| AEMO | Australian Energy Market Operator |
| AEST | Australian Eastern Standard Time |
| Approved Energy Loss Factor | The aggregate of any applicable loss factors (including both the intra-regional loss factors and the distribution loss factors) |
| ASX | Australian Securities Exchange (or any successor entity). |
| Billing Period | means a period which will be as close as possible to a Contract Month. |
| BOD | Beginning of Gas Day |
| Business Day | A day other than a Saturday or Sunday or a public holiday in the State or Territory in which the relevant Premises are located. |
| Carbon Neutral | Companies, processes and products become carbon neutral when they calculate their carbon emissions and compensate for what they have produced via carbon offsetting projects/certificates. |
| Carbon Footprint | The total amount of greenhouse gases (including carbon dioxide and methane) that are generated by a company or organisation. |
| Carbon offsets | Broadly refers to a reduction in GHG emissions – or an increase in carbon storage (e.g., through land restoration or the planting of trees) – that is used to compensate for emissions that occur elsewhere. |
| Co2 | Carbon Dioxide |
| Co2-e | Carbon Dioxide equivalent |
| Carbon Intensity | The average carbon dioxide equivalent intensity of generators registered under the National Electricity Rules a (in tonnes of CO2-e/MWh) |
| Carbon Permit | means a unit, permit, credit, offset, permission, allowance or other proprietary right capable of being used by its holder to satisfy a liability for the emission of one tonne of carbon dioxide equivalent under the Carbon Scheme |
| Carbon Scheme | Mandatory Commonwealth scheme for the management of greenhouse gas emissions or concentrations which applies to emissions relating to the generation or transmission of electric power in the National Market, or emissions from fuel sources used for the generation of electric power in the National Marke |
| Certificate Period | means each period where the first Certificate Period starts on and the last Certificate Period ends on the Expiry Date |
| Child Connection Point | A metered point within an embedded network |
| Cogen | Cogeneration |
| Commission | Any amount that is incorporated into the charges payable by the Customer which is remitted by a retailer to the Intermediary as a commission for the services the Intermediary provided or provides to the Customer. |
| Contracted Gas Quantities | ACQ - Annual contract quantity |
| MDQ - Maximum daily quantity |
| MHQ - Maximum hourly quantity |
| DSM | Demand Side management |
| DWGM | Declared Wholesale Gas Market (Vic) |
| EEIS (AEEC) | Energy Efficiency Improvement Scheme (ACT) |
| Embedded Network | Private electricity networks that serve multiple premises, such as in apartment blocks, caravan parks and shopping centres |
| ENO | Embedded Network Operator (ENO) takes care of procurement, billing, collection and customer service |
| ENM | The Embedded Network Manager (ENM) is a service provider accredited by the Australian Energy Market Operator (AEMO). |
| Emissions | Scope 1 |
| Scope 2 |
| Scope 3 |
| Feed In Tariff | The energy rate paid by retailer for the export of electricity |
| Green Power | Carbon offset |
| Large-scale Renewable Energy Target | Large-scale generation certificate-based scheme established under the Renewable Energy Act and the Renewable Energy (Electricity) (Large-scale Generation Shortfall Charge) Act 2000 (Cth), to encourage additional electricity generation from renewable energy sources. |
| Small-scale Renewable Energy Scheme | Small-scale technology certificate-based scheme established under the Renewable Energy Act and the Renewable Energy (Electricity) (Small-scale Technology Shortfall Charge) Act 2010 (Cth), to encourage additional electricity generation from renewable energy sources. |
| Default Rates | means the unit rates and any other relevant additional charges for the supply of electricity without a contract |
| Distribution System | entity responsible for the connection, transportation, delivery or physical supply of electricity to the Site |
| Emissions and Renewable Energy Legislation | Renewable Energy (Electricity) Act 2000 and any other Energy Law which has as one of its purposes the reduction or limitation of greenhouse gases or the minimisation of the impact on the environment of the electricity industry generally. |
| Emissions and Renewable Energy Scheme | A scheme, program or requirement established under Emissions and Renewable Energy Legislation. Schemes which may include the Commonwealth Large-scale Renewable Energy Target, the Commonwealth Small-scale Renewable Energy Scheme, the NSW Energy Savings Scheme, the Retailer Energy Productivity Scheme, and the Victorian Energy Efficiency Target Scheme. |
| Energy Law | Means any statute, regulation, code, rules, direction, mandatory guideline, licence condition or other regulatory instrument which governs or affects any one or more of the price of electricity, the cost to AGL of purchasing or selling electricity, the Delivery of Electricity, the sale of electricity to the Customer or the electricity industry generally. |
| ESC | Energy savings certificate created under the NSW Energy Savings Scheme. |
| EST | Eastern Standard Time |
| Final Scheme Percentage | (a) in relation to ESCs, the value calculated as the product of the energy savings scheme target multiplied by the energy conversion factor for that year, each as set out in Schedule 5 of the NSW Act; |
| (b) in relation to LGCs, the renewable power percentage for that year determined in accordance with Part 4, Division 2 of the Renewable Energy Act (expressed in decimals); |
| (c) in relation to STCs, the small-scale technology percentage for that year determined in accordance with Part 4, Division 2A of the Renewable Energy Act (expressed in decimals); and |
| (d) in relation to VEECs, the greenhouse gas reduction rate for electricity for that year determined in accordance with Part 4 of the VIC Act. |
