Energy Terms

 

Learn all the terms we use

B

Balancing:

Making deliveries of gas into or withdrawals from a pipeline equal to the contracted amount or space. Balancing may be accomplished daily, monthly, or seasonally with penalties generally assessed for excessive imbalance.

Baseload:

The minimum amount of electric power delivered or required over a given period of time at a steady rate.

Baseload Capacity:

The generating equipment normally operated to serve loads on an around-the-clock basis.

Bcf:

The abbreviation for 1 billion cubic feet.

Broker:

An entity that arranges the sale and purchase of electric energy, transmission, and other services between buyers and sellers, but does not take title to any of the power sold.

Btu: (British Thermal Unit)

A standard unit for measuring the quantity of heat energy equal to the quantity of heat required to raise the temperature of 1 pound of water by 1 degree Fahrenheit.

Bundled Rate:

A single charge that covers a number of services provided by the distributor. Examples of such services are storage and transportation.