Examples of Trading Period Duration in a sentence
Equation 1: Calculation of Trading Period Payments for Regulated Arrangements Trading Period Payment = Available Volume × Payment Rate × Scaling Factor × Trading Period Duration The payment rates are included in the DS3 System Services Statement of Payments.
Under this approach, the total position from ex-ante market products with Trading Period Durations greater than the Imbalance Settlement Period, and the total metered quantity over the Trading Period Duration, are used to calculate the total imbalance over the Trading Period.
Order 2002 allows the Council to take into account all relevant convictions recorded against an applicant for a hackney carriage or private hire driver’s licences (see Section 7 for more information.) Applicants are therefore required to disclose all unprotected convictions, including those that would normally be regarded as spent.
Reactive Power Availability Payments (Absorption) = Available Reactive Power (Absorption) × Reactive Power Availability (Absorption) Rate × (where the Reactive Power Availability (Absorption) Rate is the rate, in €/MVArh, given in the Agreement or EirGrid’s Statement of Charges & Payments and Trading Period Duration is in hours).
This is on the basis that there will be ex-ante market products with a Trading Period Duration equal to the Imbalance Settlement Period Duration available, in particular in the intraday market, which Participants can use to adjust their ex-ante position to ensure they are balanced against their Metered Quantity in each half-hour Imbalance Settlement Period.
In DS3 System Service Fixed Contract Agreement (2019) and the DS3 System Services Statement of Payments (applicable from 1 May 2018) Secondary Operating Reserve (SOR) is described in detail.Payments for SOR are based on the available SOR volume (MW):SOR Trading Period Payment [EUR] = SOR Available Volume [MW] x SOR Payment Rate [EUR/MWh] x SOR Scaling Factor [1] X Trading Period Duration [h]Hence, in Ireland there is no payment for activation.
It would divide evenly into each relevant Imbalance Settlement Period any ex-ante market trade quantity with a Trading Period Duration greater than the Imbalance Settlement Period Duration.
It should be noted that the handling of generator dynamic constraints within PLEXOS is influenced by the choice of other model parameters such as the trading period duration and the run up / down property: – Trading Period Duration: We have generally modelled hourly trading periods, consistent with the AIP Loop 2 modelling.