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Press release

Trading Hub Europe completes third round of reviews pursuant to section 50 of the Cooperation Agreement

Berlin/Ratingen, 11 September 2023. Trading Hub Europe GmbH (THE) completes the third audit obligation in accordance with Section 50, Item 10 of the Cooperation Agreement (KoV). A total of 65 network balancing accounts had to comply with the obligation, for 36 network balancing accounts a significant and sustainable optimization possibility was identified. Zero penalty was implemented.

Background for the audit is based on the Evaluation Report on the Forecast Accuracy of Standard Load Profiles (SLP), first created in 2019, which identified that some network operators continued to exhibit consistently high, significant, and unusual network account deviations. In the years 2021 and 2022, as part of the mandatory audit, 142 network operators were already requested to undergo an audit. Out of these, 104 network operators were found to have significant and sustainable improvement potential. The corresponding measures for improvement had to be implemented by the network operators within one year.

Further information can be found in the summary report published on the THE website. It includes information regarding the relevant thresholds, the number of network operators contacted, the number of network operators that have identified significant and sustainable potential for improvement along with further information on the identified potential for improvement and the cumulative absolute network balancing account deviations over the past two years.

Summary report (available only in german language)

Press release

 

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