G - K

The interconnected power lines and generators that supply, transmit and distribute electric power to the customers connected to it

An independent company that operates an electric grid

A financial instrument that establishes the future prices and quantities of electricity independently of the short-term market, e.g., contracts for differences, forwards, futures, and option contracts

The market in which blocs of energy are traded on an hourly basis

The portion of a generator's load that is in addition to its existing load

A for-profit or non-profit entity established under FERC Order 888 and independent of market participants, that maintains generation-load balance through real-time monitoring and controlling of the transmission system and some generating units

Electric power or energy that flows from one entity to another

A system consisting of two or more individual electric systems that operates synchroniously and have connecting tielines

A facility that connects two transmission systems or control areas, or that connects a non-utility generator to a system or control area; (when capitalized, it refers to the North American Eastern, Western, ERCOT or Alaska electric systems)

The specific set of transmission elements between two areas that comprise one or more electrical systems