Component

A generic term for the uniquely identifiable elements, building blocks, organisations, devices and applications which are related together by a Structure to enable the purposes of the System to be achieved. 

The term also includes mechanisms intrinsic to the functioning of the System that are both tangible and intangible, such as policy instruments, regulatory mechanisms, rate or tariff structures, etc.

Given the fast-evolving nature of power system transformation, the Future Grid Accelerator (FGA) has the status of a perpetual BETA version. Your suggestions for how each concept and definition may be enhanced are very welcome.

All feedback will be reviewed and considered for inclusion in subsequent updates.

Please provide your suggestions to improve to this definition: