Definitions for "Reference Price"
for a given day, the arithmetic mean of the "day-ahead offer" and "day-ahead bid" quotations as published by Energy Argus for the Zeebrugge hub on the following day plus a value specific to each Balancing Zone that reflects the average transportation costs on the path from Zeebrugge to the relevant Balancing Zone.
See minimum price system.
In an energy derivatives contract, the settlement price of the contract based on a particular location or particular blend of the commodity.
an internal price that consumers are believed to use to compare actual prices
Keywords:  agricultural, policy, common, see
See Common Agricultural Policy.