Acronyms & Glossary of Terms

1. A - C

   Acronyms & Glossary of Terms

   A/C	Air Conditioning
   AAR	Allowed Annual Revenue
   ACCC	Australian Competition and Consumer Commission
   AEMC	Australian Energy Market Commission
   AEMO	Australian Energy Market Operator
   AER	Australian Energy Regulator
   AGO	Australian Greenhouse Office
   AMR	Automatic Meter Reading
   ANTS	A New Tax System
   AS	Ancillary Services
   ASIC	Australian Securities and Investments Commission
   AS/NZS	Australian Standard/New Zealand Standard
   B2B	refers generally to national scheme for Business to Business information exchanges, to be operated by NEMMCO
   Barley Act	Barley Exporting Act 2007
   BFRA	Bush Fire Risk Area
   BCA	Business Council of Australia
   CAC	Consumer Advisory Committee, a body established under s.14A of the Electricity Act and s.7 of the Gas Act.
   CAIDI	Customer Average Interruption Duration Index, means the average duration of each supply interruption per customer who experienced a supply interruption within the distribution network (or defined part of the distribution network)
   CAPEX	Capital Expenditure
   CBD	Central Business District
   CCP	Code Change Panel
   CCSA	Conservation Council of SA
   CFD	Contract for Difference
   CLER	Customer Lighting Equipment Rate
   CLP	Controlled Load Profile
   CO	Call Option
   CoAG	Council of Australian Governments
   Commission	Essential Services Commission of South Australia established under the ESC Act
   COTA	Council of the Ageing (SA) Inc
   CPI	Consumer Price Index as defined by the Australian Bureau of Statistics (using the ‘all groups’ financial year index for Adelaide (ABS catalogue no. 6401.0))
   CRNP	Cost reflective network pricing
   CPRS	Carbon Pollution Reduction Scheme
   CT	Current Transformer

2. D - G

   Acronyms & Glossary of Terms

   Distribution Code	Electricity Distriution Code, made by the Commission under the ESC Act
   DM	Demand Management
   DNSP	Distribution Network Service Provider
   DOP	Dispatch Offer Price
   DORC	Depreciated Optimised Replacement Cost
   DTEI	Department of Transport, Energy and Infrastructure
   Dual Fuel	Refers to the sale of both electricity and gas
   DUOS	Distribution Use of System
   EBIT	Earnings Before Interest and Taxes
   EBITDA	Earnings Before Interest, Taxes, Depreciation and Amortisation
   ECNSW	Electricity Commission of New South Wales
   EDC	Electricity Distribution Code, made by the Commission under the ESC Act
   EDPD	2005-2010 Electricity Distribution Price Determination, released by the Commission in April 2005
   EIC	Energy Information Centre
   EIOSA	Refers to the Energy Industry Ombudsman Scheme. The Scheme is established through the Constitution of the Energy Industry Ombudsman (SA) Ltd, a company limited by guarantee and established on 16 October 1999. All licensed electricity retailers selling to customers with annual electricity consumption of less than 750 MWh, and electricity distribution and transmission entities in SA are required to participate in the Scheme, as are all licensed gas retailers selling to customers with annual gas consumption of less than 10 TJ, and gas distribution entities in SA.
   Electricity Act	Electricity Act 1996
   Electricity Distribution	Refers to the operation of equipment used to convey electricity through a distribution network
   Electricity Transfer Rebate Scheme	Refers to the rebate scheme introduced by the SA Government in December 2003, to stimulate the pick-up rate of market contracts by concession holders
   Energy Retail Code	Energy Retail Code, made by the Commission on 8 March 2004, pursuant to s28 of the ESC Act.
   EPA	Environmental Protection Agency
   EPO	Electricity Pricing Order
   EPV	Elevated Platform Vehicle
   ESAA	Electricity Supply Association of Australia
   ESC Act	Essential Services Commission Act 2002
   ESCV	Essential Services Commission (Victoria)
   ESI Reform Unit	Electricity Supply Industry Reform Unit (Victoria)
   ESIPC	Electricity Supply Industry Planning Council (Now AEMO)
   ETEF	Electricity Tariff Equalisation Fund (NSW)
   EWION	Energy and Water Industry Ombudsman (NSW)
   FCAS	Frequency Control Ancillary Service
   Feeder	Refers to a part of the distribution network through which supply to a defined group of customers is directed.
   FI	Financial Instrument
   FRC	Full Retail Contestability, the situation in which all customers become contestable, i.e. able to choose their retailer. It occurred for electricity on 1 January 2003 and effectively for gas on 28 July 2004.
   Gas Distribution	Refers to the operation of equipment used to convey gas through a distribution network
   GBE	Government Business Enterprise
   GEM	Green Electricity Market
   Generation	Refers to the operation of any kind of electricity generating plant
   GHG	Greenhouse Gas
   GIS	Geographic Information System
   GP	Green Power
   GSL	Guaranteed Service Level
   GST	Goods and Services Tax (A New Tax System (Goods and Services Tax) Act 1999)
   Guideline No 1	Refers to the Commission's Electricity Industry Guideline No 2 - "Electricity Regulatory Information Requirements - Distribution" first issued July 2000
   Guideline No 2	Refers to the Commission's Energy Industry Guideline No 2 - "Energy Regulatory Information Requirements - Energy Retail Code - Retailer" first issued June 2004
   Guideline No 4	Refers to the Commission's "Electricity Industry Guideline No 4 - "Compliance Systems and Reporting" first issued in September 2000 as subsumed by Energy Industry Guideline No 4  - "Compliance Systems and Reporting" first issued in September 2004
   GWh	Giga Watt hour, which is the equivalent of 1,000 MWh

