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 41 - 50 of 145 definitions.
- Exit zone
- A geographical gas distribution area wholly contained within a local distribution zone which groups supply points together that, on a peak day, receive gas from the same national transmission system offtake point(s). Supply points in the same exit zone attract the same exit capacity charge rate.
- Firm gas
- A guaranteed supply of natural gas that will not be subject to interruption.
- Fossil fuel
- Coal, natural gas and fuels derived from crude oil.
- Fundamentals
- Factors other than psychological or technical that influence the price development on the physical or futures market, e.g. physical supply and demand, stock levels, currency exchange rates, interest rates, weather forecasts etc.
- Gas Producer
- A Company that explores for gas, drills the wells and extracts the gas from the seabed.
- Gas year
- The period commencing 06:00hrs 01 October through to 06:00hrs 01 October the following year.
- Generator
- Producer of electricity
- Gershon Review
- The Gershon review was a review of efficiency in the UK public sector conducted in 2004-5 by Sir Peter Gershon. Gordon Brown, Chancellor of the Exchequer, appointed Peter Gershon, at that time the head of the Office of Government Commerce, to review operations across all public services and make recommendations regarding expenditure and efficiency. His report recommended making savings for Financial Year 2005-6, to be achieved through dramatic changes to the organisation of each government department and automating their work patterns, in order to 'release' resources from the public sector budget that was then approximately £320bn. These savings were to be achieved by 2007.The effect of these objectives has been for all government departments to agree reductions on their long-term budgets, and then work out how to fulfill these challenging promises without crippling their existing obligations and service.
- GPRS
- General Packet Radio Service is still the most widely used mobile data service in use, but is rapidly being overtaken by 3G and HSDPA.
- Grid supply point
- Point between transmission and distribution systems where responsibility for electricity supply transfers from National Grid Transco to the local REC.