Energy terms . 2014.
Poolco — Poolco refers to a specialized, centrally dispatched spot market power pool that functions as a short term market. It establishes the short term market clearing price and provides a system of long term transmission compensation contracts. It is … Energy terms
Flexible Retail PoolCo — This provides a model for the restructured electric industry that features an Independent System Operator (ISO) operating in parallel with a commercial Power Exchange, which allows end use customers to buy from a spot market or pool or to… … Energy terms
Contracts for differences — (CFD) A type of bilateral contract where the electric generation seller is paid a fixed amount over time which is a combination of the short term market price and an adjustment with the purchaser for the difference. For example, a generator may … Energy terms
Generation dispatch and control — Aggregating and dispatching (sending off to some location) generation from various generating facilities, providing backups and reliability services. Ancillary services include the provision of reactive power, frequency control, and load… … Energy terms
Portfolio management — The functions of resource planning and procurement under a traditional utility structure. Portfolio management can also be defined as the aggregation and management of a diverse portfolio of supply (and demand reduction) resources which will… … Energy terms
