A customer lacking realistic economic alternatives to buying power from its local utility, even if that customer has a legal right to purchase power from competitors
An uncontrolled successive loss of system elements triggered by an incident at any locale which typically results in widespread service interruptions and cannot be restrained from spreading ("cascading") beyond an area predetermined by appropriate studies
Price cuts or increases instituted by a regulator to "claw back" the incremental gain resulting from an underestimate of the X factor, an assumed rate of productivity increase; contract provisions that require tax incentives to be given back
"is, by common definition, equal to the additional costs that would be incurred to produce an additional unit of electricity sold in the market. As long as sufficient supplies exist, the competitive price is roughly proportional to the fuel costs required to generate the next unit of power. However, when supplies grow increasingly scarce, leading to a tight balance between demand and supply, generating costs can rise dramatically because they include the costs of running generating units at higher than normal rates, thereby increasing the likelihood of breakdowns. At the point that all... Read more about Competitive Price
A condition that restricts the ability to add or substitute one source of electric power for another on a transmission grid (more simply: congestion occurs when insufficient transfer capacity is available to implement all of the preferred schedules simultaneously)
