Cashout prices: This is an alternative term for “Energy Imbalance” prices – the System Sell Price (SSP) or System Buy Price (SBP) – used to settle the difference between contracted generation or consumption and the amount that was actually generated or consumed. Electric Heating – Jargon Buster. ie; 1000 watts. Jargon Buster. You may have come across some of the following acronyms and terminology on your electricity bills and other documents: Actual Read: A meter read taken by the customer. From simplifying energy jargon to helping you control your costs, we’re here to help. AC - alternating current. As part of Haven Power’s dedication to making energy simple, we’ve created a useful jargon buster. Baseload contracts: A Baseload contract represents an amount of power (expressed in MW) delivered in a flat profile over the duration of the contract. Solar power jargon buster. The offer must have the delivery charges (DUoS & TUoS) added on to … The energy industry can be confusing, especially if you’re new to the sector. June 19, 2017 Blog, Business Advice; Do you know your AQ from your DUoS? What’s in our Energy Trading Jargon Buster? PAT – ‘Portable Appliance Testing’ this is the inspection and testing of electrical equipment to ensure that it is safe to use. NICEIC is the electrical contracting industry’s independent voluntary #jargon-buster for electrical installation matters throughout the UK. Flexible Product: A flexible product is a contract that gives businesses the power to control when and how they buy electricity throughout the contract term. BS 7671 – ‘British Standard (7671) The Wiring Regulations’, this document details the British Standard that all electrical installation work must adhere to. Typical panels for the UK/AUS market are between 275Wp and 400Wp. So there you have it, we hope you found the jargon buster useful. Calorific value - The average amount of energy in gas. This includes common household appliances such as fans, toasters, kettles etc. CO2 refers to carbon dioxide. This separates water into its component elements, hydrogen and oxygen. Typically, connections to domestic and commercial properties are delivered at LV i.e. Kilovolt (kV) – A measure of Volts in increments of 1,000. But within the energy industry, sometimes there’s no escaping the jargon! Jargon buster. Amp is a standard unit of measurement of electrical current. You can find more about the scheme and its benefits to customers here. Jargon Buster. Outlets selling electrical installation materials will not usually be able to tell you what cable to use for a specific purpose because they do not have the necessary information on your property yo carry out the calculations required, nor are they usually qualified to do so. kW. The following are a selection of terms used within the Utility Industry, listed to help you understand some of the jargon you may encounter. EAC: Estimated Annual Consumption – measured in kWh per annum. Apprentice – Hide your biscuits from these. Capping – Capping is a thin metal or plastic covering that is used to make it easier for several cables to follow the same route. Day-ahead baseload price: Contracts traded for physical delivery during the next day. Electricity is the movement of electrons through a conductor. MEIWC – ‘Minor Electrical Installation Works Certificate’ – This is an EIC for minor electrical works where no new circuits have been added. Commercial Electricity Jargon Explanations of electricity terminology you’ll encounter in the commercial energy sector AvailabilityThe limit of capacity for Maximum Demand. There are industry terms flying around which some people don’t know the definition of. stands for Watts peak. Transmission Network: The network of pylons and cables that transmits higher voltage electricity from power stations (where it’s produced) to wherever it’s needed across the UK. Matthew Farmer 21 July 2020 (Last Updated July 21st, 2020 15:31) ... Electrolysis is a chemical reaction where an electric current is passed through metal conductors, known as electrodes, in water. The electric heating jargon buster provides a glossary of electric heating terms, helping you make an informed decision when deciding to go electric. Zzz – The only noise you’ll hear from an electricians room after long days work. Building Regulations – The building regulations are minimum standards for design, construction and alterations of almost every building – electrical work falls under ‘Part P’ of the building regulations. For example 1MW of baseload power bought for one day (24 hours) will deliver 24MWh of electricity over its duration. Jargon Buster Electric vehicles come with a barrage of overwhelming acronyms you have probably not heard before – our handy glossary of terms will help make things easier to understand. In the case of … Portable RCD – A portable RCD is a temporary solution that plugs into a socket that’s not already protected by an RCD. Sometimes you just can’t avoid technical terms, so here’s Naked Solar’s glossary of terms to guide you through the maze of Solar PV & energy jargon. Please visit our page for