Dark Energy Consulting
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Free Simple Glossary of Energy Trading terms
For more detailed explanations try the Detailed Glossary
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Close out | ||
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Flattening an open position to a net zero (or flat) position 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 | ||
Entry Capacity | ||
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Capacity to flow (usually gas) onto a National Transmission System For much more information please refer to the Detailed Glossary | ||
Swing Contract | ||
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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 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 | ||
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 | ||
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 | ||
Day Ahead | ||
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Trading and pricing for delivery the next day 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 | ||
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 | ||