Glossary Term: Price Average Reference Volume

Acronym: PAR

The Price Averaging Reference Volume is used to define a limit on the total volume of priced actions which are not De Minimis, Arbitrage, CADL or NIV Tagged that can be used to calculate the Main Price. For the purposes of the Code the “Price Average Reference Volume” (PAR) shall be 50 MWh. Has the meaning given to that term in Section T1.10

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