Up- and down-regulation prices from the Nordic balancing market. Data from eSett at 15-minute resolution. The spread between regulation prices and spot reveals the value of flexibility.
mFRR (manual Frequency Restoration Reserve) is activated when the power system needs balancing. Up-regulation prices apply when there is a deficit (price above spot), and down-regulation prices when there is a surplus (price below spot). The spread between these prices represents the value of flexibility.
Data is shown at 15-minute resolution for Norwegian price areas. The chart shows regulation prices overlaid with the derived spot price, while the direction histogram shows how often each regulation type occurs.
Balancing market data from eSett Open Data.