Balance Responsibility Agreement

The imbalance settlement is carried out in accordance with Electricity Balancing Rules, November 2019. 

Pursuant to the Rules on Licenses for Performing Energy Activity and on Managing the Register of Issued and Revoked Licenses and Amendments to the Rules (Official Gazette no.88/15, 114/15) Croatian Energy Regulatory Agency shall issue licences to perform energy activities.

Having obtained the license the suppliers, electricity producers and traders shall conclude the Balance Responsibility Agreement whereby they obtain a status of a Balance Group Manager on the Croatian electricity market.

As provided for in the Rules for organizing electricity market number and type of members within a balancing group are not limited, and it may consist of one or more market participants one of which is the balancing group manager.

Balance responsibility agreement regulates the responsibility of the balancing group manager for imbalances of all members of the balancing group.

The procedure for concluding the Balance Responsibility Agreement:

• BGM submits fulfilled Application for concluding Balance Responsibility Agreement. Upon reception of request HOPS checks the accuracy of given data and submitted attachments
• Based on data given in the Application, HOPS fills out the Balance Responsibility Agreement form, calculates the amount of payment insurance, and forwards the documents to BGM for signing. The payment insurance instrument shall be one indicated by BGM in the Application referred to above and to the amount calculated by HOPS. 

If the bank guarantee is chosen as payment insurance instrument, the appropriate bank guarantee form shall be used.

• The Application form with the required attachments and signed Balance Responsibility Agreement shall be sent to the following address:

Hrvatski operator prijenosnog sustava d.o.o., Kupska 4, 10 000 Zagreb

As a result of a current market conditions, all BGM’s that have signed Balance responsibility Agreements before 09.03.2022. should sign the Annex to the Agreement which regulates the right of HOPS to request the delivery of additional means of payment security, depending on the movement of the amount of financial obligations of BGM under the Agreement.

For all other information or questions, please send email here.

Note: All forms in English are non-binding unofficial translations (In case of discrepancies between Croatian text and English text, the Croatian text shall prevail)