L - P

A for-profit entity or project that generates electricity but is not a utility

The electronic posting system that allows transmission customers to view transmission access data simultaneously

Providing nondiscriminatory, reliable service to all customers as required by utility regulators

The generating capability (spinning and non-spinning reserve) above firm system demand needed to provide for regulation, load forecasting errors, scheduled and unplanned equipment outages and local area protection

A contractual agreement that allows the holder the right to buy (call option) or sell (put option) a fixed quantity of a security or commodity at a fixed price within a specified period (there are standardized, exchange-traded, government-regulated, over...

Paying multiple charges to more than one utility to move (wheel) electric power across bulk-power systems (also called pancaked rates)

The difference between scheduled and real power flows on a transmission path, assuming zero inadvertent interchange (also called loop flow, unscheduled power flow, or circulating power flow)

A mechanism requiring merchant generators to pay for expanding or upgrading the transmission grid

incentive regulations to encourage a utility to reduce its costs

The electric load corresponding to a maximum level of electric demand in a specified period (also called peak demand)