Glossary of Terms
The basis unit used to measure electricity, power equal to the work done at the rate of one joule per second (1/746th of a horse power).
The transmission of electric energy generated by one party to another using the transmission system of a third party.
Ability of wholesale customers to access electric energy supplies directly from the grid.
A market in which electric energy is sold to market participants for resale to end-users.
The owner of a regulated electricity distribution system or electricity transmission system wires and related facilities.
A body given the authority to operate certain functions relating to operating and maintenance (O & M) of an electric distribution system for a Wire Owner (WO) and as defined within the Electric Utilities Act (EUA).