1 Introduction

2 Receive Balancing Actions (Includes SO-Flagging, CADL Flagged, Emergency Flagged)

3 Determine STOR action price

4 Formulate the Ranked Sets of Balancing Actions

5 Remove De Minimis and Arbitrage actions

6 Classification

7 Net Imbalance Volume (NIV) Tagging

8 Replacement Price

9 Price Average Reference Volume (PAR) Tagging

10 Buy Price Price Adjustment (BPA) / Sell Price Price Adjustment (SPA)

11 Final Calculation

12 Default rules – what happens when there is not enough priced volume?

13 Removal of Trans European Replacement Reserve Exchange (TERRE)

14 Further Information