Industry Jargon Explained

The private business contracted to operate the MRA as MRASCO and the SEC

1,000,000 kWh or 1,000 MWH

The connected nature of the globalised energy market whereby e.g. demand in Europe can affect supply and price in the UK

The network that transports energy from source to destination. Also describes the payment market between suppliers & generators

The point in each regional distribution network where the transmission network connects to it

Data sourced from a half hourly meter in 30 minute intervals, collected and aggregated by your DC/DA

A charge to reduce the cost of the distribution of electricity in certain areas such as the North of Scotland.

The current supplier of a meter

Specialised contracts for intensive gas users to cut demand in peak periods to balance the network

A measure of the difference between real and apparent power arising because of inefficiencies in electrical transmission

A measure of power taken over time; 1,000 watt-hours or 3.5 mega joules

Electricity from a non-fossil fuel source of generation e.g. renewable energy and therefore not liable for CCL

A multiplier applied to a meter & used to estimate the losses in transporting energy along the distribution network

Availability of commodity in a traded market, the higher, the stronger liquidity and lower the influence of a single transaction

Gas converted & compacted to less than 1/600th of its gaseous state to facilitate ease of transportation over long distances

The absolute consumption divided by the maximum energy ‘demanded’ at a specific point as measured by a Maximum demand mete

The maximum energy ‘demanded’ by a metering system at a specific point

The entity who maintain the gas meter installed in a premise

The entity who owns the gas meter installed in a premise

The entity who maintains an electricity meter installed in a premise

The non-unique serial number of a gas or electricity meter, used to identify the meter and not the supply point

Identifies the rate/time periods that a meter will support to measure meter consumption across differing periods

A business using under 100,000kWh of electricity, 293,000kWh of gas, with fewer than 10 staff and turnover less than €2m

The unique reference applied to the gas supply point in a premise, the gas industry version of the Supply Number

The unique reference for a metering system at a supply point. The ‘bottom line’ of the Supply Number

The 14 regional areas that hold centralised data about each customer meter and supply point

The rules that govern the DTN and underpin the registration processes of the electricity market. Managed by MRASCO.

The Company that owns the electricity transmission network and the gas pipeline network

The legal framework of the gas industry designed to facilitate competition

The process within the registration window where the supplier blocks the transfer

The non-customer facing industry regulator responsible for the competitive energy market, a non-ministerial government department reporting to DECC

P272 & P322 proposes to make HH Settlement mandatory for all Metering Systems within PCs 5-8 (where capable metering has been installed), as the Proposer believes that the use of Non Half Hourly (NHH) data is not as accurate and masks individual customer behaviour. Rolled out in april 2014 with a deadline of April 2017.

Elements of the energy and non-energy prices that can be changed and passed through under the contract terms e.g. levies, transportation & metering costs or wholsale

1,000,000,000,000 kWh, 1,000,000,000 MWH, 1,000,000 GWH, 1,000 TWH

HMRC’s Climate Change Levy Relief Supporting Analysis document intended to prove, via supporting analysis, a business’ claim for relief

HMRC’s document to inform an energy supplier of the level of relief to be applied against a business’ CCL liability