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Business and Regulation

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Transmission outage

A key consideration in operating transmission is to avoid outages. Transmission outages can be caused by a variety of reasons including...

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Transmission owner (TO)

In markets where the system operations function has been moved to an Independent System Operator (ISO), the term transmission owner, or...

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Transmission rights

Transmission rights are used by generators and/or marketers to ensure delivery of power to a point of sale. Given the current state of...

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Unbundled service

The “service” that natural gas and electric end users receive actually comprises two services: commodity (the supply of natural gas or...

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Utility distribution company (UDC)

A utility distribution company (UDC) is an electric utility that provides distribution services.  As electric markets are restructured,...

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Utility regulation

Utility regulation exists to ensure that customers of utilities and other service providers using the utility system are protected from a...

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Value at Risk (VAR)

Value at risk, commonly called VAR, is a methodology for energy companies to evaluate the level of risk associated with their portfolio...

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Vertically integrated monopoly utility electric market model

Under the vertically integrated monopoly utility model, electric generation, transmission, distribution, retail sales, and system...

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Wholesale electric pricing

Various factors influence the price of electricity at any given location at any point in time. Generally speaking, market-based prices...

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Wholesale/industrial competition electric market model

Under the wholesale/industrial competition model, the utility remains responsible for providing supply to residential and small...

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Working capital

Working capital is the amount of money a company needs to have on hand to pay its obligations in the short term. It is used to bridge...

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Zero carbon

Zero carbon describes a process that has no greenhouse gas  emissions. It differs from net zero carbon in that net zero allows for...

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Zero emission vehicle (ZEV)

A ZEV is a vehicle that emits close to zero pollutants. As of 2021, ZEV was defined by California as having 98% cleaner emissions than...

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Zero-emissions credit (ZEC)

There are generation technologies other than renewable generation that can provide energy without emissions. To recognize these, some...

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Zero-emissions vehicle (ZEV) credit

A zero-emissions vehicle (ZEV) credit is a tradeable financial instrument that provides zero-emissions vehicle manufacturers with a...

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Zero-emissions vehicle mandate program

A zero-emissions vehicle mandate program, commonly called a ZEV mandate program, is a government regulation that requires manufacturers...

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