Relates to the portion of the forward curve starting at the beginning of the front season.
This is a payment made to households or businesses generating their own electricity through the use of low carbon or renewable methods. It was introduced to encourage the uptake of small-scale renewable energy.
This is a daily, monthly or quarterly charge levied by the supplier and is in addition to the standing charge.
This involves securing a fixed price per unit for the duration of the contract, irrespective of what happens in the energy market. In other words organisations will pay the same amount for every unit of energy they use, even if the supplier increases or decreases its prices. Some organisations prefer this approach as it offers greater budget forecasting and security.
This involves purchasing wholesale energy in smaller chunks, throughout the length of the contract, allowing organisations to choose how much and when they buy energy. Some organisations prefer this option as it allows them to react to favourable market conditions.
The estimated energy demand over a specified future period.
Gas or electricity for delivery in the first calendar season that occurs in the future, i.e. winter or summer.
This refers to a series of sequential prices for the future delivery of energy.
The price today for the delivery of a commodity to a specific location on a specified date in the future. These are often plotted on a graph and used to demonstrate market sentiment.
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