poweradvisor.in

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Definitions (100)

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dvc


The Damodar Valley Corporation established under sub-section (1) of Section 3 of the Damodar Valley Corporation Act, 1948.
Source: poweradvisor.in

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availability based tariff


It comprises of three components: (a) Capacity Charge: towards reimbursement of the fixed cost of the plant, linked to the plant's declared capacity to supply MWs, (b) Energy Charge: to reimburse the fuel cost for scheduled generation, and (c) Unscheduled Interchange Charge: a payment for deviations from schedule, at a rate dependent on system [..]
Source: poweradvisor.in

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bilateral transaction


A transaction for exchange of energy (MWh) between a specified buyer and a specified seller, directly or through a trading licensee or discovered at power exchange through anonymous bidding, from a specified point of injection to a specified point of drawal for a fixed or varying quantum of power (MW) for any time period during a month.
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captive generating plant


Means a power plant set up by any person to generate electricity primarily for his own use and includes a power plant set up by any co-operative society or association of persons for generating electricity primarily for use of members of such cooperative society or association.
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central commission


Means the Central Electricity Regulatory Commission referred to in sub-section (1) of section 76 of Electricity Act 2003.
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central generating station


The generating stations owned by the companies owned or controlled by the Central Government.
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central transmission utility


Central Transmission Utility Means any Government company, which the Central Government may notify under sub-section (1) of Section 38 of the Electricity Act 2003.
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cogeneration


Means a process which simultaneously produces two or more forms of useful energy (including electricity).
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collective transaction


A set of transactions discovered in power exchange through anonymous, simultaneous competitive bidding by buyers and sellers.
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company


Means a company formed and registered under the Companies Act, 1956 and includes anybody corporate under a Central, State or Provincial Act.
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