L - P

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

An area (city, etc.) that uses large amounts of electricity (also called a load pocket)

The entity (either independent or the owner of transmission) that coordinates operations to maintain electric system stability and achieve least-cost dispatch by providing backup, short-term excess sales, reactive power support and spinning reserve; a...

Planning by utilities to ensure a reliable electricity supply

A maximum price applied by a regulator to the sale of electricity or services, whereby the level of the cap is set somewhat above the marginal costs of the most expensive generator on the system