Industry acronyms and selected glossary

AAHEDC

Assistance for Areas with High Electricity Distribution Costs

AMR

Automated Meter Reading

AQ

Annual Quantity used (Gas)

ASC

Agreed Supply Capacity (Electricity)

B2B

Business to Business

B2C

Business to Consumer

BBL

BBL (Blue Barrel) = 42 gallons – Unit of measurement (Oil)

BSUoS

Balancing Services Use of System charges (Electricity) –  A charge for keeping the network in balance

CBI

Confederation of British Industry

CCA

Climate Change Agreement (Gas & Electricity) – An agreement between the Government and a business user, whereby a reduced rate of Climate Change Levy is payable

CCL

Climate Change Levy – tax on gas, electricity, coal & LPG – business only

CF

Correction Factor (Gas) – Factor used to convert units on the meter into kilowatt hours, the units customers are billed on

CFD

Contracts for Difference –  scheme to fund low carbon electricity generation while keeping energy prices affordable for consumers

CHP

Combined Heat & Power – Onsite steam & electricity generation

CIPS

Chartered Institute of Procurement & Supply

CM

Capacity Market/Mechanism scheme to ensure security of supply (Electricity)

CRC

Carbon Reduction Commitment – Scheme to improve energy efficiency and cut carbon dioxide (CO2) emissions in private and public sector organisations that are

CV

Calorific Value (Gas) – amount of heat or energy in a given volume of gas

DA

Data aggregator

DC

Data collector

DECC

Department of Energy and Climate Change

DM

Daily Metered – A gas supply point whose consumption is measured each day by means of a data logger

DNO

Distribution Network Operator (Electricity)

DSR

Demand Side Response (Electricity)

DUOS

Distribution Use of System charges (Electricity)

EAC

Estimated Annual Consumption (Electricity)

ECOES

Electricity Central Online Enquiry Service (Electricity) – A national database for electricity suppliers

EDI

Electronic Data Interchange

EEC

European Economic Community

EMR

Electricity Market Reform

ESOS

ESOS (Energy Savings Opportunity Scheme) – is a mandatory energy assessment scheme for organisations in the UK that meet the qualification criteria

ET

Erroneous Transfer – A process that is undertaken when a site is incorrectly registered to a new supplier

FCA

Financial Conduct Authority

FiT

Feed-In-Tariff (Electricity) – A charge to fund the scheme which incentivises new renewable generation

GoO

Guarantees of Origin (Electricity) – another name for REGO

GSP

Grid Supply Point (Electricity)

GWh

Gigawatt hours – Electricity unit of measurement

HH

Half Hourly – Electricity supplies that record total consumption every half-hour

HV

High Voltage (Electricity)

I&C

Industrial & Commercial

ICE

Intercontinental Exchange – A platform for financial and commodity markets

IGT

Independent Gas Transporter – An independent entity that owns gas pipes

kVA

kilovolt amperes – Electricity unit of measurement

kWh

kilowatt hours – Electricity unit of measurement

LDZ

Local Distribution Zone (Gas)

LEBA

London Energy Brokers’ Association

LNG

Liquefied Natural Gas

LPG

Liquefied Petroleum Gas

LV

Low Voltage (Electricity)

MD

Maximum Demand (Electricity) – highest instantaneous load recorded at a site

MOP

Meter Operator

MPAN

Metering Point Administration Number (Electricity)

MPRN

Meter Point Registration Number (Gas)

MSN

Meter Serial Number

MSP

Meter Supply Point (Electricity)

MWh

Megawatt hours – Electricity unit of measurement

NBP

National/Notional Balancing Point (Gas & Electricity)

NDM

Non-Daily metered (Gas)

NGC

National Grid Company

NHH

Non Half Hourly (Electricity) – Supplies that use standard meters that are read manually or meters that feature AMR technology

NTS

National Transmission System – the Gas pipeline grid owned and run by TRANSCO

OFGEM

Office of Gas & Electricity Markets – Regulates the Suppliers

OFWAT

Office of Water Regulation

OPEC

Organisation of Petroleum Exporting Countries – a cartel who fix the price of oil through volumes exported

PF

Power Factor – Relates to how efficiently electricity is used on site

PPA

Power Purchase Agreement (Electricity) – An agreement by which a supplier purchases energy from a generator for an agreed time period

REGO

Renewable Energy Guarantee of Origin – Electronic certificate used to provide evidence that a unit of electricity has been produced by a renewable generator

RO

Renewables Obligation (Electricity) – mechanism to support supply of renewable energy

SBP

System Buy Price – the price paid in the Balancing Market by a party requiring more energy to meets its contractual commitments

SME

Small/Medium Enterprise

SMP

System Margin Price

SOQ

Supply Offtake Quantity (Gas)

SSD

Supplier Start Date

SSP

System Sell Price – the price paid on the Balancing Market by a party that has more electricity than it requires to meet its contractual commitments

STOD

Seasonal Time of Day (Electricity)

Th

Therms 1 Therm = 29.3071 kWh (Gas)

TNUoS

Transmission Use of System charges (Electricity)

TRIAD

The three peak times during the winter (Nov – Feb) when demand on the system is highest (Electricity)

TSO

Transmission System Operator