3. H - L

   Acronyms & Glossary of Terms

   HBFRA	High Bush Fire Risk Area
   HV	High Voltage – above 1,000 volts
   I/C	Interconnector
   IBOT	Industry Benefits of Trade
   IOA	Interconnection Operating Agreement
   IPART	Independent Pricing and Regulatory Tribunal (NSW)
   IVR	Integrated Voice Response, an automated system used for answering telephone calls
   JIG	Jurisdictional Implementation Group - FRC
   JP	Jurisdictional Panel - FRC
   Km	Kilometre
   KPI	Key Performance Indicator/s
   kVA	kilo Volt amp
   kWh	kilo Watt hour, which is the equivalent of 1,000 Wh, an amount of energy approximately equivalent to running a single bar radiator for one hour
   Large Customer	All customers with an annual electricity consumption of 160 MWh and above, or annual gas consumption of 1 TJ and above
   LGA	Local Government Association
   LIEC	Low Income Electricity Consumer
   LNSP	Local Network Service Provider
   LPG	Liquefied Petroleum Gas
   LRMC	Long Run Marginal Cost
   LPG	Liquefied Petroleum Gas
   LUC	Land use change
   LV	Low Voltage – below 1,000 volts

4. M - O

   Acronyms & Glossary of Terms

   MAIFI	Momentary Average Interruption Frequency Index
   Maritime Services Act	Maritime Services (Access) Act 2000
   Market Contract	Refers to a contract other than a standing contract
   Marketing Code	Energy Marketing Code, made by the Commission under the ESC Act
   MAS	Metering Administration System
   MCE	Ministerial Council on Energy
   MCESCO	Ministerial Council on Energy’s Standing Committee of Officials
   MDA	Metering Data Agent
   MERI	Micro Economic Reform and Infrastructure Branch
   Metering Code	Electricity Metering Code or the Gas Metering Code, made by the Commission under the ESC Act
   MEU	Ministry of Energy & Utilities (NSW)
   MJ	Megajoule, which is the equivalent of 1,000,000 joules, a unit of energy
   MLF	Marginal Loss Factor
   MNSP	Market Network Service Provider
   MOU	Memorandum of Understanding
   MRET	Mandatory Renewable Energy Target
   MSATS	Market Settlement and Transfer Solution
   MSP	Metering Service Provider
   MW	Mega Watt, which is the equivalent of one million Watts
   MWh	Mega Watt hour, which is the equivalent of 1,000 kWh
   NAM	Nodal Auction Model
   NARUC	National Association of Regulatory Utility Commissioners
   NCAS	Network Control Ancillary Service
   NEC	National Electricity Code
   NECA	National Electricity Code Administrator
   NEET	NSW Energy Efficiency Trading Scheme
   NEL	National Electricity Law
   NEM	National Electricity Market, arrangements for which are set out in the National Electricity Law, which is a Schedule to the National Electricity (SA) Act 1996
   NEMMCO	National Electricity Market Management Company Ltd
   NEMSATS	National Electricity Market Settlement, Administration and Transfer System
   NER	National Electricity Rules
   NET	National Electricity Tribunal
   NGL	National Gas Law
   NGMC	National Grid Management Council
   NGP	National Grid Protocol
   NIALM	Non Intrusive Appliance Load Monitoring
   NMI	National Metering Identifier
   NSLP	Net System Load Profile
   NSP	Network Service Provider
   Nominal	Refers to relevant revenue or price information presented in terms of ‘dollars of the day’, i.e. incorporating the impact of inflation
   NPV	Net Present Value
   NTUC	Northern Territory Utilities Commission
   O&M	Operating and Maintenance
   OEP	Office of Energy Policy
   OMS	Outage Management System
   OPEX	Operating Expenditure
   ORC	Optimised Replacement Cost
   ORG	Office of the Regulator General (Vic)
   OTR	Office of the Technical Regulator
   OTTER	Office of the Tasmanian Economic Regulator

