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GTMA
The Grid Trade Master Agreement (GTMA) is an agreement for trading electricity within the United Kingdom. It is normally used either when a power station has excess electricity, which it wishes to "sell back" to the power grid, or when the electricity company wishes to buy surplus power to meet a surge in demand, or reduction in supply. Although electricity is a non-tangible asset, these agreements are used in order to trade guarantees A contract is a legally enforceable agreement between two or more parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goods, services, money, or a promise to tr ... to provide power for a certain length of time. Notes Electric power in the United Kingdom {{Electric-power-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Electricity Trading Arrangements
New Electricity Trading Arrangements (NETA) is the system of market trading arrangements under which electricity is traded in the United Kingdom's wholesale electricity market as of 27 March 2001. The arrangements provided that parties could trade off their imbalances close to real time. BETTA As of April 2005, NETA changed its name to the British Electricity Trading Transmission Arrangements, and expanding to become the single Great Britain electricity market of England, Wales and Scotland. See also * Electricity billing in the UK * National Grid (UK) * Grid Trade Master Agreement References External linksneta - Electricity Summary Page (live NETA information) ELEXON Limited Former nationalised industries of the United Kingdom Electric power in the United Kingdom Electricity supply industry The electric power industry covers the generation, transmission, distribution and sale of electric power to the general public and industry. The commodity sold is actually ene ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Power Grid
An electrical grid is an interconnected network for electricity delivery from producers to consumers. Electrical grids vary in size and can cover whole countries or continents. It consists of:Kaplan, S. M. (2009). Smart Grid. Electrical Power Transmission: Background and Policy Issues. The Capital.Net, Government Series. Pp. 1-42. * power stations: often located near energy and away from heavily populated areas * electrical substations to step voltage up or down * electric power transmission to carry power long distances * electric power distribution to individual customers, where voltage is stepped down again to the required service voltage(s). Grids are nearly always synchronous, meaning all distribution areas operate with three phase alternating current (AC) frequencies synchronized (so that voltage swings occur at almost the same time). This allows transmission of AC power throughout the area, connecting a large number of electricity generators and consumers and potential ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guarantees
A contract is a legally enforceable agreement between two or more Party (law), parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goods, Service (economics), services, money, or a promise to transfer any of those at a future date. In the event of a breach of contract, the injured party may seek legal remedy, judicial remedies such as damages or Rescission (contract law), rescission. Contract law, the field of the law of obligations concerned with contracts, is based on the principle that pacta sunt servanda, agreements must be honoured. Contract law, like other areas of private law, varies between jurisdictions. The various systems of contract law can broadly be split between common law jurisdictions, civil law (legal system), civil law jurisdictions, and mixed law jurisdictions which combine elements of both common and civil law. Common law jurisdictions typically require contracts to include con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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