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locational market clearing price

New Zealand electricity market — New Zealand s electricity market is regulated by the Electricity Industry Participation Code administered by the Electricity Authority (NZ). The Authority was established in November 2010 to replace the Electricity Commission (NZ) and its… … Wikipedia
Electricity market — An electricity market is a system for effecting the purchase and sale of electricity using supply and demand to set the price. Wholesale transactions in electricity are typically cleared and settled by the grid operator or a special purpose… … Wikipedia
Labour market flexibility — refers to the speed with which labour markets adapt to fluctuations and changes in society, the economy or production.DefinitionIn the past, the most common definition of labour market flexibility was the neo liberal definition. This entailed the … Wikipedia