Free Simple Glossary of Energy Trading terms


For more detailed explanations try the Detailed Glossary




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nick

Give Up

by Nick Henfrey - Saturday, 9 May 2015, 7:14 AM
 

A give up is an OTC trade - usually a forward - given up to an Exchange for clearing 

For much more information please refer to the Detailed Glossary

nick

Injection

by Nick Henfrey - Saturday, 9 May 2015, 7:14 AM
 

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

For much more information please refer to the Detailed Glossary

nick

Withdrawal

by Nick Henfrey - Saturday, 9 May 2015, 7:14 AM
 

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

For much more information please refer to the Detailed Glossary

nick

Clearing House

by Nick Henfrey - Saturday, 9 May 2015, 7:14 AM
 

An organization that manages the clearing for an Exchange

For much more information please refer to the Detailed Glossary

nick

Clearing Broker

by Nick Henfrey - Saturday, 9 May 2015, 7:14 AM
 

An organization that acts as an intermediary wishing to trade on an Exchange

For much more information please refer to the Detailed Glossary

nick

Megawatt

by Nick Henfrey - Saturday, 9 May 2015, 7:14 AM
 

A Megawatt is a measure of energy per unit time

  • in this case one million joules per second
  • one watt being one joule per second

Abbreviation is MW

Not to be confused with MWh

For much more information please refer to the Detailed Glossary

nick

Megawatt hour

by Nick Henfrey - Saturday, 9 May 2015, 7:14 AM
 

A measure of energy - abbreviated to MWh

Equivalent to one Megawatt of power flowing for one hour

For much more information please refer to the Detailed Glossary

nick

Upstream

by Nick Henfrey - Saturday, 9 May 2015, 7:14 AM
 

A term principally used in oil and gas context - covering the search for new reserves, exploratory activities, construction of new extraction facilities, and the running of those facilities

For much more information please refer to the Detailed Glossary

nick

P&L atttribution

by Nick Henfrey - Saturday, 9 May 2015, 7:14 AM
 

Let's say we added up the P&L of all our trades today, and then did the same tomorrow - the two values would probably be different - but why?

Some reasons:

  • We booked some new trades
  • The forward curve price changed
  • The FX rate we use to give reporting currency P&L changed
  • The discounting factor changed
  • Some trades were amended

P&L attribution calculates the change in P&L for each of the above individually - and any other factors - so that the effect of each cause may be understood

For much more information please refer to the Detailed Glossary

nick

Discounting

by Nick Henfrey - Saturday, 9 May 2015, 7:14 AM
 

Calculation of the present day value of a cash flow that will or might occur at some time in the future

For much more information please refer to the Detailed Glossary


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