Range-bound

 

Definition: A trading strategy that identifies stocks trading in channels. By finding major support and resistance levels with technical analysis, a trend trader buys stocks at the lower level of support (bottom of the channel) and sells them near resistance (top of the channel).

 

Reactive Power (kVAr)

 

Definition: Power that converts current flow into wasted energy, meaning cables and switchgear have to be larger than necessary, measured in kilovolt amps (kVAr).

 

Regasification

 

Definition: The vaporization of liquefied natural gas (LNG) after transport to its destination.

 

Regulation

 

Definition: The governmental function of controlling or directing economic entities through the process of rulemaking and adjudication.

 

Relative Strength Index (RSI)

 

Definition: RSI measure of the momentum in a trend. It creates the following signals:
1) Overbought conditions: This occurs where the RSI rises above 70 on the chart.
2) Oversold conditions: This occurs where the RSI falls below 30 on the chart.
3) Buy signals: This occurs where the RSI falls below 30 and subsequently rises back above 30.

 

Renewable Energy

 

Definition: Green electricity produced from non-fossil fuels and non-nuclear sources, e.g. wind power, solar power, and some waste burning sources.

It is exempt from the Climate Change Levy (CCL).

 

Renewable Energy Guarantee of Origin (REGO)

 

Definition: Price control over electricity or gas prices.

 

Renewable Heat Incentive (RHI)

 

Definition: The world’s first long-term financial support program for renewable heat. A scheme for the non-domestic sector that provides payments to industry, businesses, and public sector organizations.

 

Renewables Obligation (RO)

 

Definition: Introduced in 2002 to encourage the growth of renewable energy sources. It requires energy suppliers to buy a portion of their electricity from renewable sources such as biomass, wind power, photovoltaic cells, hydroelectric, and wave power.

 

Resistance Level

 

Definition: In the Elliott Wave Theory, refers to a minor move against the primary trend where the length is mostly a Fibonacci percentage of the previous move.

 

Restructuring

 

Definition: The process of replacing a monopoly system of electric utilities with competing sellers, allowing individual retail customers to choose their electricity supplier but still receive delivery over the power lines of the local utility. It includes the reconfiguration of the vertically integrated electric utility.

 

Retail

 

Definition: Sales covering electrical energy and natural gas supply for residential, commercial, and industrial end-use purposes. Other small classes, such as agriculture and street lighting, also are included in this category.

 

Retail Competition

 

Definition: The concept under which multiple sellers of electric power and natural gas can sell directly to end-use customers and the process and responsibilities necessary to make it occur.

 

Retracement

 

Definition: A level where the price tends to find resistance when rising, meaning that the price is likely to bounce off this level rather than breaking through it. Opposite of support level.

 

Risk Management

 

Definition: Control and limitation of the risks faced by an organization due to its exposure to changes, in financial market variables, such as foreign exchange and interest rates, equity and commodity prices, or counterparty creditworthiness.

 

Risk Premium

 

Definition: A payment that factors in the inherent risk of a trade.

 

Rotterdam Market

 

Definition: A term sometimes used to describe the oil market in Northwest Europe. There is no Rotterdam trading floor, as oil business is transacted electronically, by telephone, or on the futures markets in New York, London, or Singapore.

 

Rough Storage Facility

 

Definition: A closed storage facility for gas shippers, gas producers, suppliers, and traders, allowing them to nominate gas for withdrawal into the National Transmission System (NTS) and inject gas into the reservoir on demand. Rough was situated off the east coast of England and was one of the largest gas storage facilities owned by Centrica.