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An aggregator is an entity that combines end-use customers or distributed energy assets into groups for the purpose of participating in...
Ancillary services are the services (other than energy) required by system operators to ensure reliable operation of the electric grid....
Some oil wells also produce natural gas along with the oil. The produced gas is called associated-dissolved gas, or more simply,...
Users of natural gas are rarely able to forecast exactly how much gas they will need on a given day. Production rates go up and down,...
Basis is a term used in energy trading to describe the difference between two methods of setting prices. Examples of basis include:...
In natural gas wholesale trading markets, bid week is the last five business days immediately preceding the first of each month. Although...
A bilateral contract is a private trade between two parties. Bilateral transactions usually occur on the phone with two individuals...
CME Group is an American global markets company. It is the world's largest financial derivatives exchange, and it trades in asset classes...
The California Independent System Operator (CAISO) is a regional transmission organization (RTO) that manages the flow of electricity...
California implemented electric deregulation on April 1, 1998. In the first years (1998–1999) wholesale electric prices dropped — so much...
When market participants contract to use specific facilities, they often contract for rights to use a specific amount of capacity on the...
Capacity refers to the maximum amount of power available from an electric resource or the maximum capability of an electric device to...
In the natural gas industry, capacity measures the capability of a well, processing plant, pipeline, storage facility, or LNG facility to...
A capacity payment is made by a user of an energy asset to the owner of that asset in return for the rights to utilize the asset’s...
Capacity release (also called capacity brokering) is the act of reselling firm pipeline rights to a new entity. The market where capacity...
Carbon negative refers to an entity or a process that has a net effect of removing greenhouse gases from the atmosphere. To achieve...
A carbon offset is a tradeable instrument that represents a specific amount of reduction in greenhouse gas emissions or an increase in...
A clean energy standard, or CES, is a regulatory requirement obligating utilities, generation authorities, or load-serving entities to...
A commodity is a product that is mass produced and unspecialized, and as such it is easily interchangeable with a similar product from...
Under complete retail competition, the utility has been completely removed from the supply function and is simply a transporter of...
