Browse terms related to these fuel groups:alternative fuels|coal|electricity|natural gas|nuclear|petroleum|renewable
Net actual interchange (electric): The algebraic sum of all metered interchange over all interconnections between two physically Adjacent Balancing Authority Areas. NERC definition
Net cell shipments: Represents the difference between cell shipments and cell purchases.
Net electricity consumption: Consumption of electricity computed as generation, plus imports, minus exports, minus transmission and distribution losses.
Net energy for load (electric): Net Balancing Authority Area generation, plus energy received from other Balancing Authority Areas, less energy delivered to Balancing Authority Areas through interchange. It includes Balancing Authority Area losses but excludes energy required for storage at energy storage facilities. NERC definition
Net energy for system: The sum of energy an electric utility needs to satisfy their service areas, including full and partial requirements consumers.
Net generation: The amount of gross generation less the electrical energy consumed at the generating station(s) for station service or auxiliaries. Note: Electricity required for pumping at pumped-storage plants is regarded as electricity for station service and is deducted from gross generation.
Net head: The gross head minus all hydraulic losses except those chargeable to the turbine.
Net income: Operating income plus other income and extraordinary income less operating expenses, taxes, interest charges, other deductions, and extraordinary deductions.
Net interstate flow of electricity: The difference between the sum of electricity sales and losses within a state and the total amount of electricity generated within that state. A positive number indicates that more electricity (including associated losses) came into the state than went out of the state during the year; conversely, a negative number indicates that more electricity (including associated losses) went out of the state than came into the state.
Net metering: Utility tariffs or billing programs that allow certain types of customers to reduce the volume of billed electricity supplied by the grid within a defined billing period. The reduced volume of billed electricity takes into account the amount of electricity that the customer sold back to the grid during times when self-generation (typically powered by a renewable energy source) exceeded consumption.
Net module shipments: Represents the difference between module shipments and module purchases. When exported, incomplete modules and unencapsulated cells are also included.
Net operable capacity: Total owned capacity less in operable capacity.
Net photovoltaic module shipment: The difference between photovoltaic module shipments and photovoltaic module purchases.
Net profits interest: A contractual arrangement under which the beneficiary, in exchange for consideration paid, receives a stated percentage of the net profits. That type of arrangement is considered a nonoperating interest, as distinguished from a working interest, because it does not involve the rights and obligations of operating a mineral property (costs of exploration, development, and operation). The net profits interest does not bear any part of net losses.
Net Receipts: The difference between total movements into and total movements out of each PAD District by pipeline, tanker, and barge.
Net summer capacity: The maximum output, commonly expressed in megawatts (MW), that generating equipment can supply to system load, as demonstrated by a multi-hour test, at the time of summer peak demand (period of June 1 through September 30.) This output reflects a reduction in capacity due to electricity use for station service or auxiliaries.
Net winter capacity: The maximum output, commonly expressed in megawatts (MW), that generating equipment can supply to system load, as demonstrated by a multi-hour test, at the time of peak winter demand (period of December 1 through February 28). This output reflects a reduction in capacity due to electricity use for station service or auxiliaries.
Netback purchase: Refers to a crude oil purchase agreement wherein the price paid for the crude is determined by sales prices of the types of products that are derivable from that crude as well as other considerations (e.g., transportation and processing costs). Typically, the price is calculated based on product prices extant on or near the cargo's date of importation.