| Term | Description |
|---|
| VEE | Validating, Editing and Estimation. These are the steps required for testing in order to produce settlement ready data. |
| Vented | Gas released into the air on the production site or at processing plants. |
| Vented/Flared | Gas that is disposed of by releasing (venting) or burning (flaring). |
| Virtual Metering Point | An effective point of measurement, that may or may not be physically locatable, where active energy or reactive energy is deemed to have been transferred through the point that is derived from one or more metering points. |
| Volt | The volt is the International System of Units (SI) measure of electric potential or electromotive force. A potential of one volt appears across a resistance of one ohm when a current of one ampere flows through that resistance. Reduced to SI base units, 1 V = 1 kg times m2 times s-3 times A-1 (kilogram meter squared per second cubed per ampere). |
| Voltage | The difference in electrical potential between any two conductors or between a conductor and ground. It is a measure of the electric energy per electron that electrons can acquire and/or give up as they move between the two conductors. |
| Voltage Reduction | Any intentional reduction of system voltage by 3 percent or greater for reasons of maintaining the continuity of service of the bulk electric power supply system. |
Glossary