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In many regions, the term load serving entity (LSE) is used to refer to any electric market participant that provides supply to end-use...
A local distribution company, or LDC, is the gas utility that transports and distributes gas from the citygate to end users. LDCs may...
Locational marginal pricing, commonly called LMP, is a means of pricing electricity in organized wholesale markets facilitated by...
The difference between the quantity of natural gas received into a gas pipeline or distribution system (including gas received from...
Manufactured gas (also historically called “town gas”) is a form of natural gas produced from coal or oil. It can be used as a substitute...
The market-to-market (MTM) value of a portfolio of physical and financial assets is the current value of the portfolio if it were...
In the energy industry it is common for holding companies to own multiple market participants in a specific marketplace. For example,...
Market-based rates refers to prices charged by regulated entities such as generators, electric transmission lines, gas pipelines, gas...
Merchant generators are electric generation entities that create revenues by participating in competitive electric markets. Some in the...
A monopoly is a business situation in which a corporation — through market power or a government-granted franchise — is either the only...
In some areas, local governments are responsible for providing electric or gas services rather than having the services provided by...
The term net zero describes processes or entities that either have no net greenhouse gas emissions (often called net zero carbon, net...
When it began gas restructuring in 1988, the California Public Utilities Commission (CPUC) divided gas utility customers into two...
As stated on the NERC website: “The North American Electric Reliability Corporation (NERC) is a not-for-profit international regulatory...
The North American Energy Standards Board (NAESB) serves as an industry forum for the development and promotion of standards promoting a...
The U.S. Nuclear Regulatory Commission (NRC) was created as an independent agency by Congress in 1974 to ensure the safe use of...
Open access refers to regulatory rules that require owners of essential energy assets such as electric transmission and distribution...
An option is a contract that provides a right, but not an obligation, to purchase or sell an underlying asset at a specific price within...
Over-the-counter, OTC, refers to the trading of commodities, contracts, or derivatives not listed on an exchange. OTC instruments tend to...
PJM is a regional transmission organization (RTO) that coordinates the movement of wholesale electricity in all or parts of Delaware,...
