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Why is the Interchange Authority’s role restricted to bilateral transactions?

April 26, 2017authority bilateral interchange transactions

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Why is the Interchange Authority’s role restricted to bilateral transactions?

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Because the sole purpose of the Interchange Authority is to bring the financial “deal” between Purchasing-Selling Entities across Balancing Areas to physical implementation. Financial transactions within markets are handled by the Market Operator and do not need the services of the Interchange Authority.