Glossary of Terms
A measure of capacity equal to one million kiloWatts or one billion Watts.
One billion Joules or a thousand Mega Joules.
An application made by an investor owned utility seeking to change its electricity rates. (Sometimes called GTA - General Tariff Application)
A network of electric energy transmission lines and connections.
Formerly, RTO (Regional Transmission Organization) West: Stakeholders participating in a representation group, endorsed changing the name from RTO West to Grid West, March 31, 2004.
A measure of electric energy system efficiency; the amount of natural gas required to generate one MegaWatt-hour of electric energy.
The practice of speculating on the price for a future commodity to avoid exposure to the risk of unacceptably large variations in real time price movements. There is usually a price to be paid for purchasing a future commodity at a hedged price; the price charged for the commodity commonly includes an extra charge to protect the seller against the risk of losing money through selling a commodity that he may have to purchase in the future at a price that is possibly higher than the price at which he contracts to provide it for.
A unit of frequency equal to one cycle per second.
Unit of power equal to 746 Watt - the amount of power that a horse exerts in pulling.
IDP strikes a balance between masking information to protect confidentiality and revealing it, to promote efficient forward pricing and self policing of TPG (Trading Practices Guidelines).
All electric energy transmission facilities and all distribution systems in Alberta (or any other jurisdiction or combination of jurisdictions) that are interconnected. The Alberta Electric Utilities Act excludes from the definition the service area of the City of Medicine Hat. A system consisting of two or more individual electric energy systems connected together by tie lines.
A meter that measures at intervals of 60 minutes or less the amount of electric energy consumed by a customer and satisfies the standards for revenue collection under the Electricity and Gas Inspection Act (Canada) and the Weights and Measures Act (Canada).
A utility whose stock is usually publicly traded and which is organized as a tax-paying business and financed by the sale of securities in the capital market. It is regulated and achieves an allowed rate of return.
The owner of an eligible power production facility that produces electric energy. (or Small Power Producer)
An organization of large industrial customers whose mission is to take a leadership role in ensuring that a competitive marketplace exists for electrical services. It comprises companies from such key industries as oil and gas, forest products, petrochemicals and steel.
Representing competitive power producers, wholesale and retail marketers, suppliers, engineering firms, consultants and contractors.
The International System unit of electrical, mechanical, and thermal energy; the unit of work or energy equal to the work done by a force of one newton acting through a distance of one meter.
One thousand.
Kilo Volt AMp (or 1,000 multiplied by volts multiplied by amp)
KiloWatt (or unit of power equal to 1.34 horsepower)
KiloWatt Hour (or 1kW used for one hour)
Local Distribution Company.
A device that allows for a limited amount of electricity to flow to a residential customer.
Internalizes real-time congestion costs.
The instantaneous amount of electric energy delivered or required at any specific point of points in Alberta's Interconnected System.
