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
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
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 lower rate offered to a customer (generally a large industrial or commercial entity) who agrees to have electric service interrupted, usually during a high demand period
