System Buy Price definition

System Buy Price. “SBP” as defined in the Balancing & Settlement Code (BSC) arrangements, a component of the British Electricity Trading & Transmission Arrangements (BETTA) which specify the system and method of sale, purchase and transmission of wholesale electricity. The BSC can be found at xxxxxx.xx.xx and the System Buy Prices for each half-hour are published at xxxxxxxxx.xxx. If you require any assistance in finding these please speak to your account manager;
Sample 1Sample 2Sample 3
System Buy Price has the meaning given to that term in, and be determined in accordance with, the BSC.
Sample 1Sample 2
System Buy Price means the price paid by the BSC trading parties
Sample 1

Examples of System Buy Price in a sentence

  • QAEIaj = QACEaj – QABSaj – QABCaj The Account Energy Imbalance Volume is then multiplied by System Sell Price for positive imbalance volume and System Buy Price for negative imbalance volume to give the Energy Imbalance Cashflows as specified in Section T, Paragraph 4.7 of the Balancing and Settlement Code.

  • On average, the System Buy Price is much higher than the System Sell Price.

  • Because the System Buy Price is generally much higher than the System Sell Price, imbalances are costly, and this was intended to give participants an incentive to balance their positions before Gate Closure.

  • In practice, companies seem to have been anxious to minimise their exposure to the System Buy Price, which is much the more volatile, and have generally had a surplus of power at Gate Closure, rather than a balanced position.

  • Companies which were short of power have to buy some at the System Buy Price, while those with a surplus are paid the System Sell Price.

  • The average cost of the accepted bids (to buy power from NGC) is the System Sell Price, while the average cost of the accepted offers (to sell additional power to NGC) is the System Buy Price.

  • 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).

  • Under the current baseline, actions taken by the System Operator (SO) to balance Supply and Demand for a Settlement Period set the main Energy Imbalance Prices (System Buy Price (SBP) when the system is ‘short’ and System Sell Price (SSP) when the system is ‘long’).The current methodology for determining system length (whether the system is ‘long’ or ‘short’) was introduced under Approved Modification P78 ‘Revised Definitions of System Buy Price and System Sell Price’.

  • The Assessment Report for Modification Proposal P78 (Reference 1) contains the detailed background and history of Modification Proposal P78, and this report can be found on the BSC Website, as follows:ftp://www.elexon.co.uk/ta/modifications/modsprops/P078/P78_AR.pdfModification Proposal P78 ‘Revised Definition of System Buy Price and System Sell Price’ was raised by National Grid (the Transmission Company) on 5 April 2002.

  • Even with an average price, the risk averse strategy is to go long to avoid exposure to System Buy Price, a marginal SBP may just have the effect of increasing that length.


More Definitions of System Buy Price

System Buy Price means the price paid by the BSC
Sample 1

Related to System Buy Price

  • Day-ahead System Energy Price means the System Energy Price resulting from the Day- ahead Energy Market.

  • Supply Price has the meaning set forth in Section 6.2.

  • Catalog price means a price included in a catalog, price list, schedule, or other form that is regularly maintained by the manufacturer or vendor, is either published or otherwise available for inspection by customers, and states prices at which sales are currently, or were last, made to a significant number of buyers constituting the general public; and

  • Daily Price means, for any relevant day, the closing price on that day (or if there is no closing price the last bid price) as reported by the principal exchange or quotation system on which prices for the Common Stock are reported. On the redemption date the holders of record of redeemed Warrants shall be entitled to payment of the Redemption Price upon surrender of such redeemed Warrants to the Company at its principal office.

  • Average Wholesale Price or “AWP” means the wholesale price charged on a specific commodity that is assigned by the drug manufacturer and is listed in a nationally-recognized drug pricing file.

  • Real-time System Energy Price means the System Energy Price resulting from the Office of the Interconnection’s dispatch of the PJM Interchange Energy Market in the Operating Day.

