Energy transition explained

A market participant providing balancing services to its Connecting TSO

Devices that enable electrical energy from renewables like solar and wind to be stored and then released when customers need power most.

Meters installed at customer locations that meter electric usage and possibly other parameters associated with a customer account and provide information necessary for generating a bill to the customer for the customer account.

Energy source stemming from organic materials including wood, crops, animal waste, food waste and landfill waste. Can be used in Anaerobic Digestion (AD) for production of biomethane or can be burnt for electricity generation.

The disconnection of the source of electricity from all electrical loads in a certain geographical area brought on by insufficient generation, an emergency-forced outage, or other fault in the generation / transmission, distribution system serving the area.

The process of restoring an electric power station or a part of an electric grid to operation without relying on the external electricity network to recover from a total or partial shutdown.

A decentralised, distributed, digital ledger consisting of records called blocks in a long sequence, used to record transactions across many computers so that any involved block cannot be altered retroactively, without changing all subsequent blocks. Blockchain technology underpins the rise of cryptocurrencies such as bitcoin.

Hydrogen produced using fossil fuels with Carbon Capture & Storage (CCS).

Ratio of the energy that a generator has produced during a certain period of time divided by the generator's nominal power output during that period. The capacity factor can be equal to the availability factor or less when a generator is run at less than its full capacity due to low demand, transmission line capacity, regulatory constraints, etc.

A mechanism introduced by the Government to ensure that electricity supply continues to meet demand as more volatile and unpredictable renewable generation plants come on stream.

The funds required to purchase physical goods or assets such as equipment.

An electrode from which a conventional current leaves a polarised electrical device.