Detailed Glossary

A Detailed Glossary of Energy Trading terms for registered users

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W

Weighted Average Price

by Nick Henfrey - Tuesday, 4 November 2014, 7:15 AM

Weighted Average Price (WAP) is the average price over a series of individually priced volumes

Detail

The quickest way to calculate WAP is to calculate the total value over all the individually priced volumes, sum them and then divide by the total volume

Keyword(s):

Withdrawal

by Nick Henfrey - Wednesday, 3 September 2014, 5:31 PM

Term used to describe transferring natural gas from a storage facility into a transmission network

Detail

Withdrawn volumes are nominated in the same way as other physical gas movements