05.07.2009

A loan agreement is typically used by a bank, another financial investor or partner to finance all or part of an oil and gas project. Compensation for funds advanced is limited to a specified interest rate. The tender does not participate in profits earned by the project above the agreed upon interest rate. There is normally a fixed repayment schedule for the amount advanced and repayment of the obligation is made before any return to equity investors. Risk is limited to default of the borrower or failure of the project and thus the lender does his utmost to ensure that every aspect of the project is economically sound before agreeing to lend the money requested. Variations in production, market prices and sales do not normally affect compensation. Reserves are not recognized under this type of agreement

The practice of altering the pattern of energy use so that on-peak energy use is shifted to off-peak periods. Load shifting is a fundamental demand-side management objective

When the electricity supplier intentionally causes electricity blackouts (electricity stoppages) because demand is higher than their available to supply

Term used in planning and demand-side management that refers to the distribution of energy requirements over time. Derived from the practice of plotting energy requirements on a chart or graph, which produces a graph whose curve usually has a distinctive shape. When distribution of energy requirements is changed, the shape of the graph also changes, so the redistribution of demand or load is referred to as changing the load shape

Distribution of power requirement over time

The amount of electric power delivered or required at any specific point of points on a system.  The requirement originates at the energy-consuming equipment of the consumers