L - P

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)

The difference between a utility's electric generating capacity (usually expressed in MW) and anticipated peak load; Operating Reserve is a subset of Planning Reserve

Federal regulations that promulgate a single set of air emissions reduction targets instead of multiple targets for every emissions source within a plant

Provider of last resort

A transmission pricing method that is insensitive to distance

Local distribution company

A centralized marketplace for electricity

Any consumer of electrical energy; also, the amount of power (demand) used by a utility system, electrical device or consumer. Load can be manually or automatically curtailed or shed temporarily during times of high usage (customers have agreed beforehand...

A for-profit commercial entity that buys and sells electricity and electricity services in wholesale or retail markets and resells them to its customers