Marginal Price definition
Marginal Price means the price determined at a particular Auction to be paid by all the Registered Participants for each MW and hour of acquired Long Term Transmission Right;
Marginal Price means the price determined at particular Auction to be paid by all the Registered Participants for each MW and hour of acquired Daily Transmission Right; National Regulatory Authorities means the regulatory authorities referred to in Article 35(1) of Directive 2009/72/EC as it may be, similar national legislation; Nomination means the notification of the use of Transmission Rights by a Physical Transmission Rights holder and, where applicable, by their counterparty, or an authorized third party, to the respective Transmission System Operator(s); Nomination Rules means the rules with regard to the notification of use of Physical Transmission Rights holder and their counterparty, or an authorized third party, to the respective Transmission System Operator(s); Participation Agreement means, the agreement, by which the Parties undertake to comply with the terms and conditions for Daily Capacity Allocation as contained in these Allocation Rules; Party/Parties means the Allocation Platform and/or a Registered Participant referred to individually as Party or collectively as Parties; Physical Transmission Right means a right entitling its holder to physically transfer a certain volume of electricity in a certain period of time between two Bidding Zones in a specific direction; Pre-Bid means a pair of Bid Quantity and Bid Price offered by a Registered Participant participating in an Auction before the bidding gate opens; Product Period means the time and date on which the right to use Transmission Rights commences and the time and date on which the right to use the Transmission Rights ends. For daily Allocation the Product Period covers a calendar day of a period of 24 hours beginning at 0:00 and ending at 23:59:59. The days on which the legal time changes (daylight saving time) will be composed of either 23 hours or 25 hours; Registered Participant means a market participant which has entered into a Participation Agreement with the Allocation Platform; Rights Document means a document containing the information of the maximum amount of allocated Transmission Rights that can be nominated by a market participant per Bidding Zone border per day per hour and per direction taking into account the volume of Transmission Rights initially acquired and any possible curtailments which occurred before the issuance of the Rights Document; Transmission Right means for the purposes of these Daily Allocation Rules a Physical Transmission Right acquired through the daily auction;...
Marginal Price means the price in Euros per MWh determined at particular auction to be paid by all the registered participants for each MW and MTU of acquired long-term transmission right;
Examples of Marginal Price in a sentence
The case when Daily Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination.
Basic Generation Service – Commercial and Industrial Energy Pricing or “BGS-CIEP” – electric generation service that is provided pursuant to the Applicable Legal Authorities at prices that include an energy charge component that varies on an hourly basis in accordance with changes in the load-weighted average Residual Metered Load aggregate Real-Time Locational Marginal Price (including Energy, congestion and marginal losses) for the Company’s Transmission Zone under the Company’s BGS-CIEP Tariffs.
The case when the Transmission Rights allocated to individual Registered Participants are equal to zero after rounding shall not impact the Marginal Price determination.
In the case of ISO-NE as the delivering Party, the Cost of Energy shall be the ISO-NE final real-time integrated hourly Locational Marginal Price (“LMP”) at the external node associated with the Delivery Point (as used in the New England market system for energy exports from the New England Balancing Authority Area into the NYISO Balancing Authority Area, as such pricing node is defined in the ISO-NE Tariff and as summarized in Table 1), for the hour of the Emergency Energy delivery.
Basic Generation Service – Commercial and Industrial Energy Pricing or “BGS-CIEP” – electric generation service that is provided pursuant to the Applicable Legal Authorities at prices that include an energy charge component that varies on an hourly basis in accordance with changes in the load-weighted average Residual Metered Load aggregate Real-Time Locational Marginal Price (including energy, congestion and marginal losses) for the Company’s Transmission Zone under the Company’s BGS-CIEP Tariffs.
