Marginal Price means the price determined at a particular Auction to be paid by all the Registered Participants for each MW and hour of acquired Long Term Transmission Right;
Marginal Price means the price determined at particular Auction to be paid by all the Registered Participants for each MW and hour of acquired Daily Transmission Right; National Regulatory Authorities means the regulatory authorities referred to in Article 35(1) of Directive 2009/72/EC as it may be, similar national legislation; Nomination means the notification of the use of Transmission Rights by a Physical Transmission Rights holder and, where applicable, by their counterparty, or an authorized third party, to the respective Transmission System Operator(s); Nomination Rules means the rules with regard to the notification of use of Physical Transmission Rights holder and their counterparty, or an authorized third party, to the respective Transmission System Operator(s); Participation Agreement means, the agreement, by which the Parties undertake to comply with the terms and conditions for Daily Capacity Allocation as contained in these Allocation Rules; Party/Parties means the Allocation Platform and/or a Registered Participant referred to individually as Party or collectively as Parties; Physical Transmission Right means a right entitling its holder to physically transfer a certain volume of electricity in a certain period of time between two Bidding Zones in a specific direction; Pre-Bid means a pair of Bid Quantity and Bid Price offered by a Registered Participant participating in an Auction before the bidding gate opens; Product Period means the time and date on which the right to use Transmission Rights commences and the time and date on which the right to use the Transmission Rights ends. For daily Allocation the Product Period covers a calendar day of a period of 24 hours beginning at 0:00 and ending at 23:59:59. The days on which the legal time changes (daylight saving time) will be composed of either 23 hours or 25 hours; Registered Participant means a market participant which has entered into a Participation Agreement with the Allocation Platform; Rights Document means a document containing the information of the maximum amount of allocated Transmission Rights that can be nominated by a market participant per Bidding Zone border per day per hour and per direction taking into account the volume of Transmission Rights initially acquired and any possible curtailments which occurred before the issuance of the Rights Document; Transmission Right means for the purposes of these Daily Allocation Rules a Physical Transmission Right acquired through the daily auction;...
Marginal Price means the price determined at particular Auction to be paid by all the Registered Participants for each MW and hour of acquired Daily Transmission Right; Participation Agreement means the agreement, by which the Parties undertake to comply with the terms and conditions for capacity allocation as contained in these Allocation Rules; Party/Parties means the Allocation Platform and/or a Registered Participant referred to individually as Party or collectively as Parties; Physical Transmission Right means a right entitling its holder to physically transfer a certain volume of electricity in a certain period of time between two Bidding Zones in a specific direction; Pre-bid means a pair of Bid Quantity and Bid Price offered by a Registered Participant participating in an Auction before start of a Bidding Period; Pre-bidding Period means the time period within which the Registered Participants wishing to participate in an Auction may submit their Pre-bids; Product Period means the time and date on which the right to use the Daily Transmission Right commences and the time and date on which the right to use the Daily Transmission Right ends;
Examples of Marginal Price in a sentence
Expected Load Reduction: For purposes of determining the Real-Time Locational Based Marginal Price, the reduction in Load expected to be realized in real-time from activation of the Emergency Demand Response Program and from Load reductions requested from Special Case Resources, as established pursuant to ISO Procedures.
If the CAISO reduces a submitted Real-Time Energy Self-Schedule for Resource Adequacy Capacity when that capacity is needed to meet an Ancillary Services requirement, the Ancillary Service Marginal Price for that capacity will be calculated in accordance with Sections27.1.2 and 40.6.1.
The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination.
The proxy value for each FTR path, which shall be calculated separately for on-peak and off-peak FTRs, will be based on the standard deviation observed in the difference between the average congestion components of the Locational Marginal Price in the Day- Ahead Energy Market at the path’s sink and source for the previous 36 months, with differing multipliers for annual and monthly FTRs and for prevailing flow and counter flow paths.
Basic Generation Service – Commercial and Industrial Energy Pricing or “BGS-CIEP” – electric generation service that is provided pursuant to the Applicable Legal Authorities at prices that include an energy charge component that varies on an hourly basis in accordance with changes in the load-weighted average Residual Metered Load aggregate Real-Time Locational Marginal Price (including Energy, congestion and marginal losses) for the Company’s Transmission Zone under the Company’s BGS-CIEP Tariffs.
