| Term | Description |
|---|
| NEB | National Energy Board, the federal energy regulatory agency in Canada. |
| NERC | The North American Electricity Reliability Council is responsible for aspects of an international electricity system that serves 334 million people, and has some 211,000 miles (340,000 km) of high-voltage transmission line throughout North America. NERC develops and maintains reliability standards, including regional reliability standards, that apply to bulk power system owners, operators, and users. Regional reliability standards, when approved by the Federal Energy Regulatory Commission (FERC) in the U.S. and in Canada the National Energy Board (NEB) along with provincial regulatory authorities, are made part of the body of NERC reliability standards. These are enforced upon all bulk-power system owners, operators, and users within the regional entity's region, regardless of membership in the region. As of Sept 2006 the NEB recognized NERC’s role in Canada as Electric Reliability Organization for a North American interconnected system. |
| 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. |
Glossary