Dark Energy Consulting
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Free Simple Glossary of Energy Trading terms
For more detailed explanations try the Detailed Glossary
Currently sorted By last update ascending Sort chronologically: By last update | By creation date
Interconnector | ||
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A gas or power connection between two different locations Usually used to flow gas or power from a lower priced location to a higher priced location For much more information please refer to the Detailed Glossary | ||
Weighted Average Price | ||
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Weighted Average Price (WAP) is the average price over a series of individually priced volumes For much more information please refer to the Detailed Glossary | ||
Prompt | ||
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A term generally used in gas and power trading for trades that deliver in the near future For much more information please refer to the Detailed Glossary | ||
Front Month | ||
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The earliest tradable month of a particular contract - normally a Futures contract For much more information please refer to the Detailed Glossary | ||
Maturity | ||
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Generally a financial trading term used sometimes in the commodities trading market to mean the expiry or expiration date - particularly futures contracts For much more information please refer to the Detailed Glossary | ||
Balance of Month | ||
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A type of contract in which the delivery period is the remainder of the current month For much more information please refer to the Detailed Glossary | ||
Day Ahead | ||
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Trading and pricing for delivery the next day For much more information please refer to the Detailed Glossary | ||
Baseload | ||
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Term used in power (electricity) trading and operations to describe continuous delivery (24 hours a day, 365 days a year) For much more information please refer to the Detailed Glossary | ||
Nomination | ||
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An electronic message sent to a third party detailing a transaction or requirement as part of a pre-existing agreement Typically gas and power transactions are nominated to system and market operators For much more information please refer to the Detailed Glossary | ||
Take or Pay | ||
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A type of supply contract in which the buyer commits to buying a minimum quantity of some product, or to make an alternative payment for the amount below the minimum quantity Take or Pay contracts are widely used in the Gas and Oil markets For much more information please refer to the Detailed Glossary | ||