- Industry: Energy
- Number of terms: 2953
- Number of blossaries: 0
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Platts is a global provider of news, research, commentary, market data and analysis, and daily price assessments on the oil, natural gas, electricity, nuclear power, coal, petrochemical, and metals markets. The company sells subscriptions to its content, which is offered through websites, ...
A device in which a fission chain reaction can be initiated, maintained and controlled. Nuclear reactors are used in the power industry to produce steam for electricity.
Industry:Energy
An imaginary point on the UK Transco pipeline through which all gas is deemed to flow, and about which all gas is balanced. NBP is the delivery point for the IPE’s natural gas futures contract.
Industry:Energy
A fee that is paid by a customer leaving a utility network intended to compensate the utility in whole or part for the loss of fixed cost contribution from the exiting customer.
Industry:Energy
A fee paid for use of electric generation assets used to convert fuel to power.
Industry:Energy
A clause in a gas supply contract which provides that a minimum quantity of gas be paid for, whether or not delivery is accepted by the purchaser. Most contracts contain a time period in which the buyer may take later delivery of gas without penalty. Not generally included in contracts written today. Some buyers will pay the seller a fee (often large) to buy out the contract (usually an old contract), so they are not required to take the gas. Often abbreviated to TOP by companies, but should be written in full.
Industry:Energy
Cycle theory is based on the premise that prices are affected by an underlying cycle. Some of these are well known: the 54-year Kondratieff Wave economic cycle. Others are less obvious. Commodity indexes are affected by a 10 1/2 month futures cycle (individual commodities do not necessarily follow this).
Industry:Energy
Reserves that have been sampled extensively, for example--in mining--by closely spaced diamond drill holes or by underground working giving an accurate picture of size and quality of reserves. Also called measured reserves. In oil, proven reserves are an estimate based on seismic and other exploratory data, linked to an assessment of economic and operating viability.
Industry:Energy
Allowing a customer to take gas and return it at a future state. Usually a service provided at a market hub.
Industry:Energy
