| Term | Description |
|---|
| Balancing Pool | The Balancing Pool plays a prominent role in managing the Power Purchase Arrangements of several major power plants. Primary roles:
- To manage the financial accounts arising from the transition to a competitive generation market on behalf of electricity consumers, and
- To meet any obligations and responsibilities associated with both sold and unsold Power Purchase Arrangements (PPAs).
|
| Base Energy Charge Difference | The difference between the total load from the Power Pool and the total load from the LSA. |
| Base Load | The minimum continuous load over a given period of time. Base load generating stations operate essentially at full output whenever possible. |
| Base Price ($/MWh) | The contracted price of the first hedge (7x24) used as a base when combined with another hedge to create minimum exposure to the market. |
| BCN | Breaker Change Notification (exclusive to ATCO). |
| BCTC | British Colombia Transmission Corporation is the provincial Crown Corporation that plans, builds, operates and maintains British Columbia’s publicly-owned electrical transmission system. The Minister for the Crown holds 100 percent of the shares of the Corporation, as required by the Transmission Corporation Act of May 29, 2003. BCTC was created in 2003 to ensure fair and open access to the transmission system and is responsible for; (1) planning for system upgrades and ensuring that BC has a reliable electricity supply for the future, (2) building new infrastructure including circuits and substations to ensure that the system expands to meet BC’s growing needs, (3) ensuring the transmission of electricity through wires and transmission facilities from our state-of-the-art control centre, and (4) keeping electrical equipment safe and reliable, managing trees and vegetation and developing innovative solutions to extend the life of transmission assets. |
| Bilateral Transactions | An electric energy supply arrangement, the terms of which, including price, are negotiated between an energy retailer and a consumer. |
| Bill End Date | Production period end date. The standard Date format has been defined as: YYYYMMDDHHMISS. |
| Bill Start Date | Production period start date. The standard Date format has been defined as: YYYYMMDDHHMISS. |
| Billed Demand | The greater of metered demand for current billing period, a peak demand set in a previous month or the contract minimum demand. |
| Binding Day-Ahead Market | A market in which title to the electric energy transfers from the seller to the buyer one day prior to physical deliver and the transaction is binding on both parties. |
| Block Price ($/MWh) | The contracted price of the second hedge (7x16) used additionally with a base hedge to create minimum exposure to the market. |
| British Thermal Unit (Btu) | A unit of heat. The quantity of heat required to raise the temperature of one pound of water by one degree Fahrenheit. |
| Budgeted usage (kWh) | Site ID specific consumption estimate, can be set by Retailer/Customer. |
| Bulk Electricity | Large amounts of electric power at transmission voltages, generally to run industrial plants and operations. |
| Bundling Electricity | Combining the costs of generation, transmission and distribution and other services into a single rate charged to the retail customer. |
| Business Day | A business day is any day other than Saturday or a holiday as defined in the Interpretation Act. |
| Business Function ID | DE - Default Retailer; LR - Supplier of Last Resort; RE - Competitive Retailer; RR - Regulated Rate Option Retailer; SR - Self Retailer. |
Glossary