WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 326
P/E
Price / Earning ratio. The ratio of the share price to the Earning
per share (EPS). P/E ratio is one of the tools most commonly
used for valuing a company share
Optimal development path
The ODP comprises a range of projects classified as either
actionable, committed and anticipated, or future. Together,
these projects entail the development of 10,000 km of new
transmission lines by 2050 under the Step Ch¬an¬ge and
Progressive scenarios.
OPEC
Organization of the Petroleum Exporting Countries
Open season
A period (often 1 month) when a pipeline operator accepts
offering bids from shippers and others for potential new
transportation capacity. Bidders may or may not have to provide
“earnest” money, depending upon the type of open season.
If enough interest is shown in the announced new capacity,
the pipeline operator will refine the proposal and prepare an
application for construction before the appropriate regulatory
body for approval
Paris Agreement
The Paris Agreement is an agreement within the United
Nations Framework Convention on Climate Change, dealing
with greenhouse-gas-emissions mitigation, adaptation, and
finance, signed in 2016.
Peak load
The highest electrical level of demand within a particular period
of time
Peak shaving
Reduction of peak demand for natural gas or electricity
PPA
Stands for Power Purchase Agreements that freezes a price
and a notional energy volume for both the buyer and seller of
electricity for a specific period of time. This price agreement
acts as the final agreed price for a development project that is
either achieving financial close or remaining on the shelf. The
agreement also includes reference to cases of failure to meet
the contract terms and conditions including, the payment of
liquidated damages.
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On-peak
On-peak energy is electric energy supplied during periods of
relatively high system demand as specified by the supplier
PPU
(Programmations pluriannuelles de l’énergie) Multi-year Energy
Programming, a tool for planning and steering national energy
policy, which defines the priorities for actions and the specific
objectives to be achieved over the period 2016-2023, targeting
all energy sources, in order to achieve the national objectives
set by the LTE
REBA
Stands for Renewable Energy Buyers Alliance, is a membership
association of large clean energy buyers, energy providers,
and service providers that, together with NGO partners, are
committed to unlocking the marketplace for all nonresidential
energy buyers to lead a rapid transition to a cleaner, prosperous,
zero-carbon energy future.
Regulated Market
A regulated electricity market contains utilities that own and
operate all electricity
Retailer of Last Resort
The Retailer of Last Resort (RoLR) scheme was created under
the energy laws to protect electricity and gas supply consumers
if a retailer is no longer able to operate, ensuring your energy
supply is not disrupted.
RES
Renewable Energy Sources. Energy (electricity or heat) produced
using wind, sun, wood, biomass, hydro and geothermal. Their
exploitation generates little or no waste or pollutant emissions
WEMO 2024
OPEX
Operational Expenditure, expenditures that a business incurs
as a result of performing its normal business operations
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Off-peak
Off-peak energy is the electric energy supplied during periods
of relatively low system demand as specified by the supplier
