| M | |
MAAT |
Month-at-a-time Settlement. |
MAP |
Market Achievement Plan provides the opportunity for Alberta consumers, retailers and marketers to buy electricity contracts associated with the unsold Power Purchase Agreements (PPAs) that are held by the Balancing Pool. |
Market Liquidity |
A situation in which there are sufficient numbers of credit-worthy buyers and sellers and therefore sufficient trading volumes to permit discovery of a credible price in the market for a given time period. |
Market Participants |
Means any person that supplies, generates, transmits, distributes, trades, exchanges, purchases or sells electricity and/or associated services. |
Market Signal |
Price movements that may cause a market participant to respond by taking some action. |
Mass Retail Market |
The residential and small commercial retail market, comprising consumers with annual consumption at a single site of less than 250 MWh. |
Max kVA |
Demand in Kilovolt Amps for period. |
Max kW |
Kilowatt demand for period. Report column heading: MAX_KW. |
Max Reading (Voltamp) |
Used to derive the demand in kVA. Example: If max reading = 100 and the multiplier = 200, kVA = (100 x 200)/1000. kVA = 20. |
Max Reading (Watt) |
Used to derive the demand in kW. Example: If max reading = 100 and the multiplier = 200, kW = (100 x 200)/1000.kW = 20. |
MCN |
Meter Change Notification (exclusive to ATCO). |
MDM |
MDM is the entity responsible for collecting meter data, correcting and validating interval meter data, storing historic data and reporting load and consumption data and times to appropriate parties. |
MDM ID |
A 4-digit number uniquely representing each Meter Data Management Company operating within Alberta. MDM IDs are prefixed with a "2". Report column heading: MDM_ID. Sender (the MDM responsible to read the meter). |
MDM ID 2010 |
ATCO |
MDM ID 2020 |
ENMAX |
MDM ID 2030 |
EPCOR |
MDM ID 2040 |
FORTIS |
MDM ID 2050 |
Lethbridge |
MDM ID 2060 |
Crowsnest Pass |
MDM ID 2070 |
Red Deer |
MDM ID 2080 |
Ponoka |
MDM ID 2090 |
Fort MacLeod |
MDM ID 2100 |
Cardston |
MDM ID 2110 |
SouthAlta REA |
MDM ID 2120 |
Rocky REA |
MDM ID 2121 |
Horseguard REA |
MDM ID 2130 |
Central REA |
MDM ID 2140 |
Battle River REA |
MDM ID 2150 |
Barrhead REA |
MDM ID 2151 |
Duffield REA |
MDM ID 2153 |
Wild Rose REA |
MDM ID 2154 |
Yellowhead REA |
MDM ID 2155 |
North Parkland Power REA |
MDM ID 2156 |
Sion REA |
MDM ID 2160 |
Manning REA |
MDM ID 2165 |
Lakeland REA |
MDM ID 2170 |
MIDAS |
MDM ID 2180 |
TransAlta |
MDM ID 2190 |
Trackflow |
MDM ID 2195 |
AltaLink |
MEA |
Municipal Electric Association. |
Measurement Data |
Measurement data is data that has been collected from meters,compensated & aggregated appropriately, and subjected to the required checks. |
Measurement Point Data |
The data associated with a metered measurement point. |
Measurement Point Definition Record |
The physical profile / design of the metering site. Also, the Transmission Administrator specification that defines the physical Record arrangement of the metering systems, as well as any algorithms used to manipulate the metering data to produce the measurement data associated with the measurement point to which the specification applies. |
Mega |
One million. |
MegaWatt - hours |
Equivalent to 1 million Watt or 1,000 Kilowatts supplied, produced or used for one hour. |
Merit Order |
A list of the supply offers and demand bids for each hour of the day, compiled by AESO schedulers. |
Meter |
The apparatus that measures active energy or reactive energy or both, including an internal recorder, or clock, which is normally tested as part of the apparatus. |
Meter Data Manager (MDM) |
MDM is the entity responsible for collecting meter data, correcting and validating interval meter data, storing historic data and reporting load and consumption data and times to appropriate parties. |
Metering |
Measuring of the amount of electric energy consumed by a customer. |
Meter Multiplier |
The formula that compensates for the physical attributes of the site, or the wires characteristics that affect the meter. Ex: if the site meter rolls over 2x/month, the rollover is 2. |
Meter Number |
The unique number representing a meter. |
Meter Reading Type |
Describes the type of meter reading: ME = Actual from meter; CA = Calculated; VE = Result from a VEE process (Verification, Edit, Estimation); ES = Estimate. |
Metering Data |
The data associated with a metering Point. |
Metering Point |
The physical site or address of a meter. |
Metering system |
The devices required for metering a site, including meter, CT/PT and communications. |
Min Load |
Minimum load is the minimum hourly consumption in a day. |
Minimum Demand |
Contracted minimum demand for the site(s). |
Miscellaneous Charge |
