Infrastructures, SubsystemsA self-contained and identifiable part of a larger System, o... Click for more and formal processes that provide for the valuation, procurement, sale and measurement of EnergyElectrical Energy is the product of electrical Power and tim... Click for more, PowerElectrical represents rate at which Energy is transferred th... Click for more and Essential System Services (ESS)A set of critical physics-based services required to maintai... Click for more at any Tiers/LayersThe vertical layers of a GW-scale Power System including the... Click for more of the Power SystemA critical societal System that, in the case of GW-scale gri... Click for more.
This may include the Wholesale MarketA primary market where Electricity is bought and sold in lar... Click for more, Distribution Market Mechanisms (DMM)A general term reflecting a spectrum of approaches and mecha... Click for more, advanced Tariffs/RatesConventional pricing models that provide the basis how Custo... Click for more and/or other financial arrangements supported by processes including Scheduling and Dispatch InstructionsInstructions issued by the Market/System Operator (MSO), Dis... Click for more. A sample of conventional and emerging examples include:
- Large-scale Energy ResourcesA universal term for all technologies that provide one or se... Click for more participating in the Wholesale Market provide bids/offers to the Market/System Operator (MSO)An entity that combines the functions of the Market Operator... Click for more who subsequently schedules the Dispatch of participating resources.
- Energy RetailersAn entity that trades wholesale and other Energy services as... Click for more and AggregatorsAn Entity that brings together and Orchestrates a fleet of E... Click for more procure services from Consumer Energy Resources (CER/DER)A diverse range of small to medium scale energy resources th... Click for more and other Flexible Resources (Distributed)Energy Resources connected to the Distribution Network that ... Click for more and bid them into the Wholesale Market and/or Distribution Market Mechanisms (DMM).
- Support whole-system Operational CoordinationThe systematic operational alignment of Utility assets and n... Click for more through more granular ‘market-control’ alignment to support the provision of valuable CER /DER services in the form of Electric ProductsThe valuable physics-based services that may be provided to ... Click for more in a manner that is Co-optimisedCo-optimisation is a structured approach to ensuring that En... Click for more across all Tiers/Layers of the system.