System Average Price definition

System Average Price or “SAP” has the meaning given in the Network Code; “System Marginal Buy Price” or “SMBP” has the meaning given in the Network Code; “System Marginal Sell Price” or “SMSP” has the meaning given in the Network Code;

System Average Price. (SAP) means the price in pence/kWh calculated as the sum of all market transaction charges divided by the sum of the trade nomination quantities for all market transactions effected in respect of system balancing activity for each Day as more particularly set out in the UNC.

System Average Price means the weighted average UK price of all trades for a Gas Day, as defined in the

Examples of System Average Price in a sentence

• The Indexed Delivery Charge could be linked to electricity price references (e.g. day ahead index, System Buy Price) or gas price references (e.g. System Average Price).

• Accordingly, the Supplier is assumed to have delivered no (i.e. zero) gas to the system to balance the demand of the consumers it supplies.As a consequence, the relevant Supplier is required to pay a ‘cash out’ charge at the System Marginal Price (buy) (i.e. at a rate higher than the System Average Price) in respect of the volume of demand of the consumers it supplies.

• Current System Marginal Prices In the UNC, the System Marginal Buy Price* and System Marginal Sell Price* are derived from either the price of National Grid’s Market Balancing Actions*, or System Average Price* (SAP*) plus or minus a default value.

• Global Market Automatic Irrigation System Average Price (USD/Unit) of Key Manufacturers (2018-2023)Table 11.

• Small adjustment The CRU is of the view that GNI’s proposal of a small adjustment of 3.5% of the daily IBP System Average Price (SAP) as discussed by Shippers at the Code Modification Forum is a good benchmark and should be used to calculate the applicable price of the marginal sell price and the marginal buy price.

More Definitions of System Average Price

System Average Price. (“SAP”) means the weighted average UK price of all trades for the relevant gas day on the open commodities market platform.

System Average Price or “SAP” has the meaning given in the Network Code; “System Exit Point” has the meaning given in the Network Code;

System Average Price has the meaning given to it in the Uniform Network Code;

System Average Price or “SAP” has the meaning given to such term in the Network Code;

System Average Price means the UK OCM System Average Price published by NGG in respect of the Day.

System Average Price means the average price of all transactions carried out in respect of a day;

System Average Price has the meaning given in the Network Code; “System Entry Point” has the meaning given in the Network Code; “System Marginal Buy Price” has the meaning given in the Network Code;