More Definitions of Marginal Price
Marginal Price means the price determined at particular Auction to be paid by all the Registered Participants for each MW and hour of acquired Daily Transmission Right; National Regulatory Authorities means the regulatory authorities referred to in Article 35(1) of Directive 2009/72/EC or, as it may be, similar national legislation; Participation Agreement means the agreement, by which the Parties undertake to comply with the terms and conditions for capacity allocation as contained in these Allocation Rules; Party/ Parties mean the Allocation Platform and/or a Registered Participant referred to individually as Party or collectively as Parties; Physical Transmission Right means a right entitling its holder to physically transfer a certain volume of electricity in a certain period of time between two Bidding Zones in a specific direction; Product Period means the time and date on which the right to use the Daily Transmission Right commences and the time and date on which the right to use the Daily Transmission Right ends;
Marginal Price means the price determined at a particular auction to be paid by all the registered participants for each MW and hour of acquired long term transmission right;
Marginal Price means the lowest winning Bid received by BritNed in an Auction and equal or higher than the Reserve Price in accordance with Rule C6;
Marginal Price means the price determined at particular Auction to be paid by all the Registered Participants for each MW and hour of acquired Long Term Transmission Right; National Regulatory Authorities means the the regulatory authorities referred to in Article 35(1) of Directive 2009/72/EC as it may be, similar national legislation; Participation Agreement means the agreement, by which the Parties undertake to comply with the terms and conditions for Cross Zonal Capacity Allocation as contained in these Allocation Rules; Party/ Parties means the Allocation Platform and/or a Registered Participant referred to individually as Party or collectively as Parties; Physical Transmission Right means a right entitling its holder to physically transfer a certain volume of electricity in a certain period of time between two bidding zones in a specific direction; Product Period means the time and date on which the right to use the Long Term Transmission Right commences and the time and date on which the right to use the Long Term Transmission Right ends; Reduction Period means a period of time, i.e. specific calendar days and/or hours, within the Product Period in which Cross Zonal Capacities with a reduced amount of MW are offered taking into account a foreseen specific network situation (e.g. planned maintenance, long-term outages, foreseen balancing problems);
Marginal Price means the price determined at particular Auction to be paid by all the Registered Participants for each MW and hour of acquired Daily Transmission Right; National Regulatory Authorities means the regulatory authorities referred to in Article 35(1) of Directive 2009/72/EC or, as it may be, similar national legislation; Nomination means the notification of the use of Cross Zonal Capacity by a Physical Transmission Rights holder and, its counterparty, or an authorized third party, to the respective Transmission System Operator(s); Nomination Rules means the rules with regard to the notification of use of Transmission Rights to the relevant Transmission System Operator(s); Participation Agreement means the agreement, by which the Parties undertake to comply with the terms and conditions for capacity allocation as contained in these Shadow Allocation Rules; Party/Parties mean the Allocation Platform and/or a Registered Participant referred to individually as Party or collectively as Parties; Physical Transmission Right means a right entitling its holder to physically transfer a certain volume of electricity in a certain period of time between two Bidding Zones in a specific direction; Product Period means the time and date on which the right to use the Daily Transmission Right commences and the time and date on which the right to use the Daily Transmission Right ends;
Marginal Price means the price determined at particular Auction to be paid by all the Registered Participants for each MW and hour of acquired Daily Transmission Right; National Regulatory Authorities means the regulatory authorities referred to in Article 35(1) of Directive 2009/72/EC; Nomination means the notification of the use of Daily Cross Zonal Capacity by a Physical Transmission Rights holder and its counterparty, or an authorized third party to the respective Transmission System Operator(s); Nomination Rules means the rules with regard to the notification of use of Physical Transmission Rights holder and their counterparty, or an authorized third party to the relevant Transmission System Operator(s); Participation Agreement means the agreement, by which the Parties undertake to comply with the terms and conditions for capacity allocation as contained in these Allocation Rules; Party/ Parties means the Allocation Platform and/or a Registered Participant referred to individually as Party or collectively as Parties; Physical Transmission Right means a right entitling its holder to physically transfer a certain volume of electricity in a certain period of time between two Bidding Zones in a specific direction; Pre-bid means a pair of Bid Quantity and Bid Price offered by a Registered Participant participating in an Auction before start of a Bidding Period; Pre-bidding Period means the time period within which the Registered Participants wishing to participate in an Auction may submit their Pre-bids; Product Period means the time and date on which the right to use the Daily Transmission Right commences and the time and date on which the right to use the Daily Transmission Right ends;
Marginal Price means the price determined at particular Auction to be paid by all the Registered Participants for each MW and hour of acquired Intraday Transmission Right; Nomination means the use of Intraday Cross Zonal Capacity by a Physical Transmission Rights holder, or an authorized third party, to the respective Transmission System Operator(s); Nomination Rules means the rules with regard to the notification of use of Transmission Rights to the respective Transmission System Operator(s); Participation Agreement means the agreement by which the Parties undertake to comply with the terms and conditions for Cross Zonal Capacity Allocation as contained in these Allocation Rules; Party / Parties means the Allocation Platform and/or a Registered Participant referred to individually as Party or collectively as Parties; Physical Transmission Right means a right entitling its holder to physically transfer a certain volume of electricity in a certain period of time between two Bidding Zones in a specific direction; Pre-Bid means a pair of Bid Quantity and Bid Price offered by a Registered Participant participating in an Auction before the bidding gate opens; Product Period means the time and date on which the right to use the Intraday Transmission Right commences and the time and date on which the right to use the Intraday Transmission Right ends; Registered Participant means a market participant which entered into the Participation Agreement with the Allocation Platform; Rights Document means a document containing the information of the maximum allocated Physical Transmission Rights that can be nominated by a market participant per Bidding Zone border per day per hour and per direction, taking into account the volume of rights initially acquired, and any possible curtailments which occurred before the issuance of the Rights Document.;