  • Wholesale price or "WSP" shall mean the greater of (i) the first published price of the Licensed Product offered to retailers by Publisher as evidenced by a sell sheet or price list issued by Publisher, or (ii) the actual price paid by retailers upon the first commercial shipment of a Licensed Product without offsets, rebates or deductions from invoices of any kind.

  • Discounted Market Price of Shares means, if the Shares are listed only on the TSX Venture Exchange, the Market Price less the maximum discount permitted under the TSX Policy applicable to Options.

  • Average Market Price means, with respect to any security, the arithmetic average of the Market Price of such security for the 15 consecutive trading day period ending on and including the trading day immediately preceding the determination date.

  • Net Price as defined in Section 2, Definitions, of Attachment 2, Scope of Work, is hereby deleted in its entirety and replaced with the following: Net Price - The final price paid by the Customer after applying all MSRP discounts and MSRP Credits. The Net Price for Base Equipment, OEM and Non-OEM Option(s), Part(s), Accessory(ies), and Implement(s); and their respective features, equipment, and components shall include all charges for the Commodity, including but not limited to packing, handling, freight, distribution, transportation, startup, pre-delivery, delivery, inspection, installation, construction, assembly, title, and registration. The Contractor may include shipping charges for OEM and Non-OEM Options, Parts, Accessories, and Implements that the customer orders separately from the Base Equipment. Additional charges for a Commodity shall not be charged outside of the Net Price unless expressly authorized within the Scope of Work.

  • Established catalogue price means the price included in a catalogue, price list, schedule, or other form that:

  • Issuance Price means the Sales Price less the Selling Commission.

  • SAFE Price means the price per share equal to (x) the Valuation Cap divided by (y) the Fully Diluted Capitalization.

  • Energy Price has the meaning set forth in Section 4.[1/2](a).

  • Established catalog price means the price included in a catalog, price list, schedule, or other form that:

  • Lowest price means the least possible amount that meets all requirements of the request of a purchasing agent.

  • Price means an amount of money tendered for goods or services, and includes all applicable taxes less all unconditional discounts;

  • Common Unit Price has the meaning specified in Section 2.1(b).

  • Catalog Pricing and Pricing Requirements

  • Market/Offer Price means the highest of (i) the price per share of Common Stock at which a tender or exchange offer therefor has been made, (ii) the price per share of Common Stock to be paid by any third party pursuant to an agreement with Issuer, (iii) the highest closing price for shares of Common Stock within the six-month period immediately preceding the date the Holder gives notice of the required repurchase of this Option or the Owner gives notice of the required repurchase of Option Shares, as the case may be, or (iv) in the event of a sale of all or any substantial part of Issuer's assets or deposits, the sum of the net price paid in such sale for such assets or deposits and the current market value of the remaining net assets of Issuer as determined by a nationally recognized investment banking firm selected by the Holder or the Owner, as the case may be, and reasonably acceptable to Issuer, divided by the number of shares of Common Stock of Issuer outstanding at the time of such sale. In determining the market/offer price, the value of consideration other than cash shall be determined by a nationally recognized investment banking firm selected by the Holder or Owner, as the case may be, and reasonably acceptable to Issuer.

  • Auction Final Price means the price, if any, determined to be the Auction Final Price pursuant to Section 12 of these Credit Derivatives Auction Settlement Terms (expressed as a percentage, in increments equal to the Relevant Pricing Increment, of the outstanding principal balance, rather than the face amount, of Deliverable Obligations).

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

  • Day-ahead Congestion Price means the Congestion Price resulting from the Day-ahead Energy Market.

  • Best Price means the highest price in the case of an offer to buy and the lowest price in the case of an offer to sell;

  • Target Price means the estimated amount payable to the Contractor for the performance of the Work under a Cost Plus Fixed Fee (CPFF) Contract.

  • Index Price on a given date means the weighted average (weighted in accordance with the factors listed above) of the closing prices of the companies comprising the Index Group.