Balancing markets in the EU
What is system balancing and how is it operationalised in the EU and across Member States? Learn from the best in online training with our experts.
What you'll learn
This online training explains why balancing markets exist, how they are designed based on the EU regulation, and how they actually work in practice, from reservation, cross-border activation and imbalance settlement.
Participants will gain a clear, structured understanding of the EU balancing framework, the role of TSOs and market parties, and the critical design choices that shape prices, incentives and system security.
Finally, we will take a look at the ongoing integration of balancing markets, core challenges and opportunities ahead.
Topics treated in this training
- Why balancing markets exist
- Balancing products and processes
- EU market integration and platforms
- Imbalance settlement and price formation
- What to expect for the future balancing markets
- Key takeaways
Why join this training?
Compare key concepts: Understand the difference between balancing responsibility, balancing services and imbalance pricing and how they and the actors involved interact.
Build a strong foundation: Gain a clear overview of EU balancing market architecture, from system needs to products and regulatory implementation under the EBGL.
Follow the process timeline: See how balancing fits into the electricity market sequence - from day-ahead to intraday to real-time activation and imbalance settlement.
Deepen your knowledge: Learn how flexible assets access balancing markets, what products they can offer, and how revenues are generated.
Explore real-world cases: Discuss concrete examples of balancing activation, price spikes, and effects of balancing market integration, including lessons from recent market stress events.
For whom?
Fundamental level
This training is useful as much for market actors expanding their activities into balancing markets, flex providers and aggregators, as for energy-system professionals advancing their careers at transmission system operators or regulators.
It is ideal for participants with a basic understanding of electricity markets, looking to deepen their knowledge of the balancing markets, processes and products in the EU.
We recommend signing up for EU Electricity Markets – Fundamentals before joining this training. To complete the learning experience, we recommend also signing up for The What, Why and How of Energy System Flexibility training.
Meet the trainer(s)
Ksenia Tolstrup
Dr. Ksenia Tolstrup is a seasoned expert in the European electricity markets and system services, balancing and congestion management. Throughout her career, she has worked alongside all types of electricity system stakeholders, from system operators and market parties to regulators and ministries. She builds upon over a decade analysis & modelling of EU electricity markets in all timeframes and their regulation. Ksenia is a renowned and published author on EU electricity market coupling, model-based analysis of European electricity balancing markets and business model innovation in the flexibility domain.
Carlos Úbeda
Carlos has 7+ years of experience in European electricity markets, with a particular focus on balancing markets, flexibility, and power system operations. He brings strong expertise in balancing market design and analysis, cross-border capacity calculation, and the regulatory and operational drivers shaping European power markets.
Training materials
Participants will receive the training presentation, supporting media, and a curated list of recommended readings after the session.
Other training options
Upon request, we also offer tailor-made trainings for smaller groups of participants on topics such as
- European Electricity markets with a specific focus on country-specific situations and concrete examples from Germany, Austria, Netherlands, Belgium, the Nordics, etc.
- Regulatory underpinnings of EU electricity markets
The Magnus Energy Academy offers online, on-site, and blended trainings for groups of six or more participants, with tailor-made options available to meet specific training needs. For further alignment and pricing details, please feel free to contact us at academy@magnusenergy.com
Balancing markets in the EU
What is system balancing and how is it operationalised in the EU and across Member States? Learn from the best in online training with our experts.
What you'll learn
This online training explains why balancing markets exist, how they are designed based on the EU regulation, and how they actually work in practice, from reservation, cross-border activation and imbalance settlement.
Participants will gain a clear, structured understanding of the EU balancing framework, the role of TSOs and market parties, and the critical design choices that shape prices, incentives and system security.
Finally, we will take a look at the ongoing integration of balancing markets, core challenges and opportunities ahead.
Topics treated in this training
- Why balancing markets exist
- Balancing products and processes
- EU market integration and platforms
- Imbalance settlement and price formation
- What to expect for the future balancing markets
- Key takeaways
Why join this training?
Compare key concepts: Understand the difference between balancing responsibility, balancing services and imbalance pricing and how they and the actors involved interact.
Build a strong foundation: Gain a clear overview of EU balancing market architecture, from system needs to products and regulatory implementation under the EBGL.
Follow the process timeline: See how balancing fits into the electricity market sequence - from day-ahead to intraday to real-time activation and imbalance settlement.
Deepen your knowledge: Learn how flexible assets access balancing markets, what products they can offer, and how revenues are generated.
Explore real-world cases: Discuss concrete examples of balancing activation, price spikes, and effects of balancing market integration, including lessons from recent market stress events.
For whom?
Fundamental level
This training is useful as much for market actors expanding their activities into balancing markets, flex providers and aggregators, as for energy-system professionals advancing their careers at transmission system operators or regulators.
It is ideal for participants with a basic understanding of electricity markets, looking to deepen their knowledge of the balancing markets, processes and products in the EU.
We recommend signing up for EU Electricity Markets – Fundamentals before joining this training. To complete the learning experience, we recommend also signing up for The What, Why and How of Energy System Flexibility training.
Meet the trainer(s)
Ksenia Tolstrup
Dr. Ksenia Tolstrup is a seasoned expert in the European electricity markets and system services, balancing and congestion management. Throughout her career, she has worked alongside all types of electricity system stakeholders, from system operators and market parties to regulators and ministries. She builds upon over a decade analysis & modelling of EU electricity markets in all timeframes and their regulation. Ksenia is a renowned and published author on EU electricity market coupling, model-based analysis of European electricity balancing markets and business model innovation in the flexibility domain.
Carlos Úbeda
Carlos has 7+ years of experience in European electricity markets, with a particular focus on balancing markets, flexibility, and power system operations. He brings strong expertise in balancing market design and analysis, cross-border capacity calculation, and the regulatory and operational drivers shaping European power markets.
Training materials
Participants will receive the training presentation, supporting media, and a curated list of recommended readings after the session.
Other training options
Upon request, we also offer tailor-made trainings for smaller groups of participants on topics such as
- European Electricity markets with a specific focus on country-specific situations and concrete examples from Germany, Austria, Netherlands, Belgium, the Nordics, etc.
- Regulatory underpinnings of EU electricity markets
The Magnus Energy Academy offers online, on-site, and blended trainings for groups of six or more participants, with tailor-made options available to meet specific training needs. For further alignment and pricing details, please feel free to contact us at academy@magnusenergy.com
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