nordicenergy-us.com

Website:http://www.nordicenergy-us.com
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Definitions (55)

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Ares


Stands for Alternative Retail Electric Supplier. A non-utility who is approved by the Illinois Commerce Commission to sell electricity.
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Ags


Stands for Alternative Gas Supplier. A non-utility who is approved by the Illinois Commerce Commission to sell natural gas.
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ampere


The standard unit of electrical current. Often referred to as an amp.
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baseload


The minimum amount of power that a buyer needs to meet their demands.
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Broker


An independent marketer who sells energy to commercial and/or residential customers. Brokers are not part of a utility and often work with ARES and AGS suppliers.
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BTU


Standard unit of measurement often seen on appliances that measures the heat of a fuel source.
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capacity


The maximum amount of power that a system or subsystem can carry or produce at a specific moment. Capacity is typically measured in megawatts.
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Capacity charge


An additional charge that covers the difference between a customer's peak energy use and their normal use during the same billing cycle.
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Circuit


A conductor or a system of conductors through which electric current flows.
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Contract price


An agreed upon price between the seller and the buyer. The terms can be monthly, quarterly, yearly.
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