Electricity Customer Contracts Quiz

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18 Questions

What is an Interruption in the context of the provided text?

The period from the initiation of an outage to the restoration of electric service

What does the term 'Large Customer' refer to in the text?

A Customer demanding at least 1 MW of electricity

What characterizes an Island Grid based on the text?

A Generating Plant capable of generating electricity for isolated Customers

What is a Large Generator according to the content provided?

A Generation Company with aggregate capacity exceeding 20 MW

How is Load Factor defined based on the text?

The ratio of Energy delivered to the product of maximum Demand and hours

What does 'Days in Inventory' refer to?

The ratio of average inventory to cost of goods sold per day

What does Leverage Ratio measure according to the provided text?

How heavily an entity is in debt

How is the Debt-Equity Ratio calculated?

The ratio of long-term debt to total long-term capital

What does the Debt Ratio indicate?

The ratio of total liabilities to total assets

What is Declared Data in relation to a Generator?

The data provided by the Generator in accordance with the latest/current Generating Unit parameters

What is Customer Self-Generating Plant defined as?

A Customer with one or more Generating Units not subject to Central Dispatch, supplying its own electricity needs

What does Declared Net Capability represent?

The Capability of a Generating Unit as declared by the Generator net of station service

What is the definition of 'Average Inventory'?

The total value of inventory at the beginning and end of a period.

What does 'Average Collection Period' represent?

The ratio of average receivables to daily sales.

Which term refers to the long-term average fraction of time that a component or system is in service and satisfactorily performing its intended function?

Availability

Which term refers to the process of automatically removing pre-selected loads from a power system in response to an abnormal condition?

Automatic Load Dropping (ALD)

What is meant by 'Average Receivables'?

The average of the accounts receivable at the beginning and end of the period.

What does 'Average Sales' represent?

The average of the sales at the beginning and end of the period.

Test your knowledge on terms related to contracts between electricity customers and suppliers, demand management, self-generating plants, and commercial disconnections. Learn about the agreements and arrangements that govern the supply of electricity.

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