Free Simple Glossary of Energy Trading terms

Also known as a swing option, a swing contract is a type of contract that allows the buyer the option, but not the obligation, to take periodic deliveries of a product at a volume nominated by them between a minimum and a maximum volume at an agreed price

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Capacity to flow (usually gas) onto a National Transmission System

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The process of decomposing longer tenor Exchange traded derivatives (futures and swaps) contracts for the equivalent shorter contracts

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Flattening an open position to a net zero (or flat) position

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A general term used to describe an agreement in which one party (the toller) provides an input product to the other party, and the other party provides another product (usually derived from the input product) in return

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When transmitting Electricity via Interconnector, some  of the power is lost and that's called Line Loss. For UK-FR interconnector line loss factor is 1.17%

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Often used as a term for the Operational activities involved in gas and power

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A generic legal term for transferring existing contracts from one legal entity to another

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Something that behaves like something else but is not really that thing

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The difference in cost of achieving the same outcome through different means

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