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GTMA meaning in Business ?

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.

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