Glossary of Terms
Balancing Pool - 2000. During 2001, the Balancing Pool Fund made payments to Alberta consumers of about $2.2 billion in keeping with the Government's Electricity Rebate Program. The rebates were funded from the proceeds of the Government's Power Purchase Arrangement Auction held in August 2000 and from the Market Achievement Plan Auction, December 2000.
Difference between the sale price and the purchase price.
Any type of forum through or under which an offer, purchase, sale trade or exchange of electricity, electric energy, electricity services or operating reserves takes place in relation to the production or consumption of electricity, electric energy, electricity services or operating services.
A situation in which there are sufficient numbers of credit-worthy buyers and sellers, and therefore, sufficient trading volumes to permit discovery of a credible price in the market for a given time period.
Any person that supplies, generates, transmits, distributes, trades, exchanges, purchases or sells electricity, electric energy, electricity services or ancillary services.
Price movements that may cause a market participant to respond by taking some action.
The residential and small commercial retail market, comprised of consumers with annual consumption at a single site of less than 250 MWh.
The customer shareholder of a rural electrification association (REA) cooperative.
A company that builds electric energy generation plants on an at-risk basis. (Also, Merchant Generator)
A list of supply offers and demand bids for each hour of the day, compiled by AESO schedulers.
Measuring the amount of electric energy consumed by a customer.
A statutory corporation established by the Electric Utilities Act, appointed by the Minister of Energy. The MSA is in place to monitor Alberta's electricity and natural gas markets for fairness and balance in the public interest. Market Surveillance keeps a close watch on the overall performance of Alberta's electricity and natural gas markets - checking that they operate in a fair, efficient, and openly competitive manner.
A municipality that is a distribution system wire owner.
Mega volt amp or 1000 kVA.
MegaWatt or 1,000 kW or 1,340 horsepower.
A measure of electric energy capacity or load equal to 1 million Watt or 1,000 kiloWatts.
MegaWatt Hour or 1000 kW used for one hour.
A measure of electric energy equivalent to one MegaWatt of electric energy, supplied, produced or consumed for one hour.