| FRMP | Financially Responsible Market Participant |
| FCAS | Frequency Control Ancillary Services |
| FRC | Full Retail Competition |
| GJ | Gigajoule - measurement of gas |
| Intermediary | Broker, buying group or other third party involved in providing energy brokering, procurement or contracting advice to the Customer. |
| KVA | Kilovolt ampere - kVA is a measure of apparent power |
| KWh | Kilo Watt Hour - measurement of electricity |
| LGC | Large-scale generation certificate created under the Commonwealth Large-scale Renewable Energy Target. |
| LNSP | Local Network Service Provider |
| LOR | Lack of reserve - This condition exists when reserve levels are lower than the two largest supply resources in a state. Also LOR2 and LOR3 increasing in severity in lack of demand |
| Loss factors | means the transmission or distribution loss factors (as applicable) for a Site published or determined by AEMO |
| Market Charges | Charges associated with the operation of the National Market imposed by Energy Law, the System Operator, any other regulatory authority or with the Customer’s agreement, and includes any ancillary services, charges, or costs, and includes charges associated with AEMO’s Reliability and Emergency Reserve Trader function. |
| Metering Charges | Metering costs in relation to the Premises, or charges in relation to the provision of Metering Equipment and any Metering Installation and the collection and distribution of metering data |
| Metering Coordinator | Customer Appointed MC or an Retailer MC appointed to provide metering services in accordance with the National Electricity Rules and Energy Laws including: |
| Metering Data Provider | Provision of interval data |
| Metering Equipment | Equipment installed (or to be installed) to measure, record and in certain cases forward the data relating to the amount of electricity delivered to a Premises from the Distribution System |
| Metering Provider | The owner, installer of metering equipment |
| MSATS | Market Settlement and Transfer Solution Procedures |
| MWh | Megawatt hours - 1000 KWhs |
| NEM | National Electricity Market |
| National Energy Retail Rules | Rules made pursuant to the National Energy Retail Law. |
| National Market | Australian wholesale electricity market operated under the National Electricity Rules. |
| Network Charges | Costs charged by the Distributor in relation to the Premises including the cost of Delivery of Electricity and connection to the Distribution System and any excluded services. |
| NMI | National Meter Identifier |
| Off Peak | All other times not defined under Peak or Shoulder. |
| Peak means: | (a) for New South Wales and the Australian Capital Territory, 7.00 am – 9.00 am and 5.00 pm – 8.00 pm local time on Business Days (example only refer to your retailer for exact times, dates) |
| (b) for South Australia, 7.00 am – 9.00 pm local time on Monday to Friday (example only refer to your retailer for exact times, dates) |
| (c) for Victoria, 7.00 am – 11.00 pm local time on Monday to Friday (example only refer to your retailer for exact times, dates) |
| (d) for Queensland, 7.00 am – 11.00 pm local time on Business Days and Gazetted Show holidays throughout Queensland (example only refer to your retailer for exact times, dates) |
| PDRS | Peak Demand Reduction Scheme |
| PP | Progressive Purchasing |
| Pricing Term | Period from the Commencement Date to the Pricing Termination Date. |
| REPS | Retailer Energy Productivity Scheme |
| RERT | Reliability and Emergency Reserve Trader - is a function conferred on AEMO to maintain power system reliability and system security using reserve contracts |
| Roll In/Roll Out | For each contract Period for each State, the number of contracted sites that can be rolled into a contract or rolled out of a contract without penalty |
| RRP | Regional Reference Price - applicable each Trading Interval |
| Security | A refundable deposit or pre-payment, guarantee from a third party or other security |
| Shoulder | New South Wales and the Australian Capital Territory, 9.00 am – 5.00 pm and 8.00 pm – 10.00 pm local time on Business Days (example only refer to your retailer for exact times, dates) |
| STC | Small-scale technology certificate created under the Commonwealth Small-scale Renewable Energy Scheme. |
| STTM | Short Term Trading Mechanism (NSW, QLD, SA and ACT) |
| System Operator | Any person or body appointed under Energy Law whose functions are, amongst other things, to operate and administer the National Market, control the security of the electricity supply system, or regulate and monitor the electricity transmission system. |
| Take or Pay Percentage | The minimum amount of gas that must be consumed without penalty - Typically 80% |
| Trading Day | Day on which the ASX is due to be open for trading during its regular trading session. |
| TNSP | Transmission Network Service Provider |
| UAFG | Unaccounted for Gas |
| UFE | Unaccounted for Energy |
| VEEC | Victorian energy efficiency certificate created under the Victorian Energy Efficiency Target Scheme. |
| Victorian Energy Efficiency Target Scheme | Scheme established under the VIC Act to reduce greenhouse gas emissions and encourage investment, employment and technology development in industries that supply goods and services which reduce the use of electricity and gas of consumers. |
| Wholesale Energy Contract | Means a wholesale, power purchase, hedge or other similar contract that has the purpose or effect of reducing exposure to the volatility of the wholesale cost of acquiring electricity in the National Market. |
| Zero Emissions | Zero emissions, or ‘absolute’ or ‘true’ zero, refers to zero greenhouse gas emissions. Achieved without the use of offsetting to balance emissions. |
| 100% Renewable Energy | 100% renewable is when the amount of renewable energy produced is equal to or more than what is consumed. |
