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Subject: [OASIS Issue Tracker] Created: (ENERGYINTEROP-440) 461 conformlanguage regarding option parties to that of EMIX.
461 conform language regarding option parties to that of EMIX.
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Key: ENERGYINTEROP-440
URL: http://tools.oasis-open.org/issues/browse/ENERGYINTEROP-440
Project: OASIS Energy Interoperation TC
Issue Type: Improvement
Environment: Ed Cazalet
Reporter: Edward Cazalet
Assignee: William Cox
Fix For: wd24
Change paragraph beginning on 461 to
Two parties can also engage in an option transaction. An option is a promise granted by one Party (Option Writer) to a second Party (Option Holder) usually for a premium payment. The Option Holder is granted a right to invoke specific transactions for energy that the Option Writer promises to deliver. Demand response, ancillary services, and price cap transactions are forms of options. Any Party may take the role of a Buyer or Seller of a tender for an option transaction.
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