Energy Market terms starting with B

11 terms

  1. Balancing The requirement imposed by electricity grids or natural gas pipelines that supply and demand be equal over a certain time period.
  2. baseline An initial measurement that is taken at an early time point to represent a beginning condition, and is used for comparison over time to look for changes.
  3. Baseload The minimum level of electric power demand of a utility, region, or utility customer delivered or required over a given period of time at a steady rate…
  4. Baseload Unit An electric power plant, or generating unit within a power plant, that is normally operated continuously to meet the base load of a utility.
  5. Basis Basis is the total cost of buying an investment or other asset, including the price, commissions, and other charges.
  6. Basis Swaps Exchange of fixed price for a floating for a defined basis product (e.g. a Houston Ship Channel – HSC Swap at $1.
  7. Bid-ask differential, or spread The difference in price between what a buyer offers to pay for a commodity and what a seller offers to accept for a commodity, sometimes referred to as…
  8. Bilateral transaction A direct contract between a seller and buyer outside of a centralized market or exchange (e.g. Nymex or an RTO/ISO).
  9. British thermal unit (Btu) The amount of heat required to raise the temperature of one pound of water one degree Fahrenheit; equal to 252 calories.
  10. Broker An agent who handles the public's orders to buy and sell securities, commodities or other property. A commission is generally charged for this service.
  11. Bus A parallel circuit that connects the major components of a computer, allowing the transfer of electric impulses from one connected component to any other.