 |
| A |
|
|
|
| AAI |
|
Access Arrangement Information |
|
| AARR |
|
Aggregated Annual Revenue Requirement
of electricity DNSP determined under the National Electricity
Code |
|
| AAV |
|
Assessed annual value |
|
| ACCC |
|
Australian Competition and Consumer
Commission |
|
| Access Arrangement |
|
An arrangement for access to a Covered
Pipeline that has been approved by the Relevant Regulation in
accordance with the Gas Pipelines Access (New South Wales)
Act 1998 and the Gas Pipelines Access Law |
|
| Access Undertaking |
|
This term was used in the 1997 Access
Determination made under the NSW Gas Code. It has the same meaning
as Access Arrangement under the National Gas Code |
|
| Access Undertaking Information |
|
This term was used in the 1997 Access
Determination made under the NSW Gas Code. It has the same meaning
as Access Arrangement Information under the National Gas Code |
|
| ACQ |
|
Average contract quantity |
|
| AGC |
|
Albury Gas Company |
|
| AGLGN |
|
AGL Gas Networks Limited |
|
| ARMCANZ |
|
Agriculture and resource management
council of Australia and New Zealand |
|
| Auditor |
|
A Person registered as an auditor,
or taken to be registered as an auditor, under Part 9.2 of the
Corporations Law |
|
| Australian Accounting Standards |
|
Australian Accounting Standards issued
jointly by the Institute of Chartered Accountants in Australia
and CPA Australia |
|
| Australian Auditing Standards |
|
Australian Auditing Standards issued
jointly by the Institute of Chartered Accountants in Australia
and CPA Australia |
|
 |
|
|
| B |
|
|
|
| Bare transfer |
|
A transfer or assignment of any interest
in any person's right to obtain a service in which the contract
between the service provider and the transferor or assignor remains
in effect |
|
| BCA |
|
Building Code of Australia |
|
| BCA (NSW) |
|
The Bus and Coach Industrial Association
is the peak industry organisation for the NSW private bus and
coach sector. |
|
| BHPB |
|
BHP Billiton Pty Ltd |
|
| Bypass |
|
To construct a pipeline or wires that
avoid a distribution system or part thereof |
|
|
|
|
| C |
|
|
|
| CAIDI |
|
Customer Average Interruption Duration
Index |
|
| Capex |
|
Capital expenditure |
|
| Capital Contribution |
|
An up-front payment required to be
paid by customers to cover costs associated with connection to
the distribution network |
|
| CAPM |
|
Capital asset pricing model, a financial
model that relates the required return of an asset, to the risks
associated with that asset |
|
| CCA |
|
Current cost accounting |
|
| CCGT |
|
Combined cycle gas turbine |
|
| CIS |
|
Customer Information System |
|
| City Gate |
|
Transition point from high pressure
transmission pipelines to a distribution network |
|
| CO2 |
|
Carbon dioxide, a major greenhouse
gas |
|
| CoAG |
|
Council of Australian Governments |
|
| Common Economic Goals |
|
The test to determine whether two
businesses are related parties, which is set out in the Accounting
Separation Code of Practice |
|
| Contract customers |
|
End use customer consuming more than
10 TJ of gas per annum |
|
| CPA |
|
Competition Principles Agreement |
|
| CPI |
|
Consumer price index |
|
| CRNP |
|
Cost reflective network pricing |
|
| CSO |
|
Community Service Obligation: a government
subsidy for activities undertaken by a government enterprise that
would not be undertaken as a commercial activity or would require
higher prices to be commercial |
|
|
|
|
| D |
|
|
|
| DAC |
|
Depreciated actual cost |
|
| DEC |
|
Department of Environment and Conservation
(includes the former EPA) |
|
| Demand |
|
Measurement of customer peak load
taken as the average load over a half-hour period measured in
kW or kVA (electricity) or TJ (gas) |
|
| DEUS |
|
Department of Energy, Utilities and
Sustainability (previously the Ministry of Energy and Utilities) |
|
| DG |
|
Distributed generation |
|
| DGs |
|
Distributed generators |
|
| DIHC |
|
Depreciated indexed historical cost |
|
| DIPNR |
|
Department of Infrastructure, Planning
and Natural Resources (previously Planning NSW and the Department
of Land and Water Conservation) |
|
| Distribution network |
|
Electricity network connecting the
transmission system to customers. Voltages include 132,000 V down
to typically 240V at the customer's premise |
|
| DLF |
|
Distribution Loss Factor |
|
| DLWC |
|
Department of Land and Water Conservation
, now part of DIPNR |
|
| DM |
|
Demand management |
|
| DNSP |
|
Distribution Network Service Provider,
a person who engages in the activity of owning, controlling, or
operating a distribution network, as defined in the National Electricity
Code |
|
| DORC |
|
Depreciated Optimised Replacement
Cost, a calculation based on the gross replacement cost of modern
equivalent network assets, adjusted for over-design, over-capacity
and redundant assets, less an appropriate allowance for depreciation.
