Electric Service Provider

 

Definition: An entity that provides electric service to a retail or end-use customer.

 

Electric Utility

 

Definition: A corporation, person, agency, authority, or other legal entity or instrumentality that owns and/or operates facilities within the United States, its territories, or Puerto Rico for the generation, transmission, distribution, or sale of electric energy primarily for use by the public and files forms listed in the Code of Federal Regulations, Title 18, Part 141. Facilities that qualify as cogenerators or small power producers under the Public Utility Regulatory Policies Act (PURPA) are not considered electric utilities.

 

Electrical Spikes

 

Definition: Fast, short-duration electrical transients (a temporary excess of voltage and/or current in an electrical circuit that has been disturbed).

 

Electricity Forward Agreement

 

Definition: A contract calling for the delivery of and payment for electric power in a future period.

 

Electricity Forward Agreement Day

 

Definition: A twenty-four-hour period commencing at 23:00.

 

Electricity Forward Agreement Month (EFA Month)

 

Definition: A month calculated in accordance with a pattern of days generally known in the UK electricity market and not necessarily equating with a calendar month.

 

Electricity Forward Agreement Quarter

 

Definition: A quarter calculated in accordance with a pattern of days generally known in the UK electricity market.

 

Electricity Forward Market

 

Definition: A brokered over-the-counter market in the UK for short to medium-term electricity derivative instruments, of which the most widely used is the electricity forward agreement.

 

Elexon

 

Definition: The balancing and settlement code company that procures and provides services to administer and implement the balancing and settlement rules. Signatories to the BSC contribute to the costs of Elexon. Charges are levied to recover the costs of running Elexon.

 

Elliott Wave Theory

 

Definition: A theory of market behavior published by Ralph Nelson Elliott in the 1930s. According to the theory, the stock market follows a pattern of five waves up and three waves down to form a complete cycle.

 

Embedded Costs

 

Definition: The cost of all the facilities in electricity or natural gas supply system.

 

EU Emissions Trading Scheme (EU ETS)

 

Definition: One of the policies being introduced across Europe to reduce emissions of carbon dioxide.

 

Emission Reduction Unit (ERU)

 

Definition: One tonne of CO2 equivalent abatement is achieved through a joint implementation project. ERUs can be traded in greenhouse gas trading systems.

 

End-User

 

Definition: The consumer of electricity or gas.

 

End of Curve Pricing

 

Definition: The extension of an existing energy or gas contract with the permission of a supplier. 

 

Entry Cost

 

Definition: A tariff for using the UK’s national gas transmission system.

 

European Emission Allowance (EUA)

 

Definition: Carbon credit that is issued under the EU ETS, equivalent to one tonne of CO2.

 

European Energy Exchange

 

Definition: An exchange offering futures and spot markets in electricity and carbon.

 

Exchange

 

Definition: A trading arena where commodities and securities are bought and sold.

 

Export Metering

 

Definition: The enabling of a site to export its generated electricity.