System Marginal Buy Price definition

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;
Sample 1Sample 2Sample 3
System Marginal Buy Price or “SMBP” has the meaning given in the Network Code;
Sample 1Sample 2Sample 3
System Marginal Buy Price has the meaning given in the Network Code;
Sample 1Sample 2Sample 3

Examples of System Marginal Buy Price in a sentence

  • The SDP is calculated by reference to the relevant System Marginal Buy Price (SMP Buy), as defined by National Grid in the Network Code, or Exchange Delivery Settlement Price (EDSP).

  • If on any Day the Customer has a Withdrawal Overrun Quantity greater than zero (0), SL shall sell to the Customer the Withdrawal Overrun Quantity from SL at a purchase price calculated in accordance with the following formula: PDQSMAX(D) = (1.25 x SMBP + (Withdrawal Charge + Injection Charge)) x DQSMAX(D) where: PDQSMAX(D) is the Withdrawal Overrun Quantity purchase price in pence; SMBP(D) System Marginal Buy Price in pence/kWh on such Day; and DQSMAX(D) is the Withdrawal Overrun Quantity in kWh.

  • For the Seller, it includes an amount calculated by reference to the relevant System Marginal Buy Price, as defined by National Grid in the Network Code.

  • If a Shipper User has a short imbalance i.e. its customers have offtaken more gas than it has entered then the Daily Imbalance is cashed out using the System Marginal Buy Price.

  • This Modification Proposal*, as with all Modification Proposals, should be read in conjunction with the prevailing Uniform Network Code* (UNC).Background National Grid raised modification proposal 0333 “Update of the default System Marginal Buy Price and System Marginal Sell Price” as a direct result of the Licence Condition placed on National Grid by Ofgem.

  • 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.

  • If on any Day the Customer has a Withdrawal Overrun Quantity greater than zero (0), SL shall sell to the Customer the Withdrawal Overrun Quantity from SL at a purchase price calculated in accordance with the following formula:PDQSMAX(D) = (1.25 x SMBP + (Withdrawal Charge + Injection Charge)) x DQSMAX(D) where: PDQSMAX(D) is the Withdrawal Overrun Quantity purchase price in pence; SMBP(D) System Marginal Buy Price in pence/kWh on such Day; and DQSMAX(D) is the Withdrawal Overrun Quantity in kWh.

  • System Marginal Buy Price or SMPbuy: shall mean for a specific day, the purchase price expressed in EUR/kWh on the on-the-day commodity market of National Grid Gas in the United Kingdom, determined by National Grid plc.

  • The SDP is calculated by reference to the relevant System Marginal Buy Price (SMP Buy), as defined by National Grid in the Network Code, or Market Delivery Settlement Price (MDSP).

  • For illustration, if the default SMPs were calculated using the 2010 Hornsea prices the System Marginal Buy Price would be SAP plus 0.0452p/kWh and the System Marginal Sell Price would be SAP less 0.0442p/kWh.


More Definitions of System Marginal Buy Price

System Marginal Buy Price. “SMBP” the System Marginal Buy Price, as calculated and published by National Grid in respect of each Gas Day;
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Related to System Marginal Buy Price

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