Today’s LiveWire Spotlight examines BAL-002-2 Draft 7, which looks to establish continent-wide uniformity in the performance expectations and reporting of a balancing contingency. This latest version extensively reconfigures the format and language of the requirements and Glossary terms in order to assure that Contingency Reserves will be available when needed.
The seventh draft of BAL-002-2 and its supporting materials have been posted for a 45 day review period with a concurrent ballot. Clients have until August 20, 2015 to return their feedback to the project team and vote on the standard.