Meaning of Terms
- Title Transfer Facility (TTF) is a virtual market place, comparable to the UK NBP natural gas hub, where the title to ownership of natural gas in the Dutch natural gas grid can be transferred. Using TTF, gas that is brought into the national gas transmission grid via an entry point can easily change ownership before it leaves the national gas transmission grid at an exit point. TTF serves to promote gas trading.
At the moment APX / ENDEX has been appointed by the Ministry of Economic Affairs for the Dutch gas market. APX / ENDEX operates as a physical, short-term exchange with delivery on TTF. Future contracts are traded on ENDEX, also with delivery on TTF. - West Texas Intermediate (WTI), also known as Texas Light Sweet, is a type of crude oil used as a benchmark in oil pricing and the underlying commodity of New York Mercantile Exchange's oil futures contracts.
WTI is light crude, lighter than Brent crude. It contains about 0.24% sulfur, rating it sweet crude, again sweeter than Brent. - Zeebrugge Hub is the natural gas trading point in Belgium. It is connected to the National Balancing Point (UK) via the Interconnector.
- For EMP Specific Data
- Generation costs for Nuclear are indicative prices of cost for generating electricity by a nuclear plant. Capital costs based on an "overnight construction" at current market conditions. Uranium prices updated daily.
- Generation costs for Gas Fired Plant are indicative prices of cost for generating electricity by a Gas Fired Plant. Capital costs based on an "overnight construction" at current market conditions. Nat gas prices updated daily and including specific transport charges. Plant efficiency of 56% is considered.
- Generation costs for Coal Fired Plant are indicative prices of cost for generating electricity by a Coal Fired Plant. Capital costs based on an "overnight construction" at current market conditions. Coal prices updated daily and including specific transport charges to the ARA Area. Plant efficiency of 34% is considered.
- EMP Fundamental prices are developed by EnergyMarketPrice analysts on the basis of a range of criteria pertinent for the respective markets These curves have as a sole aim to help understanding the influence of different factors on real market prices.
- EMP fundamental price for Oil takes into consideration US refinery capacity, crude runs, EIA crude stock levels and speculative positions in crude oil at NYMEX.
- EMP fundamental prices for electricity are calculated on the basis of modeled oil, natural gas, uranium, coal, carbon emissions transposed to the national power parks (taking also into account nuclear outages, were relevant).
For the EMP fundamental prices for electricity in each country, a specific generation mix has been considered. Please see our power map on site for the % of generation mix for each country
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