It measures the minimum cost of replicating the network system
in the most efficient way possible, given its service requirements
and the age of the existing assets |
|
| DSP |
|
Demand side participation |
|
| DUOS |
|
Distribution Use of System: a service
provided to a distribution network user for use of the distribution
network for the conveyance of electricity that can be reasonably
allocated on a locational and/or voltage basis |
|
|
|
|
| E |
|
|
|
| EA |
|
EnergyAustralia |
|
| EAPL |
|
East Australian Pipeline Limited |
|
| EBIT |
|
Earnings before interest and tax |
|
| EBITD |
|
Earnings before interest, tax and
depreciation |
|
| EBITDA |
|
Earnings before interest, tax, depreciation
and amortisation |
|
| EFTPOS |
|
Electronic funds transfer point of
sale |
|
| EPA |
|
Environmental Protection Authority
of NSW, now the Department of Environment and Conservation |
|
| EPC |
|
Energy performance contracting, which
involves identifying potential future energy saving opportunities |
|
| ERP |
|
Enterprise Resource Planning system |
|
| ESC |
|
Essential Services Commission (formerly
the Office of the Regulator-General, Victoria) |
|
|
ETEF |
|
Electricity Tariff Equalisation Fund |
|
|
| ETEF |
|
Energy and Water Ombudsman of NSW |
|
|
|
|
| F |
|
|
|
| FDT |
|
Fully distributed costs |
|
| FE |
|
Funds employed |
|
| FFO |
|
Funds from operation |
|
| FITB |
|
Future Income Tax Benefit |
|
| FRC |
|
Full Retail Contestability |
|
|
|
|
| G |
|
|
|
| Gas Code |
|
National Third Party Access Code for
Natural Gas Pipeline Systems |
|
| GCRA |
|
Gas customers reserve account |
|
| GEMP |
|
Government Energy Management Policy |
|
| GJ |
|
Gigajoule, a measure of the heat content
of gas (an average residential customer in NSW consumes approximately
20 GJ of gas per year) |
|
| GSN |
|
Great Southern Energy Gas Networks
Pty Limited. Company name changed to Country Energy Gas Pty Ltd
in June 2002 |
|
| GST |
|
Goods and Services Tax |
|
| GTE |
|
Government trading enterprise |
|
| GWh |
|
Gigawatt hour (one GWh = 1,000 megawatt
hours or one million kilowatt hours) |
|
|
|
|
| H |
|
|
|
| Hunter Water / HWC |
|
Hunter Water Corporation |
|
| HV |
|
High voltage |
|
|
|
|
| I |
|
|
|
| ICB |
|
Initial capital base |
|
| IDT |
|
Inter distributor transfer, a payment
between distributors for use of the distribution network |
|
| IPART |
|
Independent Pricing and Regulatory
Tribunal |
|
| IPART Act |
|
Independent Pricing and Regulatory
Tribunal Act 1992 |
|
| IRR |
|
Internal rate of return |
|
|
|
|
| K |
|
|
|
| kL |
|
Kilolitre (1000 litres) |
|
| kV |
|
1,000 volts |
|
| kVA |
|
1,000 volt-amperes which is a measure
of the apparent power flow that determines the amount of capacity
required o supply the customer's load |
|
| kW |
|
1,000 watts a measure of the actual
power being consumed |
|
| kWh |
|
Kilowatt hour (the standard unit of
energy which represents the consumption of electrical energy at
the rate of one kilowatt over a period of one hour) |
|
|
|
|
| L |
|
|
|
| Legal Entity |
|
An entity that is:
- Incorporate under the Corporations Law
- Established as a statutory corporation, or
- Established by royal charter
|
|
| Load factor |
|
A measure of the degree to which a
customer's load can cause peak demands on the system, measured
as the relationship between the customer's average daily demand
and its peak day demand |
|
| LF |
|
Average load divided by the peak load |
|
| LPG |
|
Liquefied petroleum gas |
