Glossary

• Day-Ahead Price: Electricity price formed in the day-ahead market for delivery the next day.
• Bidding Zone: A defined market area within which market participants submit bids/offers.
• Capacity Factor: Actual output over a period divided by maximum possible output.
• TSO: Transmission System Operator responsible for transmission network operation.
• Outage (Planned/Unplanned): A temporary reduction or loss of generation capacity.