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;
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System Buy Price has the meaning given to that term in, and be determined in accordance with, the BSC.
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System Buy Price means the price paid by the BSC trading
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Examples of System Buy Price in a sentence

  • The SDP is calculated by reference to the relevant System Buy Price (SBP Buy), as defined by the BSC, or Exchange Delivery Settlement Price (EDSP).

  • The SDP is calculated by reference to the relevant System Buy Price (SBP Buy), as defined by the BSC, or Market Delivery Settlement Price (EDSP).

  • 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.

  • Every Programme shall have adequate number of Core Courses to choose 32 to 40 Credits as recommended by the Board of Studies (BoS) in the concerned subject and approved by the Academic Council, and adequate number of Optional Courses.

  • The System Sell Price, the System Buy Price and Net Imbalance Volume for each Settlement Period in a Settlement Day shall be published on the BSC Website (and displayed for a period of 30 days), as soon as reasonably practicable after the Initial Settlement Run in respect of such Settlement Day has been carried out and BSCCo has received such data from the SAA.

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

  • 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.

  • We therefore assume that suppliers purchased their actual demand, plus their positive imbalance, less their negative imbalance, at the daily average of the UKPX Reference Price Data, sold their positive imbalance at the daily average of the System Sell Price, and bought their negative imbalance at the daily average of the System Buy 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.

  • 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.


More Definitions of System Buy Price

System Buy Price means the price paid by the BSC
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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 means, with respect to the purchase of any Property, without duplication, (i) the aggregate purchase price paid as cash consideration for such purchase (without adjustment for prorations), including, without limitation, the principal amount of any note received or other deferred payment to be made in connection with such purchase (except as described in clause (ii) below) and the value of any non-cash consideration delivered in connection with such purchase (including, without limitation, shares or preferred shares of beneficial interest in General Partner and OP Units or Preferred OP Units (as defined in Borrower’s partnership agreement)) plus (ii) reasonable costs of sale and non-recurring taxes paid or payable in connection with such purchase or sale.

  • 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 This is a requirement of the TIPS Contract and is non-negotiable. In this solicitation and resulting contract, "Catalog Pricing" shall be defined as: "The then available list of goods or services, in the most current listing regardless of date, that takes the form of a catalog, price list, price schedule, shelf-price or other viewable format that:

  • 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 relevant auction final price that may be published by ISDA or any administrator of any auction coordinated by ISDA from time to time and that would be applicable to the senior, unsecured debt obligations issued or guaranteed by the relevant

  • 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.

  • Contract Unit Price means the total price per unit charged to DLA Troop Support for a product delivered to DLA Troop Support’s customers. The Contract unit price consists of three components: delivered price plus distribution price less Government rebates and discounts. The unit price sum of the three component prices shall be rounded up or down as applicable, to the nearest cent to determine the final Contract unit price.

  • 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.