About Interval Prices and Price Sets

Interval price sets represent set of interval pricing values used in various types of calculations, including event settlement transactions used with Digital Asset Management, settlement calculations used with Market Settlements Management, or pricing calculations used in billing or rating. Interval price values can include market prices or real-time prices. When using multiple sources of interval prices, each source might be represented by a different interval price set.

Interval prices are individual prices based on a defined interval size (for example, hourly prices).

Interval price are defined by the following data:

• Interval Price Set Type: The interval price set type on which the interval price set is based. The interval price set type defines a number of attributes of the price set, including the interval size for the price intervals (such as 1 hour, 15 minutes, and so on), and the unit of measure, time of use period, and service quantity identifier used to define the price values.

• External Identifier: An identifier for the interval price set used in external systems

• Time Zone: The time zone associated with the interval price set

• Interval Prices: A set of interval price values belonging to the interval price set, including the following:

  • Price Date/Time: The date and time of the interval price

  • Price: The price value (based on the unit of measure defined for the interval price set's type)

System Data

Interval Price Sets are based on the following system data:

Interval Prices are based on the following system data: