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levels of generation and demand cleared through the day-ahead market that was
issued one day prior to the operating day.
Decarbonization
Decarbonization is the process by which organizations (or countries and individuals)
aim to reduce carbon emissions. Typically, this refers to a reduction of the carbon
emissions associated with electricity, industry and transport.
Decoupling
Decoupling (when in relation to climate change) is where economic growth is no
longer strongly associated with the consumption of fossil fuels. Relative decoupling is
where there is both economic growth and fossil fuel growth, but at different rates.
Absolute decoupling is where economic growth continues, while fossil fuels decline.
Demand
See Electricity demand.
Demand bid
A demand bid into the power exchange enables consumers to actively participate in
electricity trading. Bids indicate a quantity of energy or ancillary service that a
consumer is willing to purchase and, typically, the maximum price that they are willing
to pay.
Demand charge
That portion of the consumer's bill for electricity, based on their maximum electric
capacity usage and calculated based on the billing demand charges under their
applicable rate schedule. Often referred to as ICAP tags or capacity charges,
depending on the market.
Demand charge credit
A demand charge credit is the compensation received by the buyer when the
delivery terms of a contract cannot be met by the seller.
