settlementPrice.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| actualEnergy | Actual Energy | Required. Finite number. |
| scheduledEnergy | Scheduled Energy | Required. Finite number. |
| settlementPrice | Settlement Price | Required. Finite number. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| imbalanceEnergy | actualEnergy-scheduledEnergy; direction is this supplied accounting convention. | Required. Finite number. |
| signedSettlement | Signed Settlement | Required. Finite number. |
{
"input": {
"actualEnergy": 12,
"scheduledEnergy": 10,
"settlementPrice": 20
},
"output": {
"imbalanceEnergy": 2,
"signedSettlement": 40
}
}Limitations and assumptions
- Signed inputs are retained. No market-specific imbalance direction, balancing mechanism, netting or payment obligation is inferred.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Reconcile the actual meter series, tariff, contract and billing definitions for an account or market question. Use a complete cash-flow or physical-energy model when needed; a single block overlap, index ratio or supplied settlement term cannot establish actual charges or performance.
References
Similar or alternative tools
- PPA Settlement Price Difference
Calculate a supplied PPA price-difference settlement term.
- Hourly Market Negative Price Charge
Calculate signed cost for supplied energy and a possibly negative price.