Glossary of Terms
Funds used for REA capital system upgrades, improvements and rebuilds not paid by the individual members, or as directed by the REA membership as per by-law passed at an annual general or special general meeting. (Also DRA - Deposit Reserve Account or DR - Deposit Reserve)
Current that flows continuously in the same direction (as opposed to alternating current). For example, the current supplied from a battery is a direct current.
An account applied to a cost/revenue not in the control of the utility and which has been approved by the AUC to accumulate the difference between the forecast and the actual cost/revenue. The refund or collection of a deferral account is through a rate rider which has been approved by the AUC.
The conversion of a regulated generation market to a competitive unregulated generation and retail market.
Term used to describe an electric distribution system wire owner.
A generating unit that is interconnected with an electric distribution system.
This is a Direct Energy Partnership brand. Direct Energy Partnership is the competitive retailer of Direct Energy Marketing Limited in Alberta. Direct Energy Partnership serves residential and small commercial businesses.
This is the regulated business unit of Direct Energy Marketing Limited and has been in Alberta since 1985 as a Producer-owned, wholesale gas marketing company. In 1990, it was purchased by UK-based Centrica, a world leader in deregulated energy markets with over 44 million customer relationships world-wide.
A direction from the AESO to a pool participant to cause, permit or alter the exchange of electric energy or ancillary services.
A generating unit that is interconnected with an electric energy distribution system.
The plant, works equipment, systems and services necessary to distribute electric energy in a service area at a voltage of 25,000 volts or less.
The services required to transport electric energy by means of an electric distribution system to customers or from distributed generation to the interconnected electric system.
An account for distribution access service provided to a retailer or regulated rate provider.
A contractor authorized by the wire owner of an electric distribution system to perform certain operating and maintenance functions on behalf of the wire owner.
The rates and the terms and conditions that a distribution facility owner charges for providing service to its customers.