Market time unit definition
Market time unit means the time unit for the aFRR, the mFRR, and RR balancing capacity bids or the day-ahead market time unit (i.e. the period for which the balancing capacity bid price or the market price is established).
Market time unit means the period for which the market price is established or the shortest possible common time period for the two bidding zones, if their market time units are different;
Market time unit refers to the trading period in the reserve market. The Market Time Unit in the D-2-FCR Hourly Market, FCR Hourly Market, and FCR Yearly Market is one hour. Reserve Unit refers to a unit that fulfils the requirements concerning the provision of the reserve. A Reserve Unit can consist of one or more Reserve Resources. Reserve Resource refers to an individual resource capable of control: a power plant, consumption facility or energy storage facility.
Examples of Market time unit in a sentence
CACM 15 According CCR decision the Nordic capacity calculation region (Nordic CCR) is defined by the following bidding zone borders: a) Denmark 1 - Sweden 3 (DK1-SE3); b) Denmark 2 - Sweden 4 (DK2-SE4); c) Denmark 1 - Denmark 2 (DK1-DK2); d) Sweden 4 - Sweden 3 (SE4-SE3); e) Sweden 3 - Sweden 2 (SE3-SE2); f) Sweden 2 - Sweden 1 (SE2-SE1); g) Sweden 3 - Finland (SE3-FI); and h) Sweden 1 - Finland (SE1-FI) 3 Market time unit is currently one hour.
More Definitions of Market time unit
Market time unit means the period for which the market price is established [24].
Market time unit refers to the trading period in the reserve market. In the Balancing Energy Market and the Balancing Capacity Market, the Market Time Unit is one hour. Pay as Bid Principle refers to a pricing principle in which the price of each accepted bid is determined by the bid itself. Intraday Market refers to an electricity marketplace where parties trade in electricity sold and purchased for that day. Reserve Unit refers to a unit that fulfils the requirements concerning the provision of the reserve. A Reserve Unit can consist of one or more Reserve Resources. Reserve Resource refers to an individual balancing capacity resource: a power plant, consumption facility or energy storage facility. Balancing Service Provider refers to the contracting party that has concluded an agreement with Fingrid to participate in the reserve market. A Balancing Service Pro- vider may be an Open Supplier or Balance Responsible Party of a Reserve Re- source, an Independent Aggregator, a Contractual Balancing Service Provider or a combination of the above. Transmission Area means the geographical area where power plants, consumption facilities and energy storage facilities are located. Finland has three Transmission Areas: south, central and north. The geographical locations of the transmission areas are shown on the map of Transmission Areas on Fingrid’s website. Fingrid shall notify Balancing Service Providers in writing of any changes to the geographical boundaries of the Transmission Areas at least one month before the changes take effect.
Market time unit means the time period during which trading takes place on the reserve market. On the Balancing Energy Market and the Balancing Capacity Market, the Market Time Unit is one hour. Pay as Bid Principle refers to a pricing principle in which the price of each accepted bid is determined by the bid itself.
Market time unit means the shortest time interval for which the market price is established, which shall be at least as short as the imbalance settlement period.
Market time unit refers to the trading period in the reserve market. In the mFRR energy Market and the mFRR capacity Market, the Market Time Unit is one hour. Pay as Bid Principle refers to a pricing principle in which the price of each accepted bid is determined by the bid itself. Intraday Market refers to an electricity marketplace where parties trade in electricity sold and purchased for that day. Reserve Unit refers to a unit that fulfils the requirements concerning the provision of the reserve. A Reserve Unit can consist of one or more Reserve Resources. Reserve Resource refers to an individual mFRR capacity resource: a power plant, consumption facility or energy storage facility.
Market time unit means the shortest time interval for which the market price