Energy Market terms starting with P

11 terms

  1. Peak load, peak demand These two terms are used interchangeably to denote the maximum power requirement of a system at a given time, or the amount of power required to supply…
  2. Peaking capacity Power generation equipment or system capacity to meet peak power demands.
  3. Peakshaving LNG facility A liquefied natural gas plant that supplies a gas pipeline system during peak-use periods. During slack periods the liquefied gas is stored.
  4. Physical basis Describes a physical natural gas purchase for the following month where the price is tied to the closing price of the expiring Nymex futures contract.
  5. Pivotal supplier A power supplier whose capacity must be used to meet peak demand and whose capacity exceeds the market’s supply margin.
  6. Plant factor The capacity factor of an entire generating facility including all available generating units. (See also capacity factor)
  7. Power marketer A business entity engaged in buying and selling electricity. Power marketers do not usually own generating or transmission facilities.
  8. Power purchase agreement Guarantees a market for power produced by an independent power producer and the price at which it is sold to a purchaser.
  9. Price discovery The process of making prices visible and readily available to interested parties and, in some cases, the public.
  10. Price/Earnings Ratio (P/E Ratio) A company’s stock price divided by its annual earnings, a widely used equity valuation measure.
  11. Project financing A form of asset-based financing in which a firm finances a discrete set of assets (the project) on a stand-alone basis.