Electricity Customer Contracts Quiz
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Questions and Answers

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?

    <p>A Generation Company with aggregate capacity exceeding 20 MW</p> Signup and view all the answers

    How is Load Factor defined based on the text?

    <p>The ratio of Energy delivered to the product of maximum Demand and hours</p> Signup and view all the answers

    What does 'Days in Inventory' refer to?

    <p>The ratio of average inventory to cost of goods sold per day</p> Signup and view all the answers

    What does Leverage Ratio measure according to the provided text?

    <p>How heavily an entity is in debt</p> Signup and view all the answers

    How is the Debt-Equity Ratio calculated?

    <p>The ratio of long-term debt to total long-term capital</p> Signup and view all the answers

    What does the Debt Ratio indicate?

    <p>The ratio of total liabilities to total assets</p> Signup and view all the answers

    What is Declared Data in relation to a Generator?

    <p>The data provided by the Generator in accordance with the latest/current Generating Unit parameters</p> Signup and view all the answers

    What is Customer Self-Generating Plant defined as?

    <p>A Customer with one or more Generating Units not subject to Central Dispatch, supplying its own electricity needs</p> Signup and view all the answers

    What does Declared Net Capability represent?

    <p>The Capability of a Generating Unit as declared by the Generator net of station service</p> Signup and view all the answers

    What is the definition of 'Average Inventory'?

    <p>The total value of inventory at the beginning and end of a period.</p> Signup and view all the answers

    What does 'Average Collection Period' represent?

    <p>The ratio of average receivables to daily sales.</p> 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?

    <p>Availability</p> 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?

    <p>Automatic Load Dropping (ALD)</p> Signup and view all the answers

    What is meant by 'Average Receivables'?

    <p>The average of the accounts receivable at the beginning and end of the period.</p> Signup and view all the answers

    What does 'Average Sales' represent?

    <p>The average of the sales at the beginning and end of the period.</p> Signup and view all the answers

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