Markets

Municipal utility/public utility district

In some areas, local governments provide electric

Net zero

The concept of net-zero means that a structure (a

Netback

Producers measure the value of any given sale on t

Netforward

Buyers of natural gas measure the value of a suppl

New York ISO (NYISO)

The New York Independent System Operator, commonly

Noncore customers

Noncore customers are customers considered to have

Open access

Open access refers to regulatory rules that requir

Option

An option is a contract that provides a right, but

Over-the-counter

Over-the-counter, OTC, refers to the trading of co

Peak demand

Peak demand (also called peak load) refers to the

Power pool

A power pool is an entity that handles scheduling

Price index

A price index is a formula for calculating the mar

Price risk

Price risk is the possibility that a commodity pri

Price swap

Another common over-the-counter (OTC) derivative i

Public power agency

Smaller municipal utilities and/or public utility

Public Utility Regulatory Policies Act

The first move toward restructuring of U.S. electr

Qualifying facility

In 1978, the U.S. Congress passed PURPA, which con

Regional Transmission Operator (RTO)

An RTO is a formal designation by the U.S. Federal

Regulating reserve

Regulating reserve is capacity comprising sources

Regulation: Federal

Federal regulation of the natural gas and electric