Miscellaneous charges include all other distribution charges that appear on the REA's invoice to its customers such as association dues, billing fees, deposit reserves, idle charges, and operating and maintenance fees. |
Monthly Billing Summary Report |
Monthly billing summary of site level detail, based on a given accounting period. |
MSA |
The Market Surveillance Administrator is a statutory corporation established by the Electric Utilities Act, appointed by the Minister of Energy and accountable to the Chair of the Energy and Utilities Board, whose mandate is to carry out surveillance and investigation regarding all aspects of Alberta's electricity markets to ensure that the market is functioning in a fair, efficient and openly competitive manner, to investigate, discourage and to recommend penalties in cases of market abuse. |
MSP |
Meter Service Provider, the entity that provides services to the meters. |
MVA |
Mega volt amp, or 1000 kVA. |
MW |
Megawatt is a unit of electrical power equal to one million watts or one thousand kilowatts. |
MWh |
Megawatt-hour is one million watt-hours of electric energy. A unit of electrical energy which equals one megawatt of power used for one hour. |
| N | |
NEB |
National Energy Board, the federal energy regulatory agency in Canada. |
NERC |
National Electricity Regional Council. |
Net Exports |
Total exports minus total imports. |
Net System Load Shape (NSLS) |
This method is also referred to as the system residual profile, or the grid exit point (GXP) residual. The shape of the total load at the point of distribution, minus the (possibly loss-adjusted) total of interval-metered loads, is taken as the load profile for all Customers within the point of delivery (POD). The method can also be applied at the distribution system or load isolation zone level rather than at individual distribution points. |
Non-Usage Energy Charge |
Non-Usage energy charges include Loss, UFE & spot trading charges. |
Notice Period |
The period of time before a consumer can switch to another retailer after giving notice to his current retailer. |
NRC |
National Research Council. |
Nuclear Power |
Power generated at a station where the steam to drive the turbines is produced by an atomic process, rather than by burning a combustible fuel such as coal, oil or gas. |
| O | |
Off Peak |
The period during a day, week, month or year when the load being delivered by a natural gas or electric system is not at or near the maximum volume delivered by that system for a similar period of time. (night vs. day). |
Ohm |
A unit of electrical resistance. A circuit resistance of one ohm will pass a current of one ampere with a potential difference of one. |
On Peak |
Electricity supplied during a period of high system demands as specified by the supplier. |
Other Charges |
Other Charges includes late payment penalties, meter read fees, NSF charges, rental deposits, balance transfers, bad debt write offs, reconnection fees, yardlight rental fees, and refunds. The Other Charges' amount will not match the actual cost on the report as these are by billing month and have not been prorated to the production period. |
Overload |
The operation of electrical equipment above its normal full-load rating. |
Overall Cost |
Overall cost is calculated from total charge for the month divided by consumption. This number represents the average price paid for delivered energy after netting out generation. |
| P | |
PA |
Point of Distribution Interchange. |
PBR |
Performance Based Rates - a concept of providing incentives to improve productivity while sharing the gains between customers and shareholders. |
PDI |
Point-of-Distribution-Interchange. A conceptual point of interchange between distribution systems areas. |
PDS |
Point-of-Distribution-Supply. A conceptual point of supply onto a distribution system. A PDS is the point at which energy is deemed to be supplied on the distribution system. This is the interconnection point between a distributed generator and a distribution system. |
Peak Demand |
The maximum load during a specified period of time. |
Peak Load |
Peak load is the maximum hourly consumption in a day (i.e. the maximum load consumed or produced by a unit or group of units in a stated period of time). |
Percent(%) of Total Load |
Percent (%) of Total Load is the fraction of the total corporate monthly consumption. |
PFAM |
The Post-Final Settlement Adjustment mechanism (PFAM) is a process for correcting errors in settlement results after the financially-binding Final settlement. |
PFAM Indicator |
The PFAM indicator will show a -1 if the RISS number is higher than the WSD number, it will show 0 if the RISS number is equal to the WSD number and will show +1 if the RISS number is lower than the WSD number. |
