Examples of Reference Level in a sentence
A Responsible Market Party shall request an updated determination of an Installed Capacity Supplier’s Going-Forward Costs not less often than annually, in the absence of which request the Installed Capacity Supplier’s offer cap shall revert to the UCAP Offer Reference Level.
Offers to sell Mitigated UCAP in an ICAP Spot Market Auction shall not be higher than the higher of (a) the UCAP Offer Reference Level for the applicable ICAP Spot Market Auction, or (b) the Going-Forward Costs of the Installed Capacity Supplier supplying the Mitigated UCAP.
See Section 23.3.1.3. RMR Generators and Interim Service Providers are compensated at the lesser of their Bid or the appropriate Reference Level in accordance with Rate Schedule 8 to the Services Tariff.
L.Loss Threshold: The Loss Threshold(i) of the Underlying(i) equals 60 % of the Reference Level of the Underlying(i) (one (1) unit of the Underlying Currency equals one (1) unit SEK, “Quanto SEK”).
Consequence of the linkage to the Relevant UnderlyingThe calculation of the level of the Redemption Amount solely refers to the performance of the Relevant Underlying and, thereby, to the Underlying, showing the lowest performance with respect to the Settlement Price in relation to the Reference Level.