TITLE IU.K. GENERAL PROVISIONS

Article 3U.K.Objectives and regulatory aspects

1.This Regulation aims at:

(a)fostering effective competition, non-discrimination and transparency in balancing markets;

(b)enhancing efficiency of balancing as well as efficiency of F1... national balancing markets;

(c)integrating balancing markets and promoting the possibilities for exchanges of balancing services while contributing to operational security;

(d)contributing to the efficient long-term operation and development of the electricity transmission system and electricity sector F2... while facilitating the efficient and consistent functioning of day-ahead, intraday and balancing markets;

(e)ensuring that the procurement of balancing services is fair, objective, transparent and market-based, avoids undue barriers to entry for new entrants, fosters the liquidity of balancing markets while preventing undue [F3market distortions];

(f)facilitating the participation of demand response including aggregation facilities and energy storage while ensuring they compete with other balancing services at a level playing field and, where necessary, act independently when serving a single demand facility;

(g)facilitating the participation of renewable energy sources and [F4supporting the achievement of any target specified in an enactment for the share of energy from renewable sources].

2.When applying this Regulation, [F5the Secretary of State, the regulatory authority], and system operators shall:

(a)apply the principles of proportionality and non-discrimination;

(b)ensure transparency;

(c)apply the principle of optimisation between the highest overall efficiency and lowest total costs for all parties involved;

(d)ensure that TSOs make use of market-based mechanisms, as far as possible, in order to ensure network security and stability;

(e)ensure that the development of the forward, day-ahead and intraday markets is not compromised;

(f)respect the responsibility assigned to the relevant TSO in order to ensure system security, including as required by [F6any enactment];

(g)consult with relevant DSOs and take account of potential impacts on their system;

(h)take into consideration agreed F7... standards and technical specifications.

Textual Amendments