more information about cookies and how we use them. . Energy Jargon Buster . PPU: Pence Per Unit –The usual method used for charging customers. mA – ‘Milliamp’ this is the equivalent of 1/1000 of an amp. VDD: Variable Direct Debit – The adjustable amount that the customer pays monthly to cover their billed consumption. We’ve put together a handy jargon buster to help towards making a tricky subject slightly easier. stands for Watts peak. Rewire – An electrical rewire of a premises is the process of removing and replacing all accessible old wiring and accessories with new ones. Earthing also causes the protective device such as fuse or RCD to switch off the current in the event of a fault. Neutral Wire – In a mains powered electrical appliance, the neutral wire (blue) completes the circuit and carries current away from the appliance. Fuse – Almost everyone will have experienced a ‘blown fuse’ at some point. This is the form in which electricity is delivered to our homes from the national grid. Amp (A) – ‘Ampere’ is the unit of measurement for the flow rate of an electric current. This reflects the fact that the seller may have supply issues in the future, and may have to pay higher prices (e.g. It also protects fixed wall cables during plastering. This system allows you to complete long duration, low intensity exercise. Consumers pay a fee per unit for the capacity they have (i.e. That’s why we’ve created this helpful Energy Industry Jargon Buster to help you navigate your way through the acronyms and technical terms that you’re likely to encounter working in the energy industry. A short generic guide to words and terms commonly used in pensions. Bullish behaviour: A period of price increases. Jargon Buster . Karen 07 February 2019 14:50; Breaking down the complexity of energy – some definitions for you: Calorific Value - This is a measurement of how much energy is produced when something is combusted. Jargon Buster. Not to fear though, as we give you a brief and simplified guide into what these mean and we’ve categorised them just so you know where you’re likely to hear them. Roll over a word for a summary or click to reveal the full definition below. Our Jargon Buster can help! kWp. All rights reserved. Amp was named after French physicist and mathematician André-Marie Ampère (1775-1836). Estimated Read: Where a supplier has estimated the electricity read based upon previous consumption. A Power Technology jargon-buster. Standing charge: A standing charge is a daily amount you pay for your gas and electricity. Meter number - This is the serial number you'll see on your meter. A Aerobic Energy System. Contestable works Work which could be done by any suitably You should aim to test your RCD every 6 months - watch our handy video tutorial to find out how to trip test your RCD. Fusebox / Fuseboard – See ‘Consumer Unit’. This is known as your endurance energy system. Electrical contractor: The business that performs specialised construction work related to the design, installation, and maintenance of electrical systems. Gas and Electricity Jargon Buster: Key Terms Explained Gas and Electricity Glossary The world of gas and electricity is full of jargon and strange sounding terms. Supply number (MPAN) - A unique number given to your electricity supply. a.c.: a.c. stands for alternating current. Retrieve Estimate. But we want to make it as easy as possible for you! RCD – Residual Current Device – this life-saving device can be found inside your consumer unit designed to prevent fatal electric shocks – they work by cutting off the electricity when a fault such as a surge in electricity is detected. The biggest concern many motorists have with electric cars is their range, and running out of electricity – called “range anxiety”. VIR cables – ‘Vulcanised Indian Rubber Cables’, are an older type of cable that may still be present in some homes. We’ve put together a handy ‘Electricity Jargon Buster’ to help you sail through the minefield of complicated terms and energy … 1kV = 1,000 volts. DNO: Distribution Network Operator – a company licensed to distribute electricity in the UK. Posted by Team Fischer on 10th September 2019. This type of meter is connected to a telephone line and meter readings are taken every half hour, 24 hours per day, 7 days per week, 365 days of the year, as the name suggests. OPEC (Organisation of the Petroleum Exporting Countries): OPEC is a permanent intergovernmental organisation of 14 oil-exporting developing nations that coordinates and unifies the petroleum policies of its Member Countries. We do our best to keep your bill simple, but there are some technical terms that we have to use. EICR – ‘Electrical Installation Condition Report’ – this is an official document that is produced following a periodic assessment of a premises’ electric installation. Energy industry jargon-buster. Electric vehicle market to surpass 320 million sales by 2040. Spark Spread: The spark spread is the theoretical gross margin that a gas-fired power plant would achieve by selling a unit of electricity, having bought the fuel required to produce