positive forecast error definition

positive forecast error means an underestimation in EUR/MWh per day ahead market time unit of the initial forecasted market value of cross-zonal capacity for the exchange of energy;
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positive forecast error means the positive difference in EUR/MWh between the market spread of the trading day and the market spread of the reference day, excluding the mark-up, thereby representing an underestimation of the initial forecasted market value for the exchange of energy used in the market based allocation process;
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Related to positive forecast error

  • Forecast GDP means the average forecast for British Columbia’s real GDP growth made by the Economic Forecast Council and as reported in the annual February budget of the government;

  • Forecast means a statement of expected meteorological conditions for a specified time or period, and for a specified area or portion of airspace;

  • Forecast Period means the period of three calendar months for which a Forecast is provided;

  • Cash Flow Forecast means the 13-week cash flow forecast delivered pursuant to Section 5.01(j).

  • Rolling Forecast has the meaning set forth in Section 4.2.