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Glossary - T
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 1 - 10 of 13 definitions.
- Take or pay
- A contract whereby a customer must pay for a specific minimum quantity of gas irrespective of usage.
- Tariff
- Published standard charges applied to gas and electricity supplies that are not on a bespoke negotiated contract.
- Technicals
- Factors other than fundamental or psychological ones that influence future price developments e.g. trend indicators, moving averages, support and resistance levels etc.
- Third party access
- Right of any gas or electricity supplier to have access to the national transmission system of that energy even though the system is operated and/or owned by another organisation.
- Transmission
- National network for movement of power between power station and local distribution networks.
- Transmission losses
- Charges relating to electrical losses that occur as power is transmitted via the National Grid
- Transmission Use of Systems
- Charges levied by National Grid Transco for the transmission of electricity through the National Grid
- Transportation
- Movement of gas from the beachhead terminal to Local Distribution Zones.
- Transportation charge
- The charges associated with transporting gas from the beach to Local Distribution Zones. Prices are based on a distance related tariff system and vary depending on interruptible and firm supply.
- Transporter - gas
- National Grid Transco or any other holder of a public gas transporters licence (including the new distribution networks) granted or treated as granted under the Gas Act 1986.