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I so hello everybody and welcome to todays webinar on imbalance settlement Im David Thomas I work in the market analysis team within Alecs on todays session is an introduction to imbalance settlement so I try to cover all the main topics but of course if theres any more information you need afterwards please dont hesitate to contact us so what am i planning to talk to you about today well Ill start off with the core principles of imbalance settlement then Ill move on to talking about contracts and how parties trade with one another Ill then talk about how we collect data from the metering and how thats allocated to various parties and then move on to National Grid and the actions that they take to balance the electricity system Ill then talk about how settlement happens for both volume and the price thats used for that settlement and then Ill finish by just a quick overview of B mrs and where you can find further information so a core principles of imbalance settlement no