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A-Z Finder

 

F

    Final Modification Recommendation

    means a recommendation by the Modifications Committee in relation to a Modification Proposal which is submitted to the Regulatory Authorities for approval as part of a Modification Recommendation Report.

     

    Final Settlement

    means the last Timetabled Settlement Rerun for a Trading Day.

     

    Firm Access Quantity

    means the quantity of Output that a Generator Unit has firm rights under a Connection Agreement to be able to export onto the system at the point of Connection.

     

    First Participation Information Notice

    means a notice to be submitted by a Party (or Applicant, as applicable) with or prior to that Party’s first Participation Notice for its first registration of a Unit or Units, in the form set out in Agreed Procedure 1 “Participant and Unit Registration and Deregistration”.

     

    Fixed Capacity Payments Proportion

    means the proportion, set for the relevant Year in accordance with paragraphs 4.95 to 4.98, of the Capacity Period Payment Sum to be distributed into each Trading Period in the relevant Year.

     

    Fixed Credit Requirement

    means the minimum Credit Cover requirement for any Participant in respect of each of its Generator Units and separately in respect of each of its Supplier Units.

    For more information on Credit please click here

    Fixed Market Operator Charge

    means the Fixed Market Operator Generator Charge or the Fixed Market Operator Supplier Charge or both as appropriate.

    For more information on charges, please click here

    Fixed Market Operator Generator Charge

    means the charges proposed annually by the Market Operator to be applied in respect of each Generator Unit and approved by the Regulatory Authorities.  Such charges may be different for each Generator Unit.

    For more information on charges, please click here

    Fixed Market Operator Supplier Charge

    means the charges proposed annually by the Market Operator to be applied in respect of each Supplier Unit and approved by the Regulatory Authorities.  Such charges may be different for each Supplier Unit.

    For more information on charges, please click here

    Force Majeure

    means circumstance of force majeure for the purposes of the Code as set out in paragraph 2.328.

     

    Forecast Availability

    means the Availability for a Generator Unit included in a Forecast Availability Profile.

     

    Forecast Availability Profile

    means a projection of Availability for a Generator Unit calculated in accordance with paragraph 4.28.

     

    Annual Combined Load Forecast

    means the sum of the submitted values for each Trading Period h, of the Annual Load Forecast for each Jurisdiction within the relevant Year.

     

    Forecast Minimum Output Profile

    means a projection of Minimum Output for a Generator Unit calculated in accordance with paragraph 4.29.

     

    Forecast Minimum Stable Generation Profile

    means a projection of Minimum Stable Generation for a Generator Unit calculated in accordance with paragraph 4.30.

     

    Form of Authority

    means a form of authority for the appointment of an Intermediary in the form set out in Appendix C: “Form of Authority”.

     

    Four Day Load Forecast

    means the forecast of Demand to be met by Generator Units (other than Autonomous Generator Units that are not Wind Power Units) at the point where the Units are Connected (i.e. prior to the application of Combined Loss Adjustment Factors), but net of Unit Load for Generator Units, for each Trading Period in the next four Trading Days.

     

    Four Day Load Forecast Data Transaction

    is a Data Transaction in relation to Four Day Load Forecasts detailed in Appendix K: “Market Data Transactions”.

     

    Framework Agreement

    means the agreement (including any Accession Deed) under which a person becomes bound by the Code.

     

    Freedom of Information Acts

    means the Freedom of Information Acts 1997 and 2003 (Ireland) and the Freedom of Information Act 2000 (United Kingdom).

     

    Fuel Type

    The fuel or fuels registered in accordance with the Grid Code as  the principal fuel(s) authorised for energy production by the Generator Unit.

     

    Function for the Determination of Capacity Payments

    means the methodology by which the basis for the fixed, variable and ex-post elements of Capacity Payments are calculated, as set out in Appendix M: “Description of the Function for the Determination of Capacity Payments”.

     

SEMO is a joint venture between EirGrid PLC and SONI Limited