In meeting forecast energy requirements at minimum cost National Grid trade energy related products forward in time (i.e. in advance of the Balancing Mechanism). There are three general categories of energy related products that National Grid purchase: Power Exchange Trades, Forward Energy Trades and Energy Balancing Contracts.
A Grid Trade Master Agreement (GTMA) is required to be in place to manage the trading relationship between National Grid and Counterparties.
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Reactive power services
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