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  1. OASIS Energy Interoperation TC
  2. ENERGYINTEROP-440

461 conform language regarding option parties to that of EMIX.

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    Details

    • Type: Improvement
    • Status: Closed
    • Priority: Major
    • Resolution: Fixed
    • Affects Version/s: wd24
    • Fix Version/s: wd25
    • Component/s: spec
    • Labels:
      None
    • Environment:

      Ed Cazalet

    • Proposal:
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      Change paragraph beginning on 461 to

      Two parties MAY also engage in an option transaction. An option is a promise granted by one Party (the Promissor, or informally, the option writer) to a second Party (the Promissee, or informall, the option holder) usually for a premium payment. The Promissee is granted a right to invoke specific transactions for energy that the Promissor promises to deliver. Demand response, ancillary services, and price cap transactions are forms of options. Any Party may take the role of a Buyer or Seller of a tender for an option transaction.

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      Change paragraph beginning on 461 to Two parties MAY also engage in an option transaction. An option is a promise granted by one Party (the Promissor, or informally, the option writer) to a second Party (the Promissee, or informall, the option holder) usually for a premium payment. The Promissee is granted a right to invoke specific transactions for energy that the Promissor promises to deliver. Demand response, ancillary services, and price cap transactions are forms of options. Any Party may take the role of a Buyer or Seller of a tender for an option transaction.

      Description

      Change paragraph beginning on 461 to

      Two parties can also engage in an option transaction. An option is a promise granted by one Party (Option Writer) to a second Party (Option Holder) usually for a premium payment. The Option Holder is granted a right to invoke specific transactions for energy that the Option Writer promises to deliver. Demand response, ancillary services, and price cap transactions are forms of options. Any Party may take the role of a Buyer or Seller of a tender for an option transaction.

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            • Assignee:
              ecazalet Edward Cazalet (Inactive)
              Reporter:
              ecazalet Edward Cazalet (Inactive)
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              • Created:
                Updated:
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