Business and Regulation

Renewable energy credit (REC)

A renewable energy credit, commonly called a REC,

Renewable portfolio standard (RPS)

A renewable portfolio standard, often called an RP

Renewable portfolio standards

Retail marketer

A retail marketer is a non-utility entity that sel

Revenue allocation

Revenue allocation, also called cost allocation, i

Revenue requirement

A revenue requirement is the total amount of money

RIIO performance-based ratemaking

RIIO (the name is from the equation Revenues

Risk management

Risk management refers to techniques used to contr

Service territory

A service territory defines the geographic area wh

Service voltage

The voltage configuration that is provided by the

Setting the return on equity (ROE)

Return on equity, also known as ROE or the cost of

Settlement (billing)

Settlement refers to the calculation, billing, and

Settlement (regulatory)

An alternative to a full-blown regulatory proceedi

Single buyer with competitive generation electric market model

Under the single-buyer electric market model, the

Stranded costs

A stranded cost refers to the amount invested in a

Supply-side competition

Supply-side competition refers to competition betw

Tariff

Tariffs are public documents, written by regulated

Test year

A test year is the 12-month period used in a rate

Therm

A therm is a natural gas unit equal to 100,000 Btu

Time-of-use rate

Time-of-use rates change the price of electricity