Uploaded image for project: 'OASIS Energy Market Information Exchange (eMIX) TC'
  1. OASIS Energy Market Information Exchange (eMIX) TC
  2. EMIX-300

Issue forwarded from EI. Suggestion from EI for consistent teminology across EI and EMIX with respect to Transactions.

    XMLWordPrintable

    Details

    • Type: Improvement
    • Status: Closed
    • Priority: Major
    • Resolution: Fixed
    • Affects Version/s: None
    • Fix Version/s: wd18
    • Component/s: None
    • Labels:
      None
    • Proposal:
      Hide

      I suggested that we eliminate the reference to Contract in the Glossary and replace with the following:

      A transaction binds two parties in the context of an Agreement.

      There is no need to introduce the word Contract any where in our documents.

      I suggest that a global replace of Contract by Transaction in both EMIX and EI. However each place we do a replace there may be cases where contract meant Agreement.

      Both EMIX and EI will also have a table of transactive states that includes definitions of transactions and tenders. I don't think we need more than this. In the explanation of these transactive states we can also indicate that bid and offer are other words for tender and an ISO auction Award is a transaction. However, for clarity we should use only the terms Tender and Transaction in our normative language and rest of the definitions of these terms we provide therein

      We can include a footnote to the effect that the term transaction used herein refers to an energy or business transaction and not to an information technology transaction.

      Show
      I suggested that we eliminate the reference to Contract in the Glossary and replace with the following: A transaction binds two parties in the context of an Agreement. There is no need to introduce the word Contract any where in our documents. I suggest that a global replace of Contract by Transaction in both EMIX and EI. However each place we do a replace there may be cases where contract meant Agreement. Both EMIX and EI will also have a table of transactive states that includes definitions of transactions and tenders. I don't think we need more than this. In the explanation of these transactive states we can also indicate that bid and offer are other words for tender and an ISO auction Award is a transaction. However, for clarity we should use only the terms Tender and Transaction in our normative language and rest of the definitions of these terms we provide therein We can include a footnote to the effect that the term transaction used herein refers to an energy or business transaction and not to an information technology transaction.
    • Resolution:
      Hide

      Reviewed each use of the word contract.

      Show
      Reviewed each use of the word contract.

      Description

      I am forwarding the following issue from from EI.
      Currently the Glossary states the following:

      Agreement is broad context that incorporates market context and programs. Agreement definitions are
      out of scope in Energy Interoperation. See Contract.

      Contracts are individual transactions entered into under an Agreement.

      And in many places in both the EI and EMIX documents the term Transaction and the term Contract are used when we mean the same thing.

        Attachments

          Activity

            People

            • Assignee:
              william.cox William Cox (Inactive)
              Reporter:
              ecazalet Edward Cazalet (Inactive)
            • Watchers:
              0 Start watching this issue

              Dates

              • Created:
                Updated:
                Resolved: