Glossary
A notional reference point in each region of the National Electricity Market where the Regional Reference Price is set for every half-hourly trading interval. Regional Reference Nodes are also used for calculating inter-regional loss factors, which are the loss incurred when transmitting electricity between two regions using regional interconnectors. See also Inter-Regional Loss Factors, Loss Factors and Regional Reference Price.
The wholesale pool price for a particular half-hourly trading interval. See also Dispatch Price, Regional Reference Node and Spot Price.
Where corporations conduct energy assessments of sample sites, fleets, technologies or processes that can be shown to be reasonably representative of other sites, fleets, technologies or processes.
Relating to the Western Australian Electricity Market: The amount of reserve capacity required in the Western Australian Electricity Market that is deemed necessary (by the Independent Market Operator (IMO)) to cover expected system peak demand. See also Independent market Operator and South West Interconnected System.
The minimum incremental financial benefit a party requires to compensate them for taking on a certain level of risk.
