IEC 62325-451-4:2014 ED1

Framework for energy market communications - Part 451-4: Settlement and reconciliation business process, contextual and assembly models for European market

Scope

IEC 62325-451-4:2014 specifies a package for the settlement and reconciliation business process and the associated document contextual model, assembly model and XML schema for use within European style markets. The relevant aggregate core components (ACCs) defined in IEC 62325-351 have been contextualised into aggregated business information entities (ABIEs) to satisfy the requirements of this business process. The contextualised ABIEs have been assembled into the relevant document contextual models. Related assembly models and XML schema for the exchange of information between market participants are automatically generated from the assembled document contextual models. This International Standard provides a uniform layout for the transmission of aggregated data in order to settle the electricity market.