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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Recommendations aimed at improving reference prices in the UK’s wholesale ...
Recommendations aimed at improving reference prices in the UK’s wholesale electricity market were agreed at a recent meeting of the Power Trading Forum (PTF). The recommendations, for both day-ahead and month-ahead baseload reference prices, include: · Reference prices should be based on actual trades not price assessments. · The data source should be a centralised collection of transaction data from all electronic platforms (voice brokered trades subsequently entered on electronic trading platforms should be excluded). · Price, volume and time data for all trades making up the reference prices should be made available. Specific details on the mechanics of collection and publishing reference prices were not proposed as ‘it was not the intent of the working group to prescribe a market solution’.
News Item details
Region: UK
Keywords: Utilities
Subjects: Information technology, Trading, Transformation [Energy processing] (Conversion), Electricity generation, Electricity, Baseload plants