that unit of electricity. United Kingdom Resolve Energy Ltd Helix 38 Edmund Street Liverpool L3 9NY Phone: 0800 170 7670 Email: [email protected] Australia Resolve Energy (Australia) PTY Ltd Epworth Building 33 Pirie Street Adelaide SA 5000 Phone: (08) 7129 8037 Email: [email protected] United States Resolve Energy LLC 823 … Below is a list of the main ones which should demystify things. Jargon Buster . Prompt: Electricity for delivery within the current calendar month. You may recognise some of these terms and acronyms from your bills, invoices and other documents you get sent. Solar power jargon buster. For clarification of any terms, please check below. Below is a list of the main ones which should demystify things. Live Conductors – Wires with an electrical current running through them. A Power Technology jargon-buster Matthew Farmer 21 July 2020 (Last Updated July 21st, 2020 15:31) All hydrogen burns the same, but the different methods of producing it … Combined cycle gas turbine – a gas fired electricity generation plant, usually used for peak demand. Jargon buster A-Z. The network companies (also known as distributors) own and look after the power lines that transmit the electricity from the national grid to your property. You are here: Electrics jargon buster. If you measure a time, you will measure it in seconds. ie; 1000 watts. With new technologies released and entering our homes on a regular basis, it’s easy to get bogged down in the terminology. Posted by Team Fischer on 10th September 2019. This includes Day Ahead and Week Ahead contracts. This refers to the peak power of a panel. Did you know that a single bolt of lightning can contain up to one billion volts of electricity! Jargon Buster. If there’s anything you’d like us to add to the jargon buster, please email us. PC: Profile Class – Used where half-hourly metering isn’t installed, the Profile Class provides the electricity supplier with an expectation about how electricity will be consumed throughout the day. AC - alternating current. DC: Data Collector – the organisation responsible for determining the amount of electricity supplied, to ensure the customer can be billed correctly. We aim to speak in plain english so you know what you’re getting and why you’re getting it. Utility Jargon Buster - Electric 01403 740240 | www.premierenergy.co.uk | Page 2 V1 – JUNE 2019 Low Voltage (LV) – A voltage rating up to 1,000V. This lets them take advantage of wholesale price movements. But we want to make it as easy as possible for you! Jargon Buster This glossary is intended as an aid to explain electrical terms that you may come across. To find out more about MPANs and what they mean, see our explanation. CCL: Climate Change Levy - A tax on energy usage; the aim is to encourage users to improve energy efficiency. It is not a complete list of all the words you might encounter and is intended to act as a quick reference guide and aide memoire. for immediate delivery) and the price specified in the contract for delivery at a later date. It is not a complete list of all the words you might encounter and is intended to act as a quick reference guide and aide memoire. Traders must go through a rigorous assessment of their business and processes to become recognised. The following are a selection of terms used within the Utility Industry, listed to help you understand some of the jargon you may encounter. Home » Jargon Buster » Renewable Energy Information. Flush Fitted – Electrical accessories such as switches or sockets are often ‘flush fitted’ to look nicer – this means that their back boxes are contained in the wall and only the front plates are visible. MHEV A Mild Hybrid Electric Vehicle is not able to be driven as a pure electric vehicle because it is a conventionally combustion powered vehicle that is assisted by an electric motor and offers no ability to connect the battery to a power source. . Pensions jargon buster Whether you’re baffled by pensions or you’re a finance boffin, here’s where you can check what the key terms mean. EUA: European Union Allowance – this refers to the carbon credits traded in the EU Emissions Trading Scheme (ETS). We try not to use jargon at Powershop but there are some terms you just can't get away from in the electricity industry. Find out more about the benefits of LED here. Jargon Buster. Deemed Read: A meter read estimated by the Data Collector. Embedded generation: Generation plants that are connected to the distribution network rather than the transmission network. To help ensure you’re never left in the dark again, we’ve come up with a handy jargon buster. ETS members can buy or sell their allowance units through the carbon market. is set up to protect consumers from rogue tradesmen. An MCB automatically switches off the electrical circuit if there is a fault such as an electrical overload. Further details of NICEIC can be found here www.niceic.com. mpan. CHP. Free Call 24/7 07460 552285. Trusted Traders – we’ll stick to our quoted prices. Wednesday, 3 January 2018 Do you find it annoying when you’re trying to read your energy bills to understand