About Market Contracts

Market contract are agreements with the market operator (such as an Independent System Operator, or ISO) related to how settlement calculation results are sent to the market. Market contracts are related to a specific market, have a seller and buyer, as well as a date range for when they are effective.

Market contracts are defined by the following:

• Market Contract Type: The Market Contract Type for the contract. This defines the market in which the contract is in effect and the business object used to create the contract.
• Contract : A unique code for the contract, often provided by an external system
• Start Date / End Date: The date range during which the contract is in effect
• Seller: The market participant that serves as the Seller for the contract.
• Buyer: The market participant that serves as the Buyer for the contract.