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FERC - Cite This Source - This Definition
- The settlement price of a derivatives contract, based on a particular location and commodity;
- An estimated electricity offer price based on operating and maintenance costs, or a pre-negotiated offer price.
- Browse Related Terms: 12-month strip, Arbitrage, Delivery Point(s), Financial transmission right, Forward price curve, Futures market, Henry Hub, Locational marginal price, long, Mark-to-market, Physical basis, Reference price, Short position, Spark spread, Uplift, West Texas Intermediate (WTI)