System Marginal Sell Price definition

System Marginal Sell Price or “SMSP” has the meaning given in the Network Code;
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System Marginal Sell Price. “SMSP” the System Marginal Sell Price, as calculated and published by National Grid in respect of each Gas Day;
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System Marginal Sell Price has the meaning given in the Uniform Network Code.
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Examples of System Marginal Sell Price in a sentence

  • The “Buyer’s Default Top-up” is an amount calculated against the possibility of a negative System Marginal Sell Price (SMP Sell), as defined by National Grid in the Network Code.

  • For the Buyer, the delivery Margin includes an amount calculated against the possibility of a negative System Marginal Sell Price, as defined by National Grid in the Network Code.

  • If on any Day the Customer has an Injection Overrun Quantity greater than zero (0), SL shall purchase the Injection Overrun Quantity from the Customer at a purchase price calculated in accordance with the following formula: PDQPMAX(D) = (0.8 x SMSP - (Withdrawal Charge + Injection Charge)) x DQPMAX(D) where: PDQPMAX(D) is the Injection Overrun Quantity purchase price in pence; SMSP(D) is the System Marginal Sell Price in pence/kWh on such Day; and DQPMAX(D) is the Injection Overrun Quantity in kWh.

  • The "Buyer's Default Top-up" is an amount calculated against the possibility of a negative System Marginal Sell Price (SMP Sell), as defined by National Grid in the Network Code.

  • If on any Day the Customer has an Injection Overrun Quantity greater than zero (0), SL shall purchase the Injection Overrun Quantity from the Customer at a purchase price calculated in accordance with the following formula: PDQPMAX(D) = (0.8 x SMSP - (Withdrawal Charge + Injection Charge)) x DQPMAX(D)where: PDQPMAX(D) is the Injection Overrun Quantity purchase price in pence; SMSP(D) is the System Marginal Sell Price in pence/kWh on such Day; and DQPMAX(D) is the Injection Overrun Quantity in kWh.

  • If a Shipper User has a long imbalance, i.e. has entered more gas into the system than its customers have offtaken, the resulting Daily Imbalance is cashed out using the System Marginal Sell Price.

  • For the Buyer, the delivery Margin includes an amount ca lculated a ga inst the possibility of a nega tive System Marginal Sell Price, as defined by Nationa l Grid in the Network Code.

  • 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.

  • System Marginal Sell Price or SMPsell: shall mean for a specific day, the sell 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.

  • 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 Sell Price

System Marginal Sell Price has the meaning given to it in the Uniform Network Code. Term the term of this Framework Agreement as specified in Clause 2. Third Party has the meaning given to it in Clause 30.1.
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System Marginal Sell Price has the meaning given to it in the Uniform Network Code. Term the term of this Framework Agreement as specified in Clause 2. Third Party has the meaning given to it in Clause 30.1. Third Party Employees Employees of a Third Party Employer whose contracts of employment transfer with effect from the Commencement Date to the Supplier by virtue of the application of the Employment Regulations. Third Party Employer a service provider engaged by the Authority to provide some or all of the Services to the Authority before the Commencement Date and whose employees will transfer to the Supplier on the Commencement Date.
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Related to System Marginal Sell Price

  • Nodal Reference Price at each location shall mean the 97th percentile price differential between day-ahead and real-time prices experienced over the corresponding two-month reference period in the prior calendar year. Reference periods will be Jan-Feb, Mar-Apr, May- Jun, Jul-Aug, Sept-Oct, Nov-Dec. For any given current-year month, the reference period months will be the set of two months in the prior calendar year that include the month corresponding to the current month. For example, July and August 2003 would each use July- August 2002 as their reference period.

  • Initial Margin means the amount of cash or securities deposited with a broker as a margin payment at the time of purchase or sale of a futures contract.

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

  • Reference Price means the Reference Price of the Underlying as specified in § 1 of the Product and Underlying Data.

  • Closing Level : means the official daily Closing Level of the Index as published by the Index Sponsor in relation to each Scheduled Trading Day during the Investment Term.

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

  • Subsequent Margin means the margin specified as such in the applicable Final Terms;