Reference
Electricity Market Glossary
Comprehensive reference for technical, financial, and regulatory terms used in global electricity markets.
Grid Code
Grid codes represent the comprehensive set of technical standards, requirements, and operational procedures that generat...
Remedial Action Scheme (RAS)
A remedial action scheme is a pre programmed control system that automatically takes corrective action, such as tripping...
Value of Lost Load (VOLL)
Value of Lost Load quantifies the economic cost society incurs when electricity demand is curtailed, typically expressed...
Nodal Ancillary Service Market
A nodal ancillary service market procures frequency regulation, spinning reserves, ramping reserves, and voltage support...
Flexible Interconnection Pilot
Flexible interconnection pilots allow DERs to connect more quickly by accepting conditional operating limits such as exp...
Grid Enhancing Technologies (GETs)
Grid enhancing technologies are hardware and software solutions that increase the capacity, flexibility, or visibility o...
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