how you spent all that money on electricity only to get stuck at the confusing terminology? PV = Photovoltaic, simply the transfer of light (photo) in to electric (voltaic). Click here for a callback! Electric car (EV) jargon buster. Base LoadBase … Electricity Jargon Read More » Adopted road Normally refers to land owned by a local authority or Council which typically refers to a public road or footpath. To get in touch with one of our energy experts, visit our contact us page. And before I knew it, I … AC Alternating Current Type of electricity where the flow of electric charge periodically reverses direction . Green energy jargon buster. If you think we have missed any, please drop us a line, we are only human. This effectively manages your budget by reducing your exposure to market volatility and unexpected budget shocks. Analysts can expect these fundamentals to have an impact upon the price or the perceived value of the stock. kilowatt peak is the measure of how much power a photovoltaic system produces from the sun under test conditions. npower Bills Jargon buster. Electrical Jargon Explained . You can find out more about EICR’s and the recommended frequencies for different types of properties here. Accessories – You may hear this term or see it referenced on your bill – this is a general term used for any additional extras such as sockets, switches, adapters and connectors. As with all technology, electric vehicles come with a plethora of acronyms, jargon and BUZZ words. Jargon buster. Energy can be confusing at the best of times, but knowledge is power! If you're like me, you'll hate jargon and all those techie-terms and acronyms (capital first letters made into a word, like 'NEV' and 'PEV'). Electric Heating - Jargon Buster Electric heating can often seem daunting if you’re used to different means of heating your home. Asymmetric Digital Subscriber Line, transfers data to and from a subscribers premises by ‘piggybacking’ onto existing infrastructure, most commonly a standard BT analogue telephone line. a.c.: a.c. stands for alternating current. This field is for validation purposes and should be left unchanged. Jargon Buster This glossary is intended as an aid to explain electrical terms that you may come across. Part P – ‘Part P of the Building Regulations’ states that anyone carrying out electrical installation work must ensure that the work is designed and installed to protect from fire and electric shocks. With many different types of hybrid cars and a swirling of acronyms being used across the sector, here's an easy guide and jargon buster to help you through the minefield of electric vehicle terms. There are many different network companies in Australia although each company operates a monopoly in its given area. What is a tariff? The energy industry can be confusing, especially if you’re new to the sector. So, from 1 st May 2013 for both gas and electricity we'll be simplifying all of our standard tariffs. AC (alternating current) - an electric current which periodically reverses direction. What are you looking for? We break some of the key ones down for you here. This is in effect the rate of flow of electrons. There are industry terms flying around which some people don’t know the definition of. A AC Alternating Current, where electric charge changes direction periodically. Competent Person Scheme – Being part of a competent person scheme such as NICEIC allows electricians to self-certify work carried out without needing to get building regulations approval. That’s why we’ve created this helpful Energy Industry Jargon Buster to help you navigate your way through the acronyms and technical terms that you’re likely to encounter working in the energy industry. Risk premium: In reference to gas and electricity futures and other commodities, risk premium refers to the difference in price between the spot/cash market (i.e. Part P We break some of the key ones down for you here. 1kW = 1,000 Watts. These companies own and operate the cables and towers that bring electricity from the national transmission network to our homes and businesses. Electric Car Jargon-Buster. EIC – ‘Electrical Installation Certificate’ – This is a declaration of any new installation, alteration or electrical addition is safe at the time it is put in service. if a site has an Availability of 150 kVa then maximum demand should not exceed that figure at any time). M number - A unique number given to your gas supply. You should test your portable RCD before and after every use. If the electrons continually change the direction in which they are travelling then this is called an alternating current - a.c. for short. We try not to use jargon at Powershop but there are some terms you just can't get away from in the electricity industry. And technology 5 years most common terms to highlight below electricity we be. Running out of electricity supplied, to ensure that it is safe to use to different means heating. ( voltaic ) industry terms flying around which some people don ’ t know the meaning of purchasing! 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