Spreadsheet: mark_taylor__24728__ClickInTradingProducts
Sheet: UKPower

UK Power
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 |  | 22 |  | 1999-06-30 00:00:00
Option |  | Calendar |  | Week Ahead |  | 2000 |  | SMP |  | Peak (WD345) |  | GBP |  | kWh |  | 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 00:00 a.m. on 1st of April and 00:00 a.m. on the 1st of October
 | 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
 | Calendar Winter |  |  | half-hour periods between 00:00 a.m. on 1st of April and 00:00 a.m. on the 1st of October
 | EFA Month (Jan - Dec) |  |  | 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
 | Calendar Month (Jan - Dec) |  |  | half hours 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
 | EFA Year Starting in October |  |  | half hours between 11:00 p.m. on 30th of September and 11:00 p.m. on 30th of September one year later
 | Calendar Year Starting in October |  |  | half hours between 00:00 a.m. on 1st of October and 00:00 a.m. on 1st of October one year year
 | EFA Year Starting in April |  |  | half hours between 11:00 p.m. on 31st of March and 11:00 p.m. on  31st of March one year later
 | Calendar Year Starting in April |  |  | half hours between 00:00 a.m. on 31st of March and 00:00 a.m. on 31st of March one year later
Reference Variable
 | LOLP |  | 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 |  | against the average of all half-hour periods
 | Peak |  | against the average of 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 |  | against the average of half-hour periods in EFA slots WD1, WD2, WD6 and all weekends, according to the Electricity Forward Agreement calendar defined by England and Wales Power Pool Rules
 | [NAME] (LS44) |  | against the average of all half-hour periods with doubled volumes 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
 | Extended Peaks (WD3456) |  | against the average of half-hour periods in EFA slots [NAME], WD4, WD5 and WD6, according to the Electricity Forward Agreement calendar defined by England and Wales Power Pool Rules
 | Overnights (WD12+WE12) |  | against the average of half-hour periods in EFA slots WD1, WD2, WE1 and WE2,  according to the Electricity Forward Agreement calendar defined by England and Wales Power Pool Rules
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.
 | European Call Option |  | An agreement whereby the buyer (the holder) has the right but not the obligation to buy electricity for a specified price on a specified exercise date in exchange for a premium payment
 | European Put Option |  | An agreement whereby the buyer (the holder) has the right but not the obligation to sell electricity for a specified price on a specified exercise date in exchange for a premium payment
Currency | USD |  | United States Dollar
 | GBP |  | Pounds Sterling
 | EUR |  | EUROs
Units | MWh |  | [NAME] (1,000,000 watts) hour, where watt is a unit of electrical power equivalent to one joule per second
 | kWh |  | Kilowatt (1,000 watts) hour, where watt is a unit of electrical power equivalent to one joule per second
Examples:
Short Description: | UK Power Swap, EFA Day Ahead, LOLP, Baseload, £/MWh
Long Description:
Short Description: | UK Power Call Swaption, Calendar Day Ahead, PPP, Baseload, Strike 22£/MWh, Exp. 30/06/99, £/MWh
Long Description: