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Published (Platts, NGI, Dow Jones, SNL, ICE, NGW) price indices for commodities (gas or electricity) to be delivered the next day based on transactions occurring between certain hours during the current day. Some market participants choose not to transact at a fixed price during the day for next-day delivery because prices can vary throughout the day. Instead, they choose to buy or sell at an index compiled by a publisher (usually a volume-weighted average of all transactions within specified hours), capturing a representative market price.
- Browse Related Terms: Basis Swaps, Credit rating, Daily (or Next-Day) Indexes, Debt financing, Electronic trading platform, Fixed price transactions, Floating price transactions, index, Market, Market structure, Power marketer, Project financing, Spread trading, Swaps
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Usually transactions done on a day for delivery or settlement or both, the next day.
- Browse Related Terms: Basis, Daily Deals, Day-ahead markets, Floating Storage, National balancing point (NBP), Real-time market, Single settlement system, Spot market, Two-settlement system, Virtual bidding, Zeebrugge
All > Science > Energy > Energy Market
Forward markets for electricity to be supplied the following day. This market closes with acceptance by the independent system operator, power exchange, or scheduling coordinator of the final day-ahead schedule. Day-ahead is not a term commonly used for natural gas (“next day” is more common).
- Browse Related Terms: Basis, Daily Deals, Day-ahead markets, Floating Storage, National balancing point (NBP), Real-time market, Single settlement system, Spot market, Two-settlement system, Virtual bidding, Zeebrugge
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Providing capital by selling bonds, bills, or notes to individuals or institutions.
- Browse Related Terms: Basis Swaps, Credit rating, Daily (or Next-Day) Indexes, Debt financing, Electronic trading platform, Fixed price transactions, Floating price transactions, index, Market, Market structure, Power marketer, Project financing, Spread trading, Swaps
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Ten therms, same as one million British thermal units or one MMBtu.
- Browse Related Terms: 1 million British thermal units or 1 dekatherm (MMBtu), 1 million cubic feet (MMCF), dekatherm or decatherm (DTH), MCF, Therm
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An industry-designated location at which delivery may be made in fulfillment of contract terms.
- 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)
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Electrical consumption of a customer or area at a particular moment in time. Often averaged over an hour, and thus usually expressed in kilowatts or megawatts rather than kilowatt-hours or megawatt-hours. Used interchangeably with “load” when referring to energy requirements for a given customer or area.
- Browse Related Terms: Demand, Gigawatt (GW), Kilowatt (kW), Kilowatthour (kWh), Losses, Megawatt (MW), Megawatthour (MWh), Off-Peak, Tolling agreement, Watt (W), Watthour (Wh)
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The degree to which demand changes relative to a change in price.
- Browse Related Terms: Demand elasticity, Demand responsiveness/demand response, Load control, Load shedding, On-Peak, Pivotal supplier, Reserve margin, Rolling blackouts, Volumetric risk
All > Science > Energy > Energy Market
A change in demand for a good or service in response to a change in price for the good or service.
- Browse Related Terms: Demand elasticity, Demand responsiveness/demand response, Load control, Load shedding, On-Peak, Pivotal supplier, Reserve margin, Rolling blackouts, Volumetric risk
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Products of refinery distillation sometimes referred to as middle distillates; kerosene, diesel fuel, and home heating oil. No. 2 fuel oil is the most common of these products used for heating and in boilers.
- Browse Related Terms: Bus, Coalbed methane, Combined-cycle generators, Combined-cycle power plant, Combustion turbine, Distillate fuel oil, Dual-fueled (or dual-fired) unit, Generation, Generator, Heat rate, Merchant generator, Residual fuel oil, Steam plant, Turbine, Unconventional natural gas
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A generating unit that can produce electricity using two or more fuels. In some of these units, only the primary fuel can be used continuously; the alternate fuel(s) can be used only as a start-up fuel or in emergencies.
- Browse Related Terms: Bus, Coalbed methane, Combined-cycle generators, Combined-cycle power plant, Combustion turbine, Distillate fuel oil, Dual-fueled (or dual-fired) unit, Generation, Generator, Heat rate, Merchant generator, Residual fuel oil, Steam plant, Turbine, Unconventional natural gas