✨ Electricity Market Definitions
"Grid Reference Point" in relation to each Confirmation for:
(a) a South Island Transaction, means the South Island Settlement Node; and
(b) a North Island Transaction, means the North Island Settlement Node.
"Market Node" means:
(a) the North Island Market Node; or
(b) the South Island Market Node.
"Market Price" means:
(a) the North Island Market Price; or
(b) the South Island Market Price.
"Node" means:
(a) a Settlement Node; or
(b) a Market Node.
"North Island Transaction" means a Transaction for a Block under which Party B is the Fixed Price Payer.
"Notional Quantity" has the meaning given to it in the Head Agreement.
"Point of Connection" has the meaning given to that term in the Code.
"Pricing Date" means, in determining the Fixed Price of a Transaction, the last day of November immediately prior to the Effective Date of that Transaction.
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NZ Gazette 2010, No 177
✨ LLM interpretation of page content
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Agreement Clauses and Definitions
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🏭 Trade, Customs & IndustryElectricity, Transactions, Definitions, Confirmation, VAS Transactions, Fixed Price, Block, Effective Date