Trading Hub definition

Trading Hub. A virtual location in a given Load Zone, modeled as a Generator bus and/or Load bus, for scheduling Bilateral Transactions in which both the POI and POW are located within the NYCA. Trading Hub Energy Owner: A Customer who buys energy in a Bilateral Transaction in which the POW is a Trading Hub, or who sells energy in a Bilateral Transaction in which the POI is a Trading Hub. Transaction: The purchase and/or sale of Energy or Capacity, or the sale of Ancillary Services. A Transaction bid into the Energy market to sell or purchase Energy or to schedule a Bilateral Transaction includes a Point of Injection and a Point of Withdrawal.
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Trading Hub. A virtual location in a given Load Zone, modeled as a Generator bus and/or Load bus, for scheduling Bilateral Transactions in which both the POI and POW are located within the NYCA. Trading Hub Energy Owner: A Customer who buys energy in a Bilateral Transaction in which the POW is a Trading Hub, or who sells energy in a Bilateral Transaction in which the POI is a Trading Hub. Transaction: The purchase and/or sale of Energy or Capacity, or the sale of Ancillary Services.
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Trading Hub means a point at which there is a regular market for the purchase and sale of goods of the same kind as the Goods, with multiple buyers and sellers, including: (a) major common carrier pipelines; and (b) public Terminals with water or common carrier pipeline access.
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Examples of Trading Hub in a sentence

  • The Natural Gas storage Inzenham-West is allocated to the Trading Hub Europe virtual trading point.

  • The automatic replacement shall apply with the necessary modifications for the case that subsequently, there are further combinations of market areas in which the "Trading Hub Europe" is merged into.

  • MITHE (EUR/MWh) is the value of the Monthly Index for the calendar month M at Trading Hub Europe (THE) as published by ICIS European Spot Gas Markets under the heading "Heren Monthly Indices" on the last business day immediately preceding the calendar month M.

  • If there is a ref- erence within this Contract and its Annexes to the market area GASPOOL ("Reference the Reference to the market area GASPOOL shall be automatically replaced by a Ref- erence to the market area "Trading Hub Europe" market area at the time of the market area merger.

  • For Transactions with Internal sources, the Point of Injection is the Generator’s bus; for Transactions with Trading Hubs as their sources, the Point of Injection is the Trading Hub Generator bus; for Transactions with External sources, the Point of Injection is the Proxy Generator Bus designated for Imports.

  • To elaborate measures aiming at closing only the NEMO Trading Hub affected by an incident and at preventing the impact on other NEMO Trading Hubs.

  • The agreement contains the arrangements for the supply, receipt and billing of the determined fuel gas quantities in the Trading Hub Europe market area (THE).

  • For each Trading Hub Energy Owner who bids into the Real-Time Market and has its schedule(s) accepted by the ISO to sell and/or buy energy at a Trading Hub, the ISO shall calculate the net trading hub energy position for the organization, for the zone, and for the hour.

  • If there is a reference within this Contract and its Annexes to the market area GASPOOL ("Reference”) the Reference to the market area GASPOOL shall be automatically replaced by a Reference to the market area "Trading Hub Europe" market area at the time of the market area merger.

  • In case the capacity booked by the storage customer is not used and it is foreseeable that the storage customer´s individual storage level will not meet the aforementioned filling levels, the Storage System Provider is entitled to transfer the unused capacity to the extent necessary to meet the aforementioned filling levels to Trading Hub Europe until the end of the storage year.