means Nama Power and Water Procurement Company SAOC

means the Power and Water Procurement Licence granted to PWP on 1 May 2005 (as amended)

has the meaning given in Section E.3.1.1 of the Market Rules, and Participate and Participating are to be construed accordingly

means a person who is party to the Framework Agreement and thereby bound by the Market Rules Document and includes Original Parties and New Parties

means the systems to be established, operated and maintained by (respectively) each Generator, the Power Procurer and the Transmission Company for the purposes of sending and receiving Data Records and other Data to and from the Market IT System

has the meaning given in Section O.2.4.1 of the Market Rules

means the arrangements, constituted by the Market Rules, establishing a market for setting a System Marginal Price and a Scarcity Price for each Trading Period, and determining Debits and Credits in respect of the Output and Availability of Participating Production Units and (other than for Non-Pool-Based Contracted Production Units) payment of such Debits and Credits and trading such Output

means Energy Charges and Scarcity Charges

means the Demand to be served by the Pool in a Trading Period, determined (Ex-Ante and Ex-Post) in accordance with Section K.2.1 of the Market Rules

means an invoice issued by the Market Operator to a Pool Participant in respect of Pool Charges payable by that Pool Participant

has the meaning given in Section F.2.1.2

means the objectives set out in Section A.3

means Generators and PWP as Power Procurer

means the maximum permitted value for the System Marginal Price, determined in accordance with Section I.4.1.1

means the minimum permitted value for the System Marginal Price, determined in accordance with Section I.4.1.1

means System Marginal Price and/or Scarcity Price as appropriate

means a Market Schedule Run, a Scarcity Price Run or a Settlement Run as appropriate

means the timetable for Pool processes set out in Section I.6.2 of the Market Rules

means a contract (other than the Market Rules) between a Generator and the Power Procurer under which all or any part of the capacity and/or Output and/or Ancillary Services of a Production Facility is purchased by the Power Procurer or under which payments are otherwise made (between the parties to the Contract) by reference to all or any part of the capacity, Availability, Ancillary Services or Output of such Production Facility

means PWP acting in the capacity of power procurer pursuant to the PWP Licence other than the conditions relating to the Market Operator, including in the capacity provided in the Market Rules in relation to Demand Side Arrangements

has the meaning given in Section E.2.7 of the Market Rules

has the meaning given in Section E.2.7 of the Market Rules

means either (i) an entity having an Appropriate Person / licence “minded to grant” letter from  the Authority ; or (ii) such other person qualifying under a mechanism / criteria to be published by the Authority