virtual hub definition
virtual hub means a non-physical region covering more than one bidding zone for which an index price is set in application of a methodology;
virtual hub. (VH) means external or internal virtual hub.
virtual hub means a virtual bidding zone that represents a connecting node of an interconnector that is included in the flow based approach and the cross-zonal exchange over such interconnector is represented as net position of such virtual bidding zone. In contrast to real bidding zones, there do not exist any bids at the virtual hubs in the price coupling algorithm and therefore there is also no congestion income generated for virtual hubs.
More Definitions of virtual hub
virtual hub means a virtual bidding zone used to represent the imports and exports on a border where advanced hybrid coupling is applied. In contrast to real bidding zones, there do not exist any bids at the virtual hubs in the price coupling algorithm and therefore there is also no congestion income generated for virtual hubs.
virtual hub means virtual hub as defined in the methodology developed pursuant to Article 73(1) of the CACM Regulation.”
virtual hub means a non-physical trading point covering more than one bidding zone for which a reference price is defined and which is established to aggregate the forward market liquidity and enable proxy hedging in the relevant bidding zones;
virtual hub means virtual hub as defined in the pre-final day-ahead capacity calculation results tomethodology developed pursuant to Article 73(1) of the entity operatingCACM Regulation.”
virtual hub. ‘Balancing capacity slack hub’ means a common virtual sink or source for all balancing capacity external flows originating from a bidding zone that represents a connecting node of an interconnector that is included inassigned to it.