Bid | ||
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A Bid is a type of Order; a trader bids to buy a product or commodity at the Bid price For much more information please refer to the Detailed Glossary | ||
Blotter | ||
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A Blotter is a traditional term for a form on which trade details are recorded by a trader as trades are executed For much more information please refer to the Detailed Glossary | ||
Broker | ||
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A broker acts as an intermediary in the trading process
Most energy execution brokers operate a trading platform, that allow Orders to be submitted on a variety of standardized trading Products or Instruments.
When Orders are matched then a trade is executed, and the parties making the matched Bid and Offer are each notified that a trade has been executed.
The trade is legally executed between the respective parties
For much more information please refer to the Detailed Glossary | ||
Capacity | ||
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Capacity is a type of commodity associated with gas and power, and gives a trading organization the option to "move" gas and power through the respective networks (pipelines and grids) For much more information please refer to the Detailed Glossary | ||
Carbon | ||
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Gas, oil and coal all contain carbon - when they burn the carbon is oxidized to carbon dioxide. Carbon dioxide, as we all know, enters the atmosphere, and is generally believed to cause global warming There are various schemes to reduce the emission of carbon dioxide, called emissions schemes, and these require major emitters of carbon dioxide to provide certificates matching their emission of carbon dioxide. These certificates may be acquired in a number of ways, and there is a market for organizations with surplus certificates to sell, and organizations who need more certificates, to buy For much more information please refer to the Detailed Glossary | ||
Cascading | ||
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The process of decomposing longer tenor Exchange traded derivatives (futures and swaps) contracts for the equivalent shorter contracts For much more information please refer to the Detailed Glossary | ||
Clean Spark Spread | ||
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A clean spark spread is the spread between the value of power (electricity) on the one hand and the value of the gas needed to generate that power, and any associated carbon costs of generation For much more information please refer to the Detailed Glossary | ||
Clearing Broker | ||
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An organization that acts as an intermediary wishing to trade on an Exchange For much more information please refer to the Detailed Glossary | ||
Clearing House | ||
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An organization that manages the clearing for an Exchange For much more information please refer to the Detailed Glossary | ||
Commodity | ||
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In Energy Trading a commodity is generally either a form of energy itself, or a physical material that may be used to easily provide energy, or a related commodity or service. The most common commodities are oil, gas, electricity (power) and coal For much more information please refer to the Detailed Glossary | ||