Spreadsheet: mark_taylor__24725__ClickInTradingProducts
Sheet: UKPower

Short Description Boxes for UK Power |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | FOR OPTIONS
E&W Power Pool |  | Calendar Type |  | Term |  | Year |  | Reference Variable |  | [NAME] |  | Currency |  | Units |  | Option Type |  | Option Strike |  | Expiration Date
Swap |  | EFA |  | Day Ahead |  | 1999 |  | PPP |  | Baseload |  | USD |  | MWh |  | Call Swaption
Option |  | Calendar |  | Week Ahead |  | 2000 |  | SMP |  | Peak (WD345) |  | GBP |  |  |  | Put Swaption
 |  |  |  | Balance of Month |  | 2001 |  | LOLP |  | Off-Peak (WD126+WE) |  | EUR
 |  |  |  | Summer |  |  |  |  |  | LS44
 |  |  |  | Winter |  |  |  |  |  | Extended Peaks (WD3456)
 |  |  |  | Monthly (Jan - Dec) |  |  |  |  |  | Overnights (WD12+WE12)
 |  |  |  | Year Starting in October
 |  |  |  | Year Starting in April
Notes: | UK Power Physical trading may become possible in Apr-2001.
 | EFA/Calendar price conversion should be done on the screen => this may require input of EFA Calendar into the Online Trading Database.
Long Descriptions
Calendar Type | EFA |  | Electricity Forward Agreement calendar defined by England and Wales Power Pool Rules
 | Calendar |  | the worldwide conventionally accepted Georgian calendar.
Term | EFA Day Ahead |  | half hours between 11:00 p.m. today and 11:00 p.m. tomorrow inclusive
 | Calendar Day Ahead |  | half hours between 00:00 a.m.tomorrow and 00:00 a.m.the day after tomorrow inclusive
 | EFA Week Ahead |  | half hours between 11:00 p.m. on the closest Sunday and 11:00 p.m. on the Sunday following week
 | Calendar Week Ahead |  | half hours between 00:00 a.m. on the closest Monday and 00:00 a.m. on Monday one week later
 | EFA Balance of Month |  | half hours between 11:00 p.m. today and 11:00 p.m. on the last day of the current EFA month, I.e. according to the Electricity Forward Agreement calendar defined by England and Wales Power Pool Rules
 | [NAME] of Month |  | half hours between 00:00 a.m. tomorrow and 00:00 a.m. on the first day of the next calendar month
 | EFA Summer |  | half-hour periods between EFA weeks 14 and 39 inclusive according to the Electricity Forward Agreement calendar defined by England and Wales Power Pool Rules
? | Calendar Summer |  | half-hour periods between
 | EFA Winter |  | half-hour periods between EFA weeks 40 in the Year 1999 and 13 in the Year 2000 inclusive, according to the Electricity Forward Agreement calendar defined by England and Wales Power Pool Rules
 | Month (Jun, Jul etc.) EFA or Calendar - all half hours between 11:00 p.m. on the last day of the previous EFA month (pick the date from EFA Calendar in the Database) and 11:00 p.m. on the last day of the EFA month |  | Month (Jun, Jul etc.) EFA or Calendar - all half hours between 11:00 p.m. on the last day of the previous EFA month (pick the date from EFA Calendar in the Database) and 11:00 p.m. on the last day of the EFA month
 | inclusive (for EFA) or between 00:00 a.m. on the first day of the calendar month and  00:00 a.m. on the first day of the next calendar month (for calendar). |  | inclusive (for EFA) or between 00:00 a.m. on the first day of the calendar month and  00:00 a.m. on the first day of the next calendar month (for calendar).
Reference Variable |  | LOLP | Loss of Load Probability or capacity payment in £/MWh as published for each half-hour by England and Wales Power Pool
 |  | SMP | System Marginal Price in £/MWh as published for each half-hour by England and Wales Power Pool
 |  | PPP | Pool Purchase Price in £/MWh which is the sum of LOLP and SMP prices, as published for each half-hour by England and Wales Power Pool
[NAME] | Baseload |  | contract settles against the average for all half-hour periods
 | Peak |  | contract settles against the average for half-hour periods in EFA slots [NAME], WD4 and WD5, according to the Electricity Forward Agreement calendar defined by England and Wales Power Pool Rules
 | Off-Peak |  | contract settles against the average for half-hour periods in EFA slots WD1, WD2, WD6 and all wekends, according to the Electricity Forward Agreement calendar defined by England and Wales Power Pool Rules
 | [NAME] (LS44) |  | contract settles against the average for all half-hour periods with doubled volumes for harf-hour periods in EFA slots [NAME], WD4 and WD5, according to the Electricity Forward Agreement calendar defined by England and Wales Power Pool Rules
 | Extended Peaks (WD3456) |  | Extended Peaks (WD3456) hours contract settles against the average of PPP/SMP/LOLP for half-hour periods in EFA slots [NAME], WD4, WD5 and WD6, as defined by England and Wales Power Pool, for that EFA/Calendar term.
 | Overnights (WD12+WE12) hours contract settles against the average of PPP/SMP/LOLP for half-hour periods in EFA slots WD1, WD2, WE1 and WE2, as defined by England and Wales Power Pool, for that EFA/Calendar term. |  | Overnights (WD12+WE12) hours contract settles against the average of PPP/SMP/LOLP for half-hour periods in EFA slots WD1, WD2, WE1 and WE2, as defined by England and Wales Power Pool, for that EFA/Calendar term.
Option Type | Call Swaption gives the buyer a right, but not an oblogation to buy.
 | Put Swaption gives the buyer a right, but not an oblogation to sell.
Examples:
Short Description: | UK Power Swap, EFA Day Ahead, LOLP, Baseload
Long Description: | This is an EFA Day Ahead Baseload Contract for Differences against LOLP as published by England and Wales Power Pool.
 | It covers all half hours between 11:00 p.m. today and 11:00 p.m. tomorrow inclusive for capacity payment in £/MWh as published
 | for each half-hour by England and Wales Power Pool.
Short Description: | UK Power Call Swaption, Calendar Day Ahead, PPP, Baseload, Strike 22£/MWh, Exp. 30/06/99
Long Description: | This is a Call Option that gives the buyer a right, but not an oblogation to buy at 22 £/MWh, at any time on or before 05:00 p.m. on 30/06/99,
 | Calendar Day Ahead Baseload Contract for Differencies against PPP as published by England and Wales Power Pool.
 | It covers all half hours between 00:00 a.m.tomorrow and 00:00 a.m.the day after tomorrow inclusive, for Pool Purchase Price in £/MWh
 | which is the sum of LOLP and SMP prices, as published for each half-hour by England and Wales Power Pool