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Electric Energy
Available heat in electricity; one kilowatt hour equals 3,412.97 Btu.
Electric Rate Schedule
A statement of the electric rate and the terms and conditions governing its application, including attendant contract terms and conditions that have been accepted by a regulatory body with appropriate oversight authority.
Electric System
The generation, transmission, distribution and other facilities operated as an electric utility or a portion thereof.
Electric System Losses
Amount of electricity lost in system. Losses consist of transmission, transformation and distribution losses between supply sources and delivery points. Loss of electric energy is primarily a result of heating in transmission and distribution elements.
Electric Utility
A corporation, person, agency, authority or other legal entity or instrumentality that owns and/or operates facilities within the United States, its territories or Puerto Rico for the generation, transmission, distribution or sale of electric energy primarily for use by the public and files forms listed in the Code of Federal Regulations, Title 28, Part 141. Facilities that qualify as Cogenerator or small power producers under the Public Utility Regulatory Policies Act (PURPA) are not considered electric utilities.
Emission
Pollution discharged into the atmosphere from smokestacks, other vents, and surface areas of commercial or industrial facilities; from residential chimneys; and from motor vehicle, locomotive, or aircraft exhausts.
Emission Standard
The maximum amount of a pollutant legally permitted to be discharged from a single source.
Energy
The cost (except fuel) of producing the electricity you purchased.
Energy Audit
An inspection, survey and analysis of a customer’s electric and/or gas usage at its facility. This process often includes recommendations to alter the customer’s electric demand or reduce energy usage.
Energy Charge
That portion of the charge for electric service based upon the electric energy (kWh) consumed or billed.
Energy Conservation
The practice of decreasing the quantity of energy used.
Energy Consulting
The process of matching supply and demand across the portfolio of a market participant's activities.
Energy Efficiency
Using less energy/electricity to perform the same function. Programs designed to use electricity more efficiently — doing the same with less. For the purpose of this paper, energy efficiency is distinguished from DSM programs in that the latter are utility-sponsored and -financed, while the former is a broader term not limited to any particular sponsor or funding source. "Energy conservation" is a term which has also been used but it has the connotation of doing without in order to save energy rather than using less energy to do the some thing and so is not used as much today. Many people use these terms interchangeably.
Environmental Management
The management of man's interaction with and impact upon the environment.
EPACT
The Energy Policy Act of 1992. Far reaching energy legislation that began the process of deregulation by easing requirements for independent generators to enter into wholesale wheeling contracts. Also set energy efficiency standards for light bulbs and plumbing products.
ESCO
Efficiency Service Company. A company that offers to reduce a client's electricity consumption with the cost savings being split with the client.
Exercise Price
The price at which an option may be exercised. A decrease in the exercise price has the same effect as an increase in the current price of the underlying asset.
Exercising the Option
The action taken by the owner of a call option if he/she wants to exercise the right to purchase the underlying instrument or to settle in cash, or by the holder of a put option if he/she wants to sell the underlying instrument contract or settle in cash.
Exit Fee
A fee that is paid by a customer leaving the utility system intended to compensate the utility in whole or part for the loss of fixed cost contribution from the existing customer.
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