Terms are extrinsic to the product delivery but effect how each party interacts with others. Terms may be tied to basic operational needs, or state schedules of availability, or suggest limits on bids and prices acceptable. It is possible for a given party to offers its service to the market with different Terms and thereby receive different values. Terms may originate with the buyer, the seller, or the market context
Abstract extension object for Emix Terms
Collection of Emix Terms
Type of Abstract extension object for Emix Terms
The shortest Duration for which a request will be accepted.
The longest Duration for which a request will be accepted.
The minimum Duration after completion of a response before a new response can be begun.
The minimum Duration between successive responses that will be accepted.
The minimum Duration in advance of a proposed response that a notification will be accepted.
The maximum Duration in advance of a proposed response that a notification will be accepted.
Duration required from receipt of a request to supplying the full requested level of response, i.e., notification time plus response time.
Maximum number of requests for response that will be accepted during a Duration.
Maximum consecutive Durations in which a notification will be accepted, e.g., it will not accept requests on more than 3 consecutive days.
Maximum acceptable Duration for a proposed response
Minimum acceptable Duration for a proposed response.
A Schedule of time windows during which a response may be scheduled. A scheduled Duration must be entirely within a single instance of an availability window.
A schedule of time windows during which requests can be made.
A schedule of time windows for which no request for response will be accepted. No part of a requested Duration must coincide with an unavailability window.
Minimum net remuneration for any single response.
Minimum remuneration required for initiating a response.
The fewest requests that the resource will accept during any Duration.
Minimum remuneration acceptable per stated Duration of response, e.g., a minimum remuneration of $100 / hour.
Granularity defines the size of a market “bundle”. For example, a Market with a granularity of 10 MW, will only accept tenders, process transactions, and pay for delivery of Power in multiples of 10MW.
Standard Terms express overarching terms for a market context
If present in Standard Terms, then it specifies a single Product Description for all products in the market.
Temporal granularity of market, i.e., a 5 minute market operates in 5 minute chunks, with a fixed offset from the beginning of availability
Time Zone for communications in this market. Applies to "floating" time, i.e., expressions of time that are not in UTC or do not have a Time Zone indicated.
Currency for interactions. If present, becomes the default for all information models.
A collection of Standard Terms for this market
If present, this defines the period(s) that this RuleSet applies to, i.e., weekdays 9:00-5:00.
Some terms may have different interpretation as to side. A Buyer term may indicate "meet or exceed" well a seller expressing the same term may indicate "no worse than".
Defines how participants should handle terms not listed in the RuleSet
Participants must accept messages even if they contain rules not listed here that the party does not understand.
Participants must ignore any rule not listed
Participants must reject any message containing a rule not listed here unless is it understoo.
Participants in this market will reject all message containing rules not itemized in market rules.
A descriptive name than can be applied to any market context through the associated Standard Terms.