Balancing Service Provider (BSP)
A Balancing Service Provider (BSP) is a market participant with approved pre-qualified units or groups, who has signed a valid BSP agreement with Svenska kraftnät, and thus can offer balancing services (FCR, aFRR and mFRR) to Svenska kraftnät.
About BSP and BRP
The actor roles BSP and BRP were introduced on May 1, 2024, replacing the previous role of balance responsible.
Read more about the implementation here (in Swedish) (Införande av aktörsrollerna BSP och BRP | Svenska kraftnät (svk.se))
Being a BRP is a prerequisite to become a BSP
Until further notice, a potential BSP must first sign a BRP agreement with Svenska kraftnät in order to become a BSP. Furthermore, the BRP must have balance responsibility for all connection points from which the BSP intends to provide balancing services.
More information about balance responsibility and the process to become a BRP can be found here: Balance responsible party (BRP)
Becoming a BSP BSP agreement Balance settlement