AEMO
Australian Energy Market Operator
AEST
Australian Eastern Standard Time
Approved Energy Loss Factor
The aggregate of any applicable loss factors (including both the intra-regional loss factors and the distribution loss factors)
ASX
Australian Securities Exchange (or any successor entity).
Billing Period
means a period which will be as close as possible to a Contract Month.
Business Day
A day other than a Saturday or Sunday or a public holiday in the State or Territory in which the relevant Premises are located.
Carbon Neutral
Companies, processes and products become carbon neutral when they calculate their carbon emissions and compensate for what they have produced via carbon offsetting projects/certificates.
Carbon Footprint
The total amount of greenhouse gases (including carbon dioxide and methane) that are generated by a company or organisation.
Carbon offsets
Broadly refers to a reduction in GHG emissions – or an increase in carbon storage (e.g., through land restoration or the planting of trees) – that is used to compensate for emissions that occur elsewhere.
Co2-e
Carbon Dioxide equivalent
Carbon Intensity
The average carbon dioxide equivalent intensity of generators registered under the National Electricity Rules a (in tonnes of CO2-e/MWh)
Carbon Permit
means a unit, permit, credit, offset, permission, allowance or other proprietary right capable of being used by its holder to satisfy a liability for the emission of one tonne of carbon dioxide equivalent under the Carbon Scheme
Carbon Scheme
Mandatory Commonwealth scheme for the management of greenhouse gas emissions or concentrations which applies to emissions relating to the generation or transmission of electric power in the National Market, or emissions from fuel sources used for the generation of electric power in the National Marke
Certificate Period
means each period where the first Certificate Period starts on and the last Certificate Period ends on the Expiry Date
Child Connection Point
A metered point within an embedded network
Commission
Any amount that is incorporated into the charges payable by the Customer which is remitted by a retailer to the Intermediary as a commission for the services the Intermediary provided or provides to the Customer.
Contracted Gas Quantities
ACQ - Annual contract quantity
DSM
Demand Side management
DWGM
Declared Wholesale Gas Market (Vic)
EEIS (AEEC)
Energy Efficiency Improvement Scheme (ACT)
Embedded Network
Private electricity networks that serve multiple premises, such as in apartment blocks, caravan parks and shopping centres
ENO
Embedded Network Operator (ENO) takes care of procurement, billing, collection and customer service
ENM
The Embedded Network Manager (ENM) is a service provider accredited by the Australian Energy Market Operator (AEMO).
Emissions
Scope 1, Scope 2, Scope 3
Feed In Tariff
The energy rate paid by retailer for the export of electricity
Large-scale Renewable Energy Target
Large-scale generation certificate-based scheme established under the Renewable Energy Act and the Renewable Energy (Electricity) (Large-scale Generation Shortfall Charge) Act 2000 (Cth), to encourage additional electricity generation from renewable energy sources.
Small-scale Renewable Energy Scheme
Small-scale technology certificate-based scheme established under the Renewable Energy Act and the Renewable Energy (Electricity) (Small-scale Technology Shortfall Charge) Act 2010 (Cth), to encourage additional electricity generation from renewable energy sources.
Default Rates
means the unit rates and any other relevant additional charges for the supply of electricity without a contract
Distribution System
entity responsible for the connection, transportation, delivery or physical supply of electricity to the Site
Emissions and Renewable Energy Legislation
Renewable Energy (Electricity) Act 2000 and any other Energy Law which has as one of its purposes the reduction or limitation of greenhouse gases or the minimisation of the impact on the environment of the electricity industry generally.
Emissions and Renewable Energy Scheme
A scheme, program or requirement established under Emissions and Renewable Energy Legislation. Schemes which may include the Commonwealth Large-scale Renewable Energy Target, the Commonwealth Small-scale Renewable Energy Scheme, the NSW Energy Savings Scheme, the Retailer Energy Productivity Scheme, and the Victorian Energy Efficiency Target Scheme.
Energy Law
Means any statute, regulation, code, rules, direction, mandatory guideline, licence condition or other regulatory instrument which governs or affects any one or more of the price of electricity, the cost to AGL of purchasing or selling electricity, the Delivery of Electricity, the sale of electricity to the Customer or the electricity industry generally.
ESC
Energy savings certificate created under the NSW Energy Savings Scheme.
