Project Glossary

Power TAC project glossary

This is our vocabulary page. It defines terms that have specific meanings within the Power TAC domain.

• If you see a term you do not understand, and it's not listed here, please add it. If you are unsure of how to define it, just leave the definition blank and request a definition (how do folks request definitions?).
• On the other hand, terms that are generally understood and do not have special or constrained meaning within Power TAC should not appear here.
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Balancing

Making total production + Imports equal to total consumption + Exports for a Broker's Portfolio within a Timeslot.

Broker

A competing agent that trades in the Wholesale Market and offers Tariffs to Customers.

Depot position

The set of existing future Import and Export commitments that have been cleared in the Wholesale Market for a Broker. needs clarification

Export

Outgoing transport of power from the Power TAC distribution zone into the transmission infrastructure. This can happen due to Broker power purchases, or through Balancing actions taken by the Distribution Utility.

Import

Incoming transport of power from the transmission infrastructure into the Power TAC distribution zone. This can happen due to Broker power purchases, or through Balancing actions taken by the Distribution Utility.