Electricity Customer Contracts Quiz

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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 (correct)
The isolation of a Generating Plant from the rest of the Grid
The separation of a part or Component from the rest of the electrical System
The loss of service to a Customer due to electrical separation

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

An entity with load reduction capabilities
A Customer demanding at least 1 MW of electricity (correct)
A Customer with high leverage ratio in debt
A Customer with a high liquidity ratio

What characterizes an Island Grid based on the text?

A load with a demand below the threshold value specified by the ERC
A group of Generating Plants isolated from the Grid with high load demand
A Generating Plant that is connected to a large Generator
A Generating Plant capable of generating electricity for isolated Customers (correct)

What is a Large Generator according to the content provided?

A Generation Company with aggregate capacity exceeding 20 MW (C) Signup and view all the answers

How is Load Factor defined based on the text?

The ratio of Energy delivered to the product of maximum Demand and hours (B) Signup and view all the answers

What does 'Days in Inventory' refer to?

The ratio of average inventory to cost of goods sold per day (D) Signup and view all the answers

What does Leverage Ratio measure according to the provided text?

How heavily an entity is in debt (C) Signup and view all the answers

How is the Debt-Equity Ratio calculated?

The ratio of long-term debt to total long-term capital (A) Signup and view all the answers

What does the Debt Ratio indicate?

The ratio of total liabilities to total assets (A) Signup and view all the answers

What is Declared Data in relation to a Generator?

The data provided by the Generator in accordance with the latest/current Generating Unit parameters (A) Signup and view all the answers

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 (C) Signup and view all the answers

What does Declared Net Capability represent?

The Capability of a Generating Unit as declared by the Generator net of station service (C) Signup and view all the answers

What is the definition of 'Average Inventory'?

The total value of inventory at the beginning and end of a period. (C) Signup and view all the answers

What does 'Average Collection Period' represent?

The ratio of average receivables to daily sales. (D) Signup and view all the answers

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 (D) Signup and view all the answers

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) (C) Signup and view all the answers

What is meant by 'Average Receivables'?

The average of the accounts receivable at the beginning and end of the period. (B) Signup and view all the answers

What does 'Average Sales' represent?

The average of the sales at the beginning and end of the period. (A) Signup and view all the answers