|
| LV |
|
Low voltage |
|
|
|
|
| M |
|
|
|
| MDQ |
|
Maximum daily quantity |
|
| MHQ |
|
Maximum hourly quantity |
|
| MoEU |
|
Ministry of Energy and Utilities,
now DEUS |
|
| MRET |
|
Mandated Renewable Energy Target,
which requires electricity retailers to purchase a set amount
of electricity from renewable energy sources. |
|
| MS |
|
Modified standard measure which excludes
major natural events and planned interruptions |
|
| MWh |
|
Megawatt hour (one MWh = 1,000 kilowatt
hours) |
|
|
|
|
| N |
|
|
|
| NARR working group |
|
National Alignment of Regulatory Reporting
working group |
|
| National Electricity Code |
|
Contains the market rules governing
the operation of the National Electricity Market, commenced in
December 1998. The National Electricity Code was approved by Ministers
of the participating jurisdictions under s6 of the National Electricity
Law in force in NSW by virtue of the National Electricity
(New South Wales) Act 1997 |
|
| NECA |
|
National Electricity Code Authority,
the body charged with responsibility for administering the National
Electricity Code |
|
| NEM |
|
National Electricity Market |
|
| NEM fees |
|
National Electricity Market fees,
which are fees charged to distributors by the National Electricity
Market Management Company |
|
| NEMMCO |
|
National Electricity Market Management
Company, which is responsible for the implementation of the National
Electricity Code and the day to day operating of the National
Electricity Market |
|
| Nominal terms |
|
Means amounts expressed in dollars
of the day |
|
| Non system assets |
|
Fixed assets that are not system assets |
|
| Non-residential HV |
|
All non-residential customers on high
voltage (HV) tariffs, including standard, time-of-use and demand
tariffs |
|
| Non-residential LV |
|
All non-residential customers on low
voltage (LV) tariffs, including standard, time-of-use and demand
tariffs. May include residential customers who are on a general
(ie not specifically residential) tariff, excluding the domestic
component of rural tariffs |
|
| Non-residential ST |
|
All non-residential customers on sub-transmission
tariffs |
|
| NPV |
|
Net present value |
|
| NVR |
|
Net realisable value |
|
| NUOS |
|
Network Use of System charge, the
access charge for use of the transmission, sub-transmission and
distribution system for the supply of electricity to customers'
premises. Network charges also include recoverable works charges,
miscellaneous charges, and monopoly charges associated with contestable
works. NUOS charges are broken into Transmission Use of System
charges (TUOS) and Distribution Use of System charges (DUOS) |
|
|
|
|
| O |
|
|
|
| O&M |
|
Operating and maintenance expenses |
|
| ODV |
|
Optimised deprival value |
|
| OECD |
|
Organisation for Economic Co-operation
and Development |
|
| OFFER |
|
Office of Electricity Regulation,
the former UK electricity industry regulator, now OFGEM |
|
| Off-peak period |
|
All times other than Peak and Shoulder
Periods on working weekdays, and all times on weekends and public
holidays |
|
| OFGAS |
|
Office of Gas Supply, the former UK
gas industry regulator, now OFGEM |
|
| OFGEM |
|
Office of Gas and Electricity Market,
the UK energy industry regulator, formerly OFFER and OFGAS |
|
| OFWAT |
|
Officer of Water Services, the UK
water industry regulator |
|
| Opex |
|
Operating expenditure |
|
| ORC |
|
Optimised Replacement Cost |
|
| ORG |
|
Office of Regulator General, Victoria.
