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Aggregate & Aggregator
To add your load with other to take advantage of bulk pricing. Also a person or company that specializes in forming buying groups to enable small to medium sized customers to be able to take advantage of bulk power sales (which usually result in lower cost/kWh).
Actual Peak Reduction
The actual reduction in annual system peak load (measured in kilowatts) achieved through consumer's participation in a utility demand side management (DSM) program. It reflects the changes in the demand for electricity resulting from a utility DSM program that is in effect at the same time the utility experiences its annual system peak load, as opposed to the installed peak load reduction capability (i.e. potential peak reduction).
Actuals
In the context of futures trading, actual cash commodities in contrast to futures commodities. In the context of ratemaking, actual costs and throughput data relating to a given time frame.
Adequacy
A bulk electric power system's ability to supply the aggregate electrical demand and energy requirements of customers at all times.
Aggregator
A company that consolidates a number of individual users and/or supplies into a group.
Alternate Firm Receipt/Delivery Point
Firm receipt or delivery point, not including primary points designated in a gas contract, at which a firm shipper may schedule gas receipt or delivery with a priority above that of interruptible service.
Alternate Fuel Capability
The ability of any user such as an industrial facility to use more than one fuel, whether or not the facilities for such use have actually been installed.
Alternative Delivery Procedure (ADP)
A futures contract provision in which buyers and sellers make and take delivery under terms and conditions which differ from those imposed in the futures contract.
Ancillary Services
Interconnected Operations Services identified by the Federal Energy Regulatory Commission (Order No. 888 issued April 24, 1996) as necessary to effect a transfer of electricity between purchasing and selling entitles and which a transmission provider must include in an open access transmission tariff.
At the Market
In futures trading, the placement of an order immediately at the best price available on the trading floor.
At-the-Money Option
Describes the price relationship of an option's strike price and the current market price of the underlying instrument. A call or a put option is said to be "at-the-money" when the option's strike price equals the current market price of the underlying instrument.
Average Cost Pricing
A pricing mechanism based on dividing the total cost of providing electricity incurred in a period by the number MWh (wholesale) and kWh (retail) sold in the same period.
Average Demand
The measure of the total of energy loads placed by customers on a system divided by the time period over which the demands are incurred.
Average kWh Per Day
Table with the average amount of electricity purchased per day.
Avoided Cost
The cost to produce or otherwise procure electric power that an electric utility does not incur because it purchases this increment of power from a qualifying facility (QF). It may include a capacity payment and/or an energy payment component.
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