Glossary
MID
Market Index Data: the day-ahead/within-day wholesale reference price (£/MWh), from APX/N2EX. We use it as a context line next to the imbalance price.
More terms
- Balancing Mechanism (BM)
- BESS
- BM Unit (BMU)
- BMRS
- Carbon intensity
- CCGT / OCGT
- Curtailment
- DNO region
- Elexon
- Embedded (distributed) generation
- GB vs UK
- Generation mix
- Grid frequency
- Imbalance / cash-out price
- INDO / NDF
- Interconnector
- ITSDO / TSDF
- Metered / transmission-connected
- NESO
- NIV (Net Imbalance Volume)
- PN (Physical Notification)
- PS / NPSHYD
- PV Live
- REMIT
- REPD
- Settlement period