Now known as the Essential Services Commission of Victoria |
|
|
|
|
| P |
|
|
|
| P&L Statement |
|
Profit and loss statement, or statement
of financial performance |
|
| PABS |
|
Private Automatic Branch Exchange |
|
| PDIT |
|
Provision for Deferred Income Tax |
|
| Peak Period |
|
Generally between 7:00 - 9:00 am and
5:00 - 8:00 pm on working weekdays |
|
| PJ |
|
Petajoule, equal to 1,000,000 GL |
|
| Power Factor |
|
A measure of the real power in kW
divided by the apparent power in kVA. The optimum power factor
is 1.0 where the real power equals the apparent power |
|
| PPM |
|
Pricing Principles and Methodologies
for Prescribed Electricity Distribution Services |
|
| Prospective user |
|
A person who seeks or who is reasonably
likely to seek to enter into a contract for a service. Includes
users who seek or may seek to enter into a contract for an additional
service |
|
| PRS |
|
Pressure reduction station |
|
|
|
|
| R |
|
|
|
| RAB |
|
Regulatory asset base |
|
| Revenue Cap |
|
The maximum allowable revenue |
|
| Ring fencing |
|
The clear separation of subsidiaries
or divisions of a company that may be viewed as having competitive
advantages in their dealings with each other |
|
|
|
|
| S |
|
|
|
| SAC |
|
Stand alone cost allocation |
|
| SCADA |
|
Supervisory Control and Data Acquisition,
a computerised control system that enables remote control and
monitoring of the electrical network |
|
| SAIDI |
|
System Average Interruption Duration
Index |
|
| SAIFI |
|
System Average Interruption Frequency
Index |
|
| SEDA |
|
Sustainable Energy Development Authority
(now part of DEUS) |
|
| SEF |
|
Sustainable Energy Fund |
|
| Service provider |
|
As defined in the Gas Pipeline Access
Law, a service provider is the person who is, or is to be, the
owner or operator of the whole or any part of the pipeline or
proposed pipeline |
|
| SIB |
|
Stay in business |
|
| ST |
|
Sub transmission |
|
| Standard Retail Supplier |
|
A business that supplies electricity
to small retail and eligible default customers as defined in the
Electricity Supply Act 1995 |
|
| STP |
|
Sewerage treatment plant |
|
| Substituted transfer |
|
A transfer or assignment of any interest
in any person's right to obtain a service in which the contract
between the service provider and the transferor or assignor either
does not remain in effect or remains in effect with changed terms |
|
| SWER |
|
Single wire earth return |
|
| Sydney Water / SWC |
|
Sydney Water Corporation |
|
| System Assets |
|
Fixed assets comprising the Distribution
System, as defined in the National Electricity Code |
|
|
|
|
| T |
|
|
|
| TJ |
|
Terajoule, equal to 1,000 GJ |
|
| TLF |
|
Transmission Loss Factor |
|
| TNSP |
|
Transmission Network Service Provider |
|
| TOU |
|
Time of use |
|
| TransGrid |
|
NSW transmission authority provider
of transmission services for conveyance of electricity from NSW
generators to bulk supply points |
|
| Tribunal |
|
Independent Pricing and Regulatory
Tribunal |
|
| TRS |
|
Trunk receiving station |
|
| Trunk mains |
|
High pressure pipelines within the
distribution network used to transport large quantities of gas
to sections of the network downstream from the city gate |
|
| TSA |
|
Tariff stabilisation account |
|
| TUOS |
|
Transmission Use of System. access
for a transmission network user for use of the transmission network
to transfer electricity for trade in the market |
|
|
|
|
| U |
|
|
|
| Unregulated Business |
|
That part of a Distributor's operations
that are not the Regulated Network Business or the Regulated Retail
Business. |
|
| Urban Residential |
|
Includes all customers on urban residential
(domestic) tariffs, including standard, time-of-use and controlled
load tariffs |
|
| User |
|
A person who has a current contract
for a service or an entitlement to a service as a result of an
arbitration |
|
|
|
|
| V |
|
|
|
| V |
|
Volt, the unit of electric potential
or electromotive force |
|
|
|
|
| W |
|
|
|
| W |
|
Watt, a measure of the power present
when a current of one ampere flows under a pressure of one volt |
|
| WACC |
|
Weighted average cost of capital |
|
| WDV |
|
Written down value |
|
|
|
|
