There are two season for wholesale energy: Winter which runs from October to March and Summer which runs from April to September. Historical energy contracts that cover more summer seasons than winter will be cheaper as there is less demand on the grid and prices are cheaper.
This term refers to the trading of electricity or gas which is due to be delivered in a particular future season – summer or winter.
A geographic location at which gas is consumed by the customer. There may be several gas meters at a site, which measure the volume of gas consumed.
This is a device which is attached to an energy supply point and is used to remotely measure and the total energy consumed at a non-half hourly sites. It works just like a traditional meter but can also show consumers when and how they use their energy, making it easier to implement energy efficiencies and assess savings.
This is term used when describing the difference between the market price of energy and its production cost. It is often used to determine the financial stability of a power plant and gauge if the company should produce more or less electricity based on the figures.
This is a day ahead-market where bidding closes at noon for deliveries from midnight and 24 hours ahead.
This is a daily or monthly charge to contribute towards installation, maintenance and administration costs for the local Distribution Network Operator (DNO).
This is one of two seasons that exists within the energy market. It runs from April to September and is considered the cheaper of the two seasons as days are longer and temperatures are warmer meaning there is less demand on the grid.
Supply Start Date (SSD)
This is date upon which and organisation will begin receiving energy form their chosen supplier.
This system allows separate meters to be installed within a single site. This enables the organisations to monitor the consumption of a utility such as water, gas or electricity. It can be very useful for organisations that want to measure the effects of energy efficiency schemes as it provides a breakdown of energy consumption throughout the building.
An organisation authorised to supply electricity or gas to the National Grid Network.
This is a unique number to the property. It is found on the electricity bill issued by your supplier. It is also referred to as the Meter Point Administration Number (MPAN).
These are a set of 17 sustainability goals and 169 smaller targets set in September 2015 by the United Nations (UN). The gaols are used as a framework for member states to base their political policies and agendas on for the coming decade.
The difference between demand and supply. Otherwise referred to as the system being long or short.
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