Now that spot rates have come down, some of those loads may be offered on the spot market
"We expect the Spot Market
to go live towards the end of 2020," said Brian Wood, Director Planning & Economics, OPWP.
The electricity spot market
is scheduled to begin operational trials in 2019 and commercial operation in 2020.
* Protect the spot market
. New regulations should be developed to closely monitor the competition conditions in the spot market
and prevent further consolidation.
The firm intends to launch its spot market
"The spot market
is where the demand and the supply of electricity meet so that there will be an increased efficiency in the use of energy, DOE Undersecretary Wimpy Fuentebella said as he explained that the spot market
is like a dating place where compatibility among potential partners is determined.
The four prices in the chain are the crude oil price, spot market
price, wholesale price, and retail price.
Muscat: Oman plans to introduce a spot market
for electricity in an apparent move to enhance efficiency within the sector.
Besides the traditional long term contract, spot market
(and B2B market) has played a more and more important role in a firm's procurement strategy as a solution to those mismatches between supply and demand, especially with the development of information technology.
Turkey has imported two extra LNG cargoes from the spot market
following five it has already ordered from Qatar, the world's largest LNG exporter.
State-owned Abu Dhabi National Oil Co (Adnoc) will likely skip term diesel exports in 2014, a second consecutive year, and could instead make offers in the spot market
as domestic demand takes up most of the available supply, industry sources said.
The fact that the operator of the only power exchange in Romania is requiring electricity spot market
participants to hold a Romanian VAT registration is discrimination against companies on the basis of their nationality/place of establishment, in breach of EU anti-trust rules.
After having been reporting good profits for years, the company is now a burden for the balance sheets of its shareholders as a result of high-priced delivery contracts and low spot market
It has long-term sales and production agreements (SPAs) with Qatar for a total of 12 million tons per year (t/y) and in 2011 purchased a further 4 million tons of Qatari LNG on the spot market
Belgium imported 6.1m tonnes in 2011, up from 2.8m in 2007, some of which was re-exported through recently-expanded storage facilities at Zeebrugge port, designed to support the development of an LNG spot market