Final Scheme Percentage
(a) in relation to ESCs, the value calculated as the product of the energy savings scheme target multiplied by the energy conversion factor for that year, each as set out in Schedule 5 of the NSW Act;
FRMP
Financially Responsible Market Participant
FCAS
Frequency Control Ancillary Services
FRC
Full Retail Competition
GJ
Gigajoule - measurement of gas
Intermediary
Broker, buying group or other third party involved in providing energy brokering, procurement or contracting advice to the Customer.
KVA
Kilovolt ampere - kVA is a measure of apparent power
KWh
Kilo Watt Hour - measurement of electricity
LGC
Large-scale generation certificate created under the Commonwealth Large-scale Renewable Energy Target.
LNSP
Local Network Service Provider
LOR
Lack of reserve - This condition exists when reserve levels are lower than the two largest supply resources in a state. Also LOR2 and LOR3 increasing in severity in lack of demand
Loss factors
means the transmission or distribution loss factors (as applicable) for a Site published or determined by AEMO
Market Charges
Charges associated with the operation of the National Market imposed by Energy Law, the System Operator, any other regulatory authority or with the Customer’s agreement, and includes any ancillary services, charges, or costs, and includes charges associated with AEMO’s Reliability and Emergency Reserve Trader function.
Metering Charges
Metering costs in relation to the Premises, or charges in relation to the provision of Metering Equipment and any Metering Installation and the collection and distribution of metering data
Metering Coordinator
Customer Appointed MC or an Retailer MC appointed to provide metering services in accordance with the National Electricity Rules and Energy Laws including:
Metering Data Provider
Provision of interval data
Metering Equipment
Equipment installed (or to be installed) to measure, record and in certain cases forward the data relating to the amount of electricity delivered to a Premises from the Distribution System
Metering Provider
The owner, installer of metering equipment
MSATS
Market Settlement and Transfer Solution Procedures
MWh
Megawatt hours - 1000 KWhs
NEM
National Electricity Market
National Energy Retail Rules
Rules made pursuant to the National Energy Retail Law.
National Market
Australian wholesale electricity market operated under the National Electricity Rules.
Network Charges
Costs charged by the Distributor in relation to the Premises including the cost of Delivery of Electricity and connection to the Distribution System and any excluded services.
NMI
National Meter Identifier
Off Peak
All other times not defined under Peak or Shoulder.
Peak means:
(a) for New South Wales and the Australian Capital Territory, 7.00 am – 9.00 am and 5.00 pm – 8.00 pm local time on Business Days (example only refer to your retailer for exact times, dates)
PDRS
Peak Demand Reduction Scheme
Pricing Term
Period from the Commencement Date to the Pricing Termination Date.
REPS
Retailer Energy Productivity Scheme
RERT
Reliability and Emergency Reserve Trader - is a function conferred on AEMO to maintain power system reliability and system security using reserve contracts
Roll In/Roll Out
For each contract Period for each State, the number of contracted sites that can be rolled into a contract or rolled out of a contract without penalty
RRP
Regional Reference Price - applicable each Trading Interval
Security
A refundable deposit or pre-payment, guarantee from a third party or other security
Shoulder
New South Wales and the Australian Capital Territory, 9.00 am – 5.00 pm and 8.00 pm – 10.00 pm local time on Business Days (example only refer to your retailer for exact times, dates)
STC
Small-scale technology certificate created under the Commonwealth Small-scale Renewable Energy Scheme.
STTM
Short Term Trading Mechanism (NSW, QLD, SA and ACT)
System Operator
Any person or body appointed under Energy Law whose functions are, amongst other things, to operate and administer the National Market, control the security of the electricity supply system, or regulate and monitor the electricity transmission system.
Take or Pay Percentage
The minimum amount of gas that must be consumed without penalty - Typically 80%
Trading Day
Day on which the ASX is due to be open for trading during its regular trading session.
TNSP
Transmission Network Service Provider
UFE
Unaccounted for Energy
VEEC
Victorian energy efficiency certificate created under the Victorian Energy Efficiency Target Scheme.
Victorian Energy Efficiency Target Scheme
Scheme established under the VIC Act to reduce greenhouse gas emissions and encourage investment, employment and technology development in industries that supply goods and services which reduce the use of electricity and gas of consumers.
Wholesale Energy Contract
Means a wholesale, power purchase, hedge or other similar contract that has the purpose or effect of reducing exposure to the volatility of the wholesale cost of acquiring electricity in the National Market.
Zero Emissions
Zero emissions, or ‘absolute’ or ‘true’ zero, refers to zero greenhouse gas emissions. Achieved without the use of offsetting to balance emissions.
100% Renewable Energy
100% renewable is when the amount of renewable energy produced is equal to or more than what is consumed.