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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Scheduling | ||
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Often used as a term for the Operational activities involved in gas and power For much more information please refer to the Detailed Glossary | ||
Settlement | ||
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The Business Process or Capability covering the payments relating to trading activities. It includes agreeing payments, making them, and ensuring that payments are received at the correct times For much more information please refer to the Detailed Glossary | ||
Shape | ||
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Shape is a term, mainly used in Power Trading to describe a non-continuous delivery over a delivery period For example a UK power trade may have a delivery period of a month and have peak shape, which specifies that the power will be delivered over a time period of 07:00 - 23:00 each day of the Month For much more information please refer to the Detailed Glossary | ||
Speculative Trading | ||
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Speculative trading, also known as proprietary or spec. trading, is the trading of commodities with the intent of making a profit with no intent to make or take delivery of those commodities For much more information please refer to the Detailed Glossary | ||
Spot | ||
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A spot trade in general refers to a trade with immediate delivery. In energy trading terms it usually refers to a trade with delivery on the day it is executed (within day) or for the following day (day ahead) For much more information please refer to the Detailed Glossary | ||
Spread | ||
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A spread is a difference in price, or value, of two similar but different underliers For much more information please refer to the Detailed Glossary | ||
Storage | ||
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A type of commodity, which although it may be applied to any physical commodity, usually describes the ability to store natural gas in its gaseous state Storage facilities usually consist of natural structures (depleted gas fields for example) that are attached to the gas pipeline network For much more information please refer to the Detailed Glossary | ||
Swap | ||
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An Energy Swap is generally a swap of two different prices on an identical, or similar, Energy underlier 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 | ||