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Grid Trade Master Agreement

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Grid Trade Master Agreement

The Grid Trade Master Agreement (GTMA) is an agreement for trading electricity within the United Kingdom.[1]

It is normally used either when a power station has excess electricity, which it wishes to "sell back" to the power grid, or when the electricity company wishes to buy surplus power to meet a surge in demand, or reduction in supply.

Although electricity is a non-tangible asset, these agreements are used in order to trade guarantees to provide power for a certain length of time.

Notes

  1. ^ http://www.foa.co.uk/documentation/gtma/gtmajune2004.pdf
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