Complex Orders definition

Complex Orders. A complex order is a set of simple hourly orders (price-quantity) corresponding to a single production unit, spreading out along different periods and which are subject to a complex condition that affects the set of hourly orders as a whole. The most important complex conditions are the Minimum Income Condition (i.e. the total income over the day should at least compensate a fixed term and a variable – per MWh produced – term) and the Load Gradient constraint. • Basic block Orders: allow agents to submit a certain interval of consecutive hours where they are willing to produce, and the minimum average price they require to be committed (i.e. it is a minimum income condition over one particular dispatch). There are also profiled block orders, linked block orders and exclusive groups of block orders and flexible block orders. It is worth noting that there is a fundamental difference between complex orders and block orders: while in the former the cost per MWh produced is represented twice, i.e. by the underlying simple price-quantity hourly bids and by the variable term of the minimum income condition, in the latter production cost is represented only once (there is just one declared minimum average price for the whole block of energy comprised in the hours of production).
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Examples of Complex Orders in a sentence

  • All provisions of clause 10 of the Bitstream Service Level Terms that apply to Complex Orders shall also apply to Service Requests for Fibre Access Services.

  • This election will also automatically match the net price available from the ISE best bids and offers on the individual legs for the full size of the order; provided that with notice to Members the Exchange may determine whether to offer this option only for Complex Options Orders, Stock-Option Orders, and/or Stock Complex Orders.

  • All Service Requests for Fibre Access Services will be treated as Complex Orders and be combined with the Bitstream Service Complex Orders for the purpose of measuring cycle time.

  • As an example only, if actual demand is 150% of Anticipated Demand the cycle time for will be increased by 150% meaning Qualifying Orders must not exceed a median of 60 days and Complex Orders must not exceed a median of 112 days.

  • Eligible incoming Complex Orders that are designated for exposure will be exposed for price improvement pursuant to Supplementary Material .01 to this Rule.

  • During the Complex Opening Price Determination, where there is an execution possible, the System will give priority to Market Complex Orders first, then to resting Limit Complex Orders on the Complex Order Book.

  • Complex Orders are executed at each successive price level until the maximum number of price levels is reached on any component leg where the protection has been triggered, and any balance is canceled.

  • Electronic Access Members may use the Facilitation Mechanism in sub-paragraph (b) above to execute block-size Complex Orders at a net price.

  • Members submitting Complex Orders in Stock-Option Strategies and Stock- Complex Strategies represent that they comply with the Qualified Contingent Trade Exemption.

  • The protections will not apply to Complex Orders being auctioned and auction responses in the Facilitation Mechanism, Solicited Order Mechanism, and Price Improvement Mechanism and will not apply to Customer Cross Orders pursuant to Options 5, Section 12(a).