5. P - R

   Acronyms & Glossary of Terms

   P.A.	per annum
   PASA	Projected Assessment of System Adequacy
   PAYG	Pay as you go
   PIRSA	Primary Industries and Resources SA
   PI Scheme	Performance Incentive Scheme
   PLEC	Power Line Environment Committee
   POE	Probability of Exceedence
   PV	Photovoltaic, Present Value
   PVRP	Photovoltaic Rebate Program
   QCA	Queensland Competition Authority
   QOS	Quality of Supply
   Qtr	Quarter
   RE	Regulated Entity
   Real	refers to relevant revenue or price information that has been converted to constant dollar terms (ie. excluding the impact of inflation)
   REC's	Renewable Energy Certificates
   REES	Residential Energy Efficiency Scheme
   Residential Customer	Refers to a small customer who acquires energy for domestic use
   RET	Renewable Energy Target
   Retail Code	Energy Retail Code, made by the Commission under the ESC Act
   ROA	Return on Assets, Railway (Operations and Access) Act 1997
   ROC	Retail Operating Costs
   RTWG	Renewables Target Working Group

6. S - Z

   Acronyms & Glossary of Terms

   SA	South Australia
   SACOSS	SA Council of Social Service
   SAFF	SA Farmers Federation
   SAGC	SA Generation Corporation
   SAIDI	System Average Interruption Duration Index, means the length of time each customer is without supply when averaged over all customers in the distribution network (or defined part of the distribution network)
   SAIFI	System Average Interruption Frequency Index, means the number of supply interruptions each customer experiences for the year when averaged over all customers on the distribution network (or defined part of the distribution network)
   SAIIR	SA Independent Industry Regulator, established by S.4 of the Independent Industry Regulator Act 1999. The SAIIR was replaced by the Commission in September 2002
   SCADA	Supervisory Control and Data Acquisition
   SCONRRR	Steering Committee on National Regulatory Reporting Requirements
   SDS	Settlement Data Scheme
   SECV	State Electricity Commission of Victoria
   SEDA	Sustainable Energy Development Authority (NSW)
   SEIA	Sustainable Energy Industries of Australia
   SIS	Service Incentive Scheme
   SLUOS	Street Light Use of System
   Small Customer	Refers to a customer with an annual electricity consumption of less than 160 MWh, or annual gas consumption of less than 1 TJ
   SMHEA	Snowy Mountains Hydro Electric Authority
   SOO	Statement of Opportunity
   SPD	Market dispatch software/market operating software
   SR	Settlement Residue
   SRA	Settlement Residue Auction
   SRAS	System Restart Ancillary Service
   SRMTMP	Safety, Reliability, Maintenance and Technical Management Plan
   SRMC	Short Run Marginal Costs
   SSF	Service Standards Framework
   STPIS	Service Target Performance Incentive Scheme
   SWD	Sequential Waveform Distortion
   SWER	Single Wire Earth Return
   Tarcoola-Darwin railway	AustralAsia Railway (Third Party Access) Act 1999 (SA & NT)
   Technical Regulator	Refers to the person holding the office of Technical Regulator under Part 2 of the Electricity Act
   TJ	One terajoule (one million MJ), a unit of energy
   TNSP	Transmission Network Service Provider
   TPA	Trade Practices Act
   Transmission	Refers to the operation of equipment used to convey electricity through a transmission network. The ElectraNet SA network consists of about 5,600 km of mostly 132 kV and 275 kV lines
   Transmission Code	Electricity Transmission Code, made by the Commission under the ESC Act
   TUOS	Transmission Use of System
   UAFG	Unaccounted for Gas
   URF	Utility Regulators Forum
   VEETS	Victorian Energy Efficiency Target Scheme
   VoEG	Value of Excess Generation
   VoLL	Value of Lost Load
   VT	Voltage Transformer
   WACC	Weighted Average Cost of Capital
   Watt	A derived SI (International System of units) unit of power, defined as one joule per second
   WACC	Weighted Average Cost of Capital
   Wh	One watt hour, a unit of energy