RE: FW: [emix] Call and Put Options for EMIX.

["David RR Webber \(XML\)" <david@drrw.info>]

Toby,

I'm still grappling with all this - and seeing we need tiered layers and clear separation.

Right now we seem to be mixing it all into one big cement mixer and grinding it up - that is NOT good!

OK - so who many types of EMIX messages are we building?

- Tier 1 - eMarketplace for commodity trading (EMIX-CT)

- Tier 2 - Contract, marketplace and delivery management (EMIX-eBay)

- Tier 3 - Power delivery (EMIX-PWR)

I'd suggest that Tier 1 - we really need to look at existing stuff - like TWIST - instead of reinventing the wheel. And then just publish a TWIST-EMIX profile and workflow patterns with specific power-centric criteria / codelists / vocabulary.

Similarly Tier 2 - OASIS ebXML Contract work covers this already - again just need a profile showing how.

Tier 3 - OK - this is IMHO where we do build XML - maybe two sets EMIX-PWR (power exchange) and EMIX-GRID (device configuration)

So the answer to the question is Yes!  But lets see how to do that using existing work like TWIST...?

Thanks, DW

-------- Original Message --------
Subject: FW: [emix] Call and Put Options for EMIX.
From: "Considine, Toby (Campus Services IT)" <Toby.Considine@unc.edu>
Date: Wed, May 12, 2010 6:55 pm
To: "emix@lists.oasis-open.org" <emix@lists.oasis-open.org>

Feedback on ed's question, please

Or is it in EnergyInterop


"If flies are allowed to vote, how meaningful would a poll on what to have for dinner be, and what would be on the menu?" -  Unknown

Toby Considine
Chair, OASIS oBIX Technical Committee
Co-Chair, OASIS Technical Advisory Board
Facilities Technology Office
University of North Carolina
Chapel Hill, NC
  
Email: Toby.Considine@ unc.edu
Phone: (919)962-9073
http://www.oasis-open.org
blog: www.NewDaedalus.com


-----Original Message-----
From: ed@cazalet.com [mailto:ed@cazalet.com]
Sent: Friday, March 19, 2010 8:45 PM
To: emix@lists.oasis-open.org
Subject: [emix] Call and Put Options for EMIX.

Call and Put Options for EMIX.

A standard transaction for a commodity is a put or call option.

A call (or put) option for energy will have the same EMIX elements as the underlying energy commodity with two additional elements:

1. The strike price that the buyer (seller) will pay for energy delivered on demand.

2. The expiration time, which could be expressed as an time span before the deliver interval. For example, the option for energy for a given hour could expire 10 min before the hour begins.

I suggest we make this a part of our EMIX message - probably optional.