Bid Week definition

Bid Week is defined to mean for the week in the prior month during which gas prices are established for the current month.
Sample 1Sample 2
Bid Week means the last 5 business days of each calendar month.
Sample 1Sample 2
Bid Week means the week during which the New York Mercantile Exchange’s Xxxxx Hub natural gas futures contract for the immediately following month terminates. “British thermal unit” or “Btu” means the International BTU, which is also called the Btu (IT).
Sample 1Sample 2

Examples of Bid Week in a sentence

  • The Border Price is equal to the average of the first of the month "Southern Cal Border Avg." index from Natural Gas Intelligence and the "Bid Week, California-South, Delivered to Pipeline" index from Natural Gas Week.

  • Bid Week is defined as the last five Canadian business days of the calendar month, or a suitable representation as published by ICE NGX to account for certain holidays in Canada and in the United States.

  • The index pricing is reported by publishers who survey the Bid Week (last week of the month) transactions and calculate volume-weighted average prices known as index prices.

  • The Index Period may be a full calendar month, or a particular day or set of days, including Bid Week or the Pre-Nomination Crude Oil Trading Period.

  • The Index Period may be a full calendar month, or a particular day or set of days, including Bid Week.

  • Alter High Risk EventsSorority bid weekNo sorority members attended events with alcohol during the week following Bid Week.

  • SoCalGas proposes to set a portion of the storage injection capacity allocated to the system balancing function for injection nominations for the following month, every month before Bid Week, which is the five business days preceding the first of the month.

  • The Weighted Over Delivery (WOD) Index equals the lower of the Bid Week monthly index price or the average of the five (5) lowest average published daily prices, weighted by the supply mix of all gas received at Malin and Topock for on-system End-Use Customers during the month in which the imbalance occurred.

  • The Weighted Under Delivery (WUD) Index equals the higher of the Bid Week monthly index price or the average of the five highest average published daily prices, weighted by the supply mix of all gas received at Malin and Topock for on-system End-Use Customers during the month in which the imbalance occurred.

  • For example, and without limitation, during the September 2011 Bid Week (August 25-29, 2011), Levante made more than one hundred transactions in NYMEX and ICE futures, options, spreads and swaps.


More Definitions of Bid Week

Bid Week. Average Spot (One Month) Firm (100% LF) price" published in "The Canadian Gas Price Reporter Table: Canadian Natural Gas Supply Prices" converted from Cdn $/GJ to Cdn $/MMBtus by multiplying by 1.054615 GJ/MMBtu and converted to US $/MMBtu by multiplying by the current month "Canada/U.S. Exchange Rate" published in "The Canadian Gas Price Reporter Table: Monthly Canadian and U.S. natural gas price summary" rounded to the nearest cent;
Sample 1
Bid Week means the last 5 trading days of each calendar month, where a trading day is defined as any day that the Intercontinental Exchange (ICE) is trading physical natural gas.
Sample 1

Related to Bid Week

  • Week means seven consecutive days.

  • Calendar Week means any period of seven days starting with the same day as the first day of the First Assignment;

  • Working Day means any day other than a Saturday or Sunday or public holiday in England and Wales.

  • Work week means a seven (7) consecutive day week that consistently begins and ends on the same days throughout the year; i.e. Sunday through Saturday, Wednesday through Tuesday, Friday through Thursday.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.