WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 318
ACORE
Stands for American Council on Renewable Energy, is a
national non-profit organization that unites finance, policy
and technology to accelerate the transition to a renewable
energy economy.
AEMC
Set up by the Council of Australian Governments through the
Ministerial Council on Energy in 2005, the Australian Energy
Market Commission makes and amends the National Electricity
Rules, National Gas Rules and National Energy Retail Rules, and
also provides market development advice to governments.
AEMO
The Australian Energy Market Operator is responsible for
operating Australia’s largest gas and electricity markets and
power systems, including the NEM and Wholesale Electricity
Market (WEM) and power system in Western Australia.
AGA
American Gas Association Representing more than 200 local
energy companies that deliver clean natural gas throughout
the United States.
Asian Renewable Energy Hub
The Asian Renewable Energy Hub (AREH) is a proposal to create
one of the world's largest renewable energy plant in the Pilbara
region of Western Australia. It was first proposed in 2014, with
plans for the project concept changing several times since then.
As of June 2022, the project developers BP, Intercontinental
Energy, CWP Global, Vestas and Pathway Investments were
planning to build a mixture of wind power and solar energy
power generators which would generate up to 26 gigawatts
of power.
Backwardation/Contango
“Contango” means that long-term prices are more expensive
than short-term prices, depicting a relaxed short-term market,
whereas “backwardation” reveals more tension in the shortterm reflected in higher short-term prices than in the long-term
Base load
The minimum amount of electricity delivered or required over
a given period, at a constant rate
HOME
Battery of the Nation
The Battery of the Nation initiative is investigating and
developing a pathway of future development opportunities
for Tasmania to make a greater contribution to the NEM.
Bilateral contracts/OTC
A contractual system between a buyer and a seller agreed
directly without using a third party (exchanges, etc.). Also named
as OTC for Over The Counter
Black Certificates
Exchangeable or tradable CO₂ allowances or quotas within the
European Trading Scheme and Kyoto protocol (see EUA)
CAISO
Stands for California Independent System Operator is the
non-profit Independent System Operator serving California
that oversees the operation of California’s bulk electric power
system, transmission lines, and electricity market generated
and transmitted by its member utilities.
CAPEX
Capital Expenditure, funds used by a company to acquire or
upgrade physical assets
Carbon Budget
Carbon budget’ is the cumulative quantity of CO₂ emissions that
are allowed in order to keep global warming below a certain
warming threshold
WEMO 2024
ACER
Agency for the Cooperation of Energy Regulators, created under
the EU Third Legislative Package, adopted in April 2009
AMI
Stands for Advanced Metering Infrastructure, it is the collective
term to describe the whole infrastructure from Smart Meter to
two way-communication network to control center equipment
and all the applications that enable the gathering and transfer
of energy usage information in near real-time.
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Glossary
