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Electric rate
The electric rate is the price determined for an amount and type of electricity, as
specified by an electric rate schedule or contract.
Electric rate schedule
An electric rate schedule is a contract that specifies the electric rate (the price
determined for an amount and type of electricity) and the accompanying terms of
this price. The electric rate schedule would include terms and conditions set by a
regulatory authority.
Electrical system energy losses:
Energy that is lost through the generation, transmission, and
transportation/distribution of electricity.
Electric utility
An electric utility can consist of anything from a corporation to a single person that
cooperates with distribution facilities to deliver electricity to customers. Electric
utilities may include investor-owned electric utilities, state utilities, municipal utilities,
Federal utilities, rural electric cooperatives, and so on.
Electricity broker
An electricity broker helps organize the sale of electricity and its transmission from
the producer to consumer. However, brokers do not take any claim to the power that
they help sell.
Electricity congestion
In layman's terms, electricity congestion occurs when the grid is overloaded with
electricity. It means that there was not enough capacity available on the transmission
lines in order to meet all of the current demands simultaneously. It is dangerous
because this congestion can result in shortages, and potential breakage of the
transmission lines.
