Examples of Settlement Period in a sentence
Standards - Settlement process Overview The daily Settlement Process starts after the finalisation of the daily Accounting Process for all TSOs as well as the reception of DAMPs from all TSOs. In the framework of the Settlement Process, the Coordination Centres determine: Settlement Prices for FCP Energy, RP Energy and UE for each XXX-XXX Settlement Period Monetary values for FCP Energy, RP Energy and UE for each XXX-XXX Settlement Period, equivalent to the multiplication of volumes and prices.
It is equal to the product of the notified K-factor with the average frequency deviation for each XXX-XXX Settlement Period and each LFC area.
The inputs needed for these calculations shall be: The K-factor per LFC Area or LFC Block; The average of the frequency deviation over each XXX-XXX Settlement Period; The aggregated external schedules (ANES) The volumes of UE Energy for each XXX-XXX Settlement Period.
XXX-XXX Settlement Period The XXX-XXX Settlement Period is the time period for which the Settlement Process is performed.
Δf (frequency deviation) Δf represents the average value of the frequency deviation per second, relative to the nominal system frequency in the Synchronous Area per XXX-XXX Settlement Period.