International Standards and Conformity Assessment for all electrical, electronic and related technologies

TC 57

Power systems management and associated information exchange

 

Detail

Committee
Working Groups
Project Leader

Current

Status

Frcst Pub

Date

Stability

Date

TC 57WG 16 L. Anderson /MERGED 2019

History

Stage
Document
Downloads
Decision Date
Target Date
DECPUB
2019-06-20 
RPUB
2019-07-02 
BPUB
2019-07-162019-09
MERGED
2019-07-302019-09
  

Abstract

IEC 62325-451-4:2017 specifies a package for the settlement and reconciliation business process and the associated document contextual model, assembly model and XML schema for use within European style markets. The relevant aggregate core components (ACCs) defined in IEC 62325-351 have been contextualised into aggregated business information entities (ABIEs) to satisfy the requirements of this business process. The contextualised ABIEs have been assembled into the relevant document contextual models. Related assembly models and XML schema for the exchange of information between market participants are automatically generated from the assembled document contextual models.
This part of IEC 62325 provides a uniform layout for the transmission of aggregated data in order to settle the electricity market. It is however not the purpose of this document to define the formula to be taken into account to settle or reconcile a market. The purpose of this document is only to enable the information exchange necessary to carry out the computation of settlement and reconciliation.
The settlement process or reconciliation process is the way to compute the final position of each market participant as well as its imbalance amounts.
This new edition includes the following significant technical changes with respect to the previous edition:
- removal of the attributes “quantity” and “secondary quantity” of the class “Point”;
- introduction of the classes “Quantity” and "Reason" from IEC 62351-351 UML package.

Project

IEC 62325-451-4/FRAGF ED2

Framework for energy market communications - Part 451-4: Settlement and reconciliation business process, contextual and assembly models for European market