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Subject: [OASIS Issue Tracker] Created: (ENERGYINTEROP-439) Section 3 MinorEdits


Section 3 Minor Edits
---------------------

                 Key: ENERGYINTEROP-439
                 URL: http://tools.oasis-open.org/issues/browse/ENERGYINTEROP-439
             Project: OASIS Energy Interoperation TC
          Issue Type: Improvement
         Environment: Ed Cazalet
            Reporter: Edward Cazalet 
            Assignee: William Cox


Change paragraph begining on 323 to read
Transactive energy describes the established process of parties buying and selling energy based on tenders (buy or sell offers) that may lead to transactions among parties.  In open wholesale forward energy markets, a generator may tender a quantity of energy at a price over a future delivery interval of time to a customer.  Acceptance of a tender results in a binding transaction.  In some cases the transaction requires physical delivery of energy.  In other cases the transaction is settled for cash at a price determined by a prescribed price index.  The use of Energy Interoperation to enable present and future wholesale and retail energy markets and retail tariffs, including dynamic and multi-part tariffs is described in [TEMIX].  This section reviews the generic roles and interactions of parties involved in energy transactions.

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