GTMA meaning in Business ?

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Answer:

What is Grid Trade Master Agreement mean?

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

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.

reference
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Posted on 21 Dec 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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