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