means, in relation to a Step of the Reserve-Adjusted Offer Curve, that the Quantity corresponding to such Step is in whole or in part included in the Market Schedule Quantity.

means a Settlement Statement issued in respect of an Additional Energy Settlement Run or an Additional Scarcity Settlement Run, containing information specified in Market Rules

means an agreement in the form in Annex D-1 of Market Rules

means the electrical energy produced, flowing or supplied by an electric circuit during a time interval measured in units of MWh

means the Availability of a Pool Scheduling Unit in a Trading Period determined. after the Trading Period has elapsed

means the actual cost of procuring one MWh (Lower Heating Value, LHV) of the Fuel Type used by the Pool Unit

means the actual cost of procuring one MWh (Lower Heating Value, LHV) of the Back-Up Fuel Type used by the Pool Unit, if and when applicable

means a Daily Energy Settlement Statement in respect of an Additional Energy Settlement Run

means a Settlement Run for the calculation of Energy Charges which takes place after the Confirmed Energy Settlement Run

means a Market Schedule Run which takes place after the Confirmed Market Schedule Run

means a Monthly Energy Settlement Statement in respect of an Additional Energy Settlement Run

means a Monthly Scarcity Settlement Statement in respect of an Additional Scarcity Price Run

means a further Pool Run in accordance with Market Rules

means the amount of Realised Unpaid Scarcity Value for which Scarcity Credits can be determined, calculated in accordance with Market Rules

means a Settlement Run for the calculation of Scarcity Charges which takes place after the Confirmed Scarcity Settlement Run

means an Additional Energy Settlement Run or Additional Scarcity Settlement Run

means Preliminary Scarcity Credit adjusted by the Preliminary Scarcity Scaling Factor, calculated in accordance with Market Rules

has the meaning given in Section N.4.4.1(j) of Market Rules

has the meaning given in Section O.3.4 of Market Rules

means the approach for determining SMP if it is not possible to set SMP based on the Solution of a Market Schedule Run

means the Approved Methodology referred to in Market Rules for determining a value of SMP under Administered Pricing

has the meaning given in Section P.5.1.4 of Market Rules

means the sum of the SMP and the Scarcity Price for a Trading Period

means, in respect of each Year, a report on the implementation of the Market Rules and the operation of the Pool in that Year

means the maximum possible cumulative Scarcity Credit amount for a Year, as determined by the Authority in accordance with Section M.5.4.1 of the Market Rules

means the sum of Supplemental Scarcity Credit in a Year, calculated in accordance with Section M.6.3.10 of the Market Rules

has the meaning given in Section D.3.2.1

means the fee payable by an Applicant to the Market Operator under Section D.3.2.1(c) of the Market Rules

means a methodology (for doing anything required or permitted by the Market Rules) prepared by the Market Operator or the Power Procurer or the Transmission Company and approved by the Authority

means the Year in respect of which a Market Audit is to be carried out

means the authority established pursuant to Article (19) of the Sector Law, being the Authority for Electricity Regulation, Oman

means a person who Generates electricity for the purposes of Self-Supply (as defined in the Sector Law)

means a flag on a Production Block in an Autogenerator Production Facility which indicates whether all the GenSets in that Production Block are treated as an Autogenerator Production Unit

has the meaning given in Section E.2.1.2 of the Market Rules

has the meaning given in Section E.2.4.2 of the Market Rules

means the Approved Methodology referred to in Section E.2.12.1 of the Market Rules for determining Certified Availability

means a Scarcity Price Run which takes place after the Confirmed Market Schedule Run