Business cost reduction specialists focusing on telecommunications, energy and water services
Glossary
The utilities industry is awash with jargon and apparently meaningless abbreviations. We aim to explain what some of them mean. Please use either the search box (above and left) or the A to Z matrix to the right.
Displaying 71 - 80 of 144 definitions.
- Line pack
- Method used for providing short-term gas storage in which natural gas is compressed in transmission pipelines, providing additional amounts of gas to meet limited peak demands.
- Liquified Natural Gas
- Oilfield or naturally occurring gas, chiefly methane, liquefied for transport or storage.
- Load Factor
- Ratio between average electricity usage and maximum demand. Calculated by the formula:Load Factor = (Total Units / No. of Hours x Maximum Demand) x 100%.The higher the load factor, the flatter a customer's load shape is.
- Local distribution zone
- A geographic area for which the total input and output demand for gas can be measured each day. LDZs are supplied by groups of offtakes from the national transmission system.
- LV
- Low Voltage. Electricty supply voltage below 1,000 volts.
- Maximum annual quantity
- Annual quantity of gas multiplied by the MAQ percentage.
- Maximum daily quantity
- Maximum aggregated daily quantity of gas to be delivered to a supply point
- Maximum Demand
- The highest average electricity demand occurring in a half hour period. Maximum demand tariffs comprise of a) fixed monthly charge, b) an availability charge per kVA of the highest demand expected, c) a price per unit for day and night units, d) a maximum demand charge based on the measured maximum number of units used in one half hour period in the month.
- Meter operator
- The organisation appointed to install and maintain metering equipment.
- Meter Operator Agreement
- Agreement between the customer and the nominated meter operator.