05.07.2009

Such as when a country does a round to award rounds to enhance exploration activities in mature areas, where expectations are smaller discoveries that cannot justify an independent development and where it is therefore good resource management to discover and develop these resources before existing infrastructure in connection to other fields are shut down

The amount of money that an electric utility would need to spend for the next increment of electric generation to produce or purchase elsewhere the power that it instead buys from a cogenerator or small-power producer. Regulators (including the PUA-Electricity in Israel) establish broad guidelines for determining how much a licensed facility gets paid for power sold to the utility.

The average number of megawatt-hours, not megawatts, over a specified time period. For example, over the course of one year, an average megawatt is equal to 8,760 megawatt-hours, or 24 hours x 365 days x 1 megawatt.

The energy demand in a given geographical area over a period of time. For example, the number of kilowatt-hours used in a 24-hour period, divided by 24, tells the average demand for that period.