What is the definition of Confirmed Interchange?

The definition of Confirmed Interchange refers to the status achieved when all necessary parties involved have approved the Arranged Interchange. This approval is essential because it ensures that all entities agree on the conditions and details of the energy transfer, such as the quantity of electricity, the time frame for delivery, and the applicable rates. Achieving this confirmed status is critical to maintaining reliability and coordination in the power grid, as it signifies a mutual understanding and agreement on the interchange transaction.

In the context of energy trading and system operations, having a confirmed interchange helps ensure that all operational protocols are followed and that there are no misunderstandings or disputes among the parties involved. This status guarantees that the energy transfer can proceed smoothly and that the system operator can effectively manage the flow of electricity across different regions without complications.

Other options suggest situations where the interchange is either not fully accepted or executed without the requisite approvals, which does not align with the established definition of confirmed interchange.