System Marginal Price definition

System Marginal Price as defined in the TSC Termination Date: the date on which this Agreement is validly terminated in accordance with Clause 12 TSC: the Trading and Settlement Code as amended from time to time or such relevant successor as may be published. Vacation Date: the date on which the Customer physically vacates the Supply Address VAT: value added tax chargeable in the UK or Ireland.
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System Marginal Price as defined in the Pool Rules;
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System Marginal Price means the Variable Generation Cost of the most expensive Generation Unit which would be dispatched to supply one [1] additional MW of Demand, as determined pursuant the corresponding Commercial Code Operational Procedure developed by the System Operator, as established in
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Examples of System Marginal Price in a sentence

  • In this pool electricity is bought and sold through a market clearing mechanism, whereby generators bid in their Short Run Marginal Cost (SRMC) and receive the System Marginal Price (SMP) for each trading period for their scheduled market quantities, as well as other revenue streams.

  • Generators receive the System Marginal Price (SMP) for their scheduled dispatch quantities, capacity payments for their actual availability, and constraint payments for changes in the market schedule due to system constraints.

  • We will seek informed consent for inclusion in the trial ahead of the prostate biopsy procedure, with the potential participants allowed as much time as desired to consider the information, and having had the opportunity to ask questions from the clinical trial team and/or research nurse, and contact their GP or other independent parties to decide whether they wish to participate in the trial.

  • It is straightforward to obtain data for Pool prices, and we concentrate on monthly averages of the System Marginal Price and the Pool Selling Price (including Transmission Uplift from its introduction in April 1997, since this represents costs previously included in Uplift).

  • The System Marginal Price (SMP) in a period was determined by the “Genset Price” of the highest priced unit scheduled to produce when transmission constraints were ignored.

  • The Electricity Utility Company pays the Solar Power Producer the electricity exported to the electricity supply system based on the actual System Marginal Price in accordance with the NEDA Rules.

  • This means that the final market price is available only four days after the physical delivery.The MSP algorithm resolves the market price (the System Marginal Price, SMP) for each trading period and quantifies how much each generator needs to generate so that the total demand is met at the lowest possible production cost.

  • This was centrally dispatched with a System Marginal Price (SMP) set by the marginal price offered by the most expensive unconstrained generator required, to which was added a capacity payment, equal to LoLP*(VoLL – SMP), where LoLP is the Loss of Load Probability in that half-hour and VoLL is the Value of Lost Load (£5,000/MWh in 2016£).

  • Lower fuel prices led to lower uplift payments in 2016 and reduced the uplift contribution to the all-in price to 20 cents per MWh. Ancillary services costs remained modest at 9 cents per MWh. To estimate the price effects of factors other than the change in fuel prices, we calculate a fuel price-adjusted System Marginal Price (SMP) that is based on the marginal fuel in each five- minute interval.

  • 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.


More Definitions of System Marginal Price

System Marginal Price or "SMP" means the payment made to all Generators scheduled, whatever level of bid submitted;
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System Marginal Price means the Price Offer of the Marginal Generating
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System Marginal Price. The price determined using the methodology set forth in Section 6.3. Surplus Energy: Energy provided in accordance with Section 6.1.3.
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Related to System Marginal Price

  • Locational Marginal Price or “LMP” shall mean the market clearing price for energy at a given location in a Party’s RC Area, and “Locational Marginal Pricing” shall mean the processes related to the determination of the LMP.

  • Marginal Value means the difference between actual taxable value and base taxable value.

  • Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage;

  • Multiplier means the Multiplier specified in the Table.

  • CD Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Retail margin means an amount, reflecting differences in

  • Gross Margin With respect to each Adjustable Rate Mortgage Loan, the fixed percentage set forth in the related Mortgage Note that is added to the Index on each Adjustment Date in accordance with the terms of the related Mortgage Note used to determine the Mortgage Rate for such Mortgage Loan.

  • Marginal Tax Rate means the maximum marginal regular Federal individual income tax rate applicable to ordinary income or the maximum marginal regular Federal corporate income tax rate, whichever is greater.

  • Current Unit Rates are Forest Service estimates of the unit rates for doing the work at the time the adjustment is approved.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Maintenance Margin means the minimum amount of money required in your Trading Account as specified on the Trading Platform in order to keep a Transaction open on the Trading Platform.

  • Minimum Dilution Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) the average of the Dilution Ratios for the twelve (12) most recent Fiscal Months, multiplied by (b) the Dilution Horizon Ratio.

  • EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • 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.

  • Applicable Margins means collectively the Applicable L/C Margin, the Applicable Unused Line Fee Margin, the Applicable Revolver Index Margin and the Applicable Revolver LIBOR Margin.

  • Baseline Value for each of the Company and the Peer Companies means the dollar amount representing the average of the Fair Market Value of one share of common stock of such company over the five consecutive trading days ending on, and including, the Effective Date.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%.

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

  • Free Margin means the amount of funds available in the Client Account, which may be used to open a position or maintain an Open Position. Free Margin shall be calculated as: Equity less (minus) Necessary Margin [Free margin = Equity- Necessary Margin].

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Hurdle Rate means the minimum annual rate of return over the Net Asset Value at launch, or the beginning of the relevant Performance Period, as applicable, that must be achieved before an Equalisation Performance Fee is applied (details of which are set out in the section headed “Unit Class Information” in the Supplement for the relevant Fund where applicable). This rate is accrued at each Valuation Point.

  • Applicable Multiplier means, with respect to any Rate Period for any Series of RVMTP Shares, the percentage set forth opposite the applicable credit rating most recently assigned to such Series by the Rating Agency in the table below on the Rate Determination Date for such Rate Period: *And/or the equivalent ratings of any other Rating Agency then rating the RVMTP Shares utilizing the highest of the ratings of the Rating Agencies then rating the RVMTP Shares.

  • Gross weight means the aggregate weight of a vehicle or combination of vehicles and the load

  • Weighting factor wT for an organ or tissue (T) means the proportion of the risk of stochastic effects resulting from irradiation of that organ or tissue to the total risk of stochastic effects when the whole body is irradiated uniformly. For calculating the effective dose equivalent, the values of wT are:

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: II 10.0 V 17.5