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Energy Industry - Basics 101

Energy Industry - Basics 101

In this course you will learn about the basics of the Electric Industry
Responsible Mitchell Admin
Last Update 10/15/2025
Completion Time 15 minutes
Members 1
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Energy Industry - Basics 101

Energy Industry 101

Acronyms

AS: Ancillary Service

CR: Competitive Retailer

DA: Day Ahead

ECAR: East Central Area Reliability Council

EDI: Electronic Data Interchange

EMS: Energy Management System

EP: Energy Provider

ERCOT: Electric Reliability Council of Texas

ESI: Electric Service Identifier

FERC: Federal Energy Regulatory Commission

FTP: File Transfer Protocol

GW: Gigawatt

GWh: Gigawatt hours

IDR: Interval Data Recorder

IOU: Investor Owned Utilities

IPP: Independent Power Producers

kW: Kilowatts

kWh: Kilowatt-hour

LSE: Load Serving Entity

MAAC: Mid-Atlantic Interconnected Network

MAPP: Mid-Continent Area Power Pool

MCP: Market Clearing Price

MCPE: Market Clearing Price for Energy

MOU: Municipally Owned Utility

NERC: North American Electric Reliability Council

NPCC: Northeast Power Coordinating Committee

OASIS: Open Access Same-Time Information System

PGC: Power Generation Company

PM: Power Marketer

QSE: Qualified Scheduling Entity

REC: Renewable Energy Credit

REP: Retail Electric Provider

RT: Real Time

SCADA: Supervisory Control And Data Acquisition

T&D Losses: Transmission Losses & Distribution Losses

TDSP: Transmission and/or Distribution Service Provider

TLF: Transmission Loss Factor

TSP: Transmission Service Provider

UFE: Unaccounted For Energy

Understanding the Energy Industry
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Energy Industry - Basics 101
Energy Industry 101

Acronyms

AS: Ancillary Service

CR: Competitive Retailer

DA: Day Ahead

ECAR: East Central Area Reliability Council

EDI: Electronic Data Interchange

EMS: Energy Management System

EP: Energy Provider

ERCOT: Electric Reliability Council of Texas

ESI: Electric Service Identifier

FERC: Federal Energy Regulatory Commission

FTP: File Transfer Protocol

GW: Gigawatt

GWh: Gigawatt hours

IDR: Interval Data Recorder

IOU: Investor Owned Utilities

IPP: Independent Power Producers

kW: Kilowatts

kWh: Kilowatt-hour

LSE: Load Serving Entity

MAAC: Mid-Atlantic Interconnected Network

MAPP: Mid-Continent Area Power Pool

MCP: Market Clearing Price

MCPE: Market Clearing Price for Energy

MOU: Municipally Owned Utility

NERC: North American Electric Reliability Council

NPCC: Northeast Power Coordinating Committee

OASIS: Open Access Same-Time Information System

PGC: Power Generation Company

PM: Power Marketer

QSE: Qualified Scheduling Entity

REC: Renewable Energy Credit

REP: Retail Electric Provider

RT: Real Time

SCADA: Supervisory Control And Data Acquisition

T&D Losses: Transmission Losses & Distribution Losses

TDSP: Transmission and/or Distribution Service Provider

TLF: Transmission Loss Factor

TSP: Transmission Service Provider

UFE: Unaccounted For Energy