PFEC |
The Pre-Final Error Correction (PFEC) is a process for correcting errors in settlement results before the Final settlement is run. |
PICA |
Public Institutional Consumers of Alberta. |
PILOT |
Payment In Lieu of Income Tax - Payments by municipally-owned or other tax-exempt entities which are exempt from federal and provincial income taxes with the objective of creating a level playing field with investor-owned competitors. |
POD |
Point-of-Delivery. A conceptual point of delivery from the Transmission System. A POD is the point at which energy is deemed to be delivered from the transmission system to the distribution system. A POD is a collection of one or more Administrator's measurement point definition records. |
POE |
Point-of-Exchange. A conceptual point of exchange with non-AIES control areas at transmission voltages. A POE is a collection of PODs and POSs aggregated according to a fixed formula to create a real or virtual point of energy delivery or receipt from outside the transmission system. Refers to BC and Saskatchewan tie lines which supply imports and exports to or from Alberta. |
POI |
Point-of-Interconnection. See Point-of-Exchange (POE). |
POS |
Point-of-Supply. The point at which energy is deemed to be supplied to the transmission system. |
Pool |
The Power Pool of Alberta (PPoA). |
Pool Charge |
Allocated power pool spot trading charge and uplift. (uplift for 2001 only) |
Pool Price |
The price for electric energy during a hour, established and reported by the AESO in accordance with the AESO rules, for electric energy exchanged through the Power Pool. |
Pool Rebate |
Allocated Power Pool Rebate (2001 only) |
Pool Settlement Date & Payment |
All financial settlements of the Final Pool Statements occur on the 20th business day following the end of each production period, unless the due date has changed due to prior late payments. Pool participants must arrange for payment of amounts owing, as stated on the Final Pool Statement, to be electronically transferred into the appropriate AESO bank account. All amounts owed to pool participants by the AESO will be transferred on this date as well. |
Postage Stamp Transmission Tolls |
Transmission rates are averaged so that consumers pay the same transmission rate regardless of their location or distance from generation facilities. |
Power |
The rate at which work is performed or that energy is transferred. Electric power is commonly measured in watts or kilowatts. A power of 746 watts is equivalent to 1 horsepower. |
Power Factor |
The ratio of real power to apparent power delivered in an ac electrical system or load. Its value is always in the range of 0.0 to 1.0 or 0% to 100%. Note: (1.0) indicates that the current is in phase with the voltage and that reactive power is zero. |
Power Marketer |
A company engaged in buying and selling electric energy. |
Power Pool |
Operated by the AESO, it is a market providing the exchange of energy and financial settlement for the exchange of electric energy. |
Power Pool ID |
The Power Pool ID is 3000. |
Power Purchase Agreement Auction |
Auction of Power Purchase Agreements and of derivative contracts associated with Power Purchases Agreements, managed by the Balancing Pool. |
PPA |
Power Purchase Agreement. A legal agreement as described in Regulation for the purposes of selling electric energy from generating plants built prior to 1996 to a buyer of the electric energy and must include a determination of the manner in which excess electric energy produced by the generating unit is to be exchanged by the purchaser of the PPA through the Power Pool for the benefit of the owner of the generating unit. |
Preliminary Pool Statement |
Available on the AESO's Web site on the 5th business day after the end of each production period. Log onto the AESO Web site using a digital certificate to retrieve the Preliminary Pool Statement. A preliminary statement is provided so that pool participants have an opportunity to review the information and contact the AESO if there is a discrepancy prior to the Final Pool Statement being issued. This is not the statement that is paid. |
Price Cap |
A maximum price for electric energy or related services, set by a government or regulatory agency. |
Price Volatility |
The rate of change of price over time. |
Profile Cutoff Date |
Date and time specifying the last point at which data is included for profile generation. |
Profile Segmentation |
The method by which sites are divided into profiling classes. |
Profiling Cap |
Also known as threshold, the Profiling Cap is the size level above which a site is required to have interval-metering data. |
Profiling Class |
A group of sites that will be settled using a common load profile. The customer's load profiling class. |
