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Million standard cubic feet per day is a unit of measurement for gases that is predominantly used in the United States.It is frequently abbreviated MMSCFD. MMSCFD is commonly used as a measure of natural gas, liquefied petroleum gas, compressed natural gas and other gases that are extracted, processed or transported in large quantities.
TO—Transmission owner (electricity) toe—Ton of oil equivalent (EU) TOP—transmission operator (electricity) TOU—time of use (rate) (electricity) Transco—transmission company (US) (electricity) —Transcontinental Pipeline (US) (natural gas) —National Transmission Corporation (Philippines) TRM—Transmission reliability margin ...
The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...
Vehicle-to-grid is a system under development allowing electric cars to provide power to the grid at times of high demand, low supply from e.g. wind and solar power and therefore high prices, and charge the car again when the price is lower, based on the energy need the car owner has defined in the car settings (such as need for long distance ...
Since electrical energy is a form of energy that cannot be effectively stored in bulk, it must be generated, distributed, and consumed immediately. When the load on a system approaches the maximum generating capacity, network operators must either find additional supplies of energy or find ways to curtail the load, hence load management.
A precise definition of a spark spread has to be given by the source publishing such indicators. Definitions should specify energy (electricity and fuel) prices considered (delivery point & conditions) and the plant efficiency used for the calculation. Also, any plant operating costs that may be included should be stated.
Load forecasting (electric load forecasting, electric demand forecasting). Although "load" is an ambiguous term, in load forecasting the "load" usually means demand (in kW) or energy (in kWh) and since the magnitude of power and energy is the same for hourly data, usually no distinction is made between demand and energy. [16]
Electricity price forecasting (EPF) is a branch of energy forecasting which focuses on using mathematical, statistical and machine learning models to predict electricity prices in the future. Over the last 30 years electricity price forecasts have become a fundamental input to energy companies’ decision-making mechanisms at the corporate level.
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