05.07.2009
The amount of energy in kilowatt hours that was produced in a year divided by the amount of energy in kilowatt hours that would have been produced in a year had the production unit been operated at its rated capacity the entire year.
One of the methods of transaction between the ESP and an IPP. Under this method an IPP may also sell the energy it generates to its customers during periods when the ESP does not require this energy
Mechanism to allocate capacity in a transmission pipeline or an LNG gasification facility under the open access method. In principle governments, regulators want capacity to be allocated in a transparent manner that will be best suited to the objectives at hand. The mechanism for allocating capacity in an LNG gasification facility can include: open season, first come first served, pro rata basis, auction, or slots. From the accepted methods of allocating capacity under open access, three have become the most common: open season, first come first served, pro-rata allocation and priority allocation. The open season and the first come first served systems are good as long as there is significant demand in the system, at least half of the facility’s capacity. The priority allocation system is usually used in case when there is more demand than supply
The amount of electric energy and capacity available for purchase from outside a utility system
In reference to electricity, the maximum load that a generating unit or generating station can carry under specified conditions for a given period of time without exceeding approval limits of temperature and stress