More Definitions of Marginal Price
Marginal Price means the price in EUR determined at a particular auction to be paid by all the registered participants for each MWh of acquired long-term transmission right;
Marginal Price means the price determined at particular Auction to be paid by all the Registered Participants for each MW and hour of acquired Daily Transmission Right; National Regulatory Authorities means the regulatory authorities referred to in Article 35(1) of Directive 2009/72/EC or, as it may be, similar national legislation; Participation Agreement means the agreement, by which the Parties undertake to comply with the terms and conditions for capacity allocation as contained in these Allocation Rules; Party/ Parties mean the Allocation Platform and/or a Registered Participant referred to individually as Party or collectively as Parties; Physical Transmission Right means a right entitling its holder to physically transfer a certain volume of electricity in a certain period of time between two Bidding Zones in a specific direction; Product Period means the time and date on which the right to use the Daily Transmission Right commences and the time and date on which the right to use the Daily Transmission Right ends;
Marginal Price means the price determined at particular Auction to be paid by all the Registered Participants for each MW and hour of acquired Daily Transmission Right; Participation Agreement means the agreement, by which the Parties undertake to comply with the terms and conditions for capacity allocation as contained in these Allocation Rules; Party/Parties means the Allocation Platform and/or a Registered Participant referred to individually as Party or collectively as Parties; Physical Transmission Right means a right entitling its holder to physically transfer a certain volume of electricity in a certain period of time between two Bidding Zones in a specific direction; Pre-bid means a pair of Bid Quantity and Bid Price offered by a Registered Participant participating in an Auction before start of a Bidding Period; Pre-bidding Period means the time period within which the Registered Participants wishing to participate in an Auction may submit their Pre-bids; Product Period means the time and date on which the right to use the Daily Transmission Right commences and the time and date on which the right to use the Daily Transmission Right ends;
Marginal Price means the price determined at a particular auction to be paid by all the registered participants for each MW and hour of acquired long term transmission right;
Marginal Price means the price determined at particular Auction to be paid by all the Registered Participants for each MW and hour of acquired Long Term Transmission Right; National Regulatory Authorities means the the regulatory authorities referred to in Article 35(1) of Directive 2009/72/EC as it may be, similar national legislation; Participation Agreement means the agreement, by which the Parties undertake to comply with the terms and conditions for Cross Zonal Capacity Allocation as contained in these Allocation Rules; Party/ Parties means the Allocation Platform and/or a Registered Participant referred to individually as Party or collectively as Parties; Physical Transmission Right means a right entitling its holder to physically transfer a certain volume of electricity in a certain period of time between two bidding zones in a specific direction; Product Period means the time and date on which the right to use the Long Term Transmission Right commences and the time and date on which the right to use the Long Term Transmission Right ends; Reduction Period means a period of time, i.e. specific calendar days and/or hours, within the Product Period in which Cross Zonal Capacities with a reduced amount of MW are offered taking into account a foreseen specific network situation (e.g. planned maintenance, long-term outages, foreseen balancing problems);
Marginal Price means the lowest winning Bid received by BritNed in an Auction and equal or higher than the Reserve Price in accordance with Rule C6;
Marginal Price means the price determined at particular Auction to be paid by all the Registered Participants for each MW and hour of acquired Intraday Transmission Right; Nomination means the use of Intraday Cross Zonal Capacity by a Physical Transmission Rights holder, or an authorized third party, to the respective Transmission System Operator(s); Nomination Rules means the rules with regard to the notification of use of Transmission Rights to the respective Transmission System Operator(s); Participation Agreement means the agreement by which the Parties undertake to comply with the terms and conditions for Cross Zonal Capacity Allocation as contained in these Allocation Rules; Party / Parties means the Allocation Platform and/or a Registered Participant referred to individually as Party or collectively as Parties; Physical Transmission Right means a right entitling its holder to physically transfer a certain volume of electricity in a certain period of time between two Bidding Zones in a specific direction; Pre-Bid means a pair of Bid Quantity and Bid Price offered by a Registered Participant participating in an Auction before the bidding gate opens; Product Period means the time and date on which the right to use the Intraday Transmission Right commences and the time and date on which the right to use the Intraday Transmission Right ends; Registered Participant means a market participant which entered into the Participation Agreement with the Allocation Platform; Rights Document means a document containing the information of the maximum allocated Physical Transmission Rights that can be nominated by a market participant per Bidding Zone border per day per hour and per direction, taking into account the volume of rights initially acquired, and any possible curtailments which occurred before the issuance of the Rights Document.;