NAESB-WEQ-DETAIL

NAESB wholesale electricity quadrant.

Definition

NAESB WEQ Version 3.4 (stable release) standardises inter-BA (Balancing Authority) transactions, wheel-through schedules, congestion revenue rights. XML/EDI format. Standardisation by 8 NAESB quadrants (4 electricity + 4 gas). Members: utilities, marketers, customers, ISO/RTOs. FERC recognition for US wholesale market opening.

Origin

NAESB founded 2002 by GISB+initial NAESB merger ; WEQ Version 3 published 2010.

Example in context

An energy trader uses PJM ISO OASIS to reserve Mid-Atlantic transmission capacity ; standardised NAESB WEQ 015 transactions.

Related terms

• NAESB WGQ — wholesale gas.