Energy Industry Jargons Archives - CovaU Energy https://www.covau.com.au/docs-category/energy-industry-jargons/ The Best Energy Provider in Australia - CovaU Energy Mon, 10 Jun 2024 00:32:04 +0000 en-AU hourly 1 https://www.covau.com.au/wp-content/uploads/2021/06/cropped-covau-favicon-1-32x32.png Energy Industry Jargons Archives - CovaU Energy https://www.covau.com.au/docs-category/energy-industry-jargons/ 32 32 What is heating value? https://www.covau.com.au/docs/energy-industry-jargons/what-is-heating-value/ Mon, 10 Jun 2024 00:32:02 +0000 http://CVU-admin-2024 Heating value indicates the amount of energy that can be obtained as heat by burning a unit of gas. Gas is measured by mega joule units and a mega joule is the result of the units of gas recorded multiplied by the heating value and the conversion factor.

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]]> Heating value indicates the amount of energy that can be obtained as heat by burning a unit of gas. Gas is measured by mega joule units and a mega joule is the result of the units of gas recorded multiplied by the heating value and the conversion factor.

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]]> What is NMI https://www.covau.com.au/docs/energy-industry-jargons/what-is-nmi/ Mon, 10 Jun 2024 00:32:02 +0000 http://CVU-admin-2024 National Meter Identifier (NMI) is a unique number that is assigned to each premise and links your electricity meter with your premise. All energy retailers must include the NMI on their electricity bill.

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]]> National Meter Identifier (NMI) is a unique number that is assigned to each premise and links your electricity meter with your premise. All energy retailers must include the NMI on their electricity bill.

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]]> What is time of use? https://www.covau.com.au/docs/energy-industry-jargons/what-is-time-of-use/ Mon, 10 Jun 2024 00:32:04 +0000 http://CVU-admin-2024 Time Of Use (TOU) tariffs apply different prices for electricity at different times of the day. Time is divided into Peak, Shoulder and Off-Peak periods which reflect the level of demand on the electricity network. During Off-Peak periods electricity prices will be cheaper than at other times. Charges are higher in Peak and Shoulder times […]

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]]> Time Of Use (TOU) tariffs apply different prices for electricity at different times of the day. Time is divided into Peak, Shoulder and Off-Peak periods which reflect the level of demand on the electricity network. During Off-Peak periods electricity prices will be cheaper than at other times. Charges are higher in Peak and Shoulder times and lower in Off-Peak times, so understanding the way you use electricity and the available tariff options is important to ensure you get the best value for money. For energy saving tips, please refer to  https://www.covau.com.au/energy-saving-tips/.

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]]> What are energy charges? https://www.covau.com.au/docs/energy-industry-jargons/what-are-energy-charges/ Mon, 10 Jun 2024 00:32:02 +0000 http://CVU-admin-2024 Energy charges are the charges applied for the energy consumed during a time period. These charges vary depending on the tariff and contract.

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]]> Energy charges are the charges applied for the energy consumed during a time period. These charges vary depending on the tariff and contract.

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]]> What are non-energy charges? https://www.covau.com.au/docs/energy-industry-jargons/what-are-non-energy-charges/ Mon, 10 Jun 2024 00:32:02 +0000 http://CVU-admin-2024 The post What are non-energy charges? appeared first on CovaU Energy.

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  • Environmental Charges: Environmental charges include the costs for carbon price, green products and greenhouse gas scheme certificates.
  • Network Charges: Network charges include the cost of the supply of energy to a property and maintaining the network of poles and wires.
  • Market Charges: Market charges include costs from AEMO and NEM such as market fees and ancillary fees.
  • Ancillary fees: Ancillary charges are for services used by AEMO to manage the power system safely, securely and reliably. Ancillary services maintain key technical characteristics of the system, including standards for frequency, voltage, network loading and system re-start processes.
  • Goods and Services Tax (GST): GST is a tax of 10% on most goods, services, and other items sold or consumed in Australia.

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    ]]>         What is Service to Property Charge or Daily Charges? https://www.covau.com.au/docs/energy-industry-jargons/what-is-service-to-property-charge-or-daily-charges/ Mon, 10 Jun 2024 00:32:02 +0000 http://CVU-admin-2024 This is a fixed administration cost which is charged for servicing your site.

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    ]]>     This is a fixed administration cost which is charged for servicing your site.

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    ]]>         What is loss factor? https://www.covau.com.au/docs/energy-industry-jargons/what-is-loss-factor/ Mon, 10 Jun 2024 00:32:02 +0000 http://CVU-admin-2024 A loss factor is the amount of energy that is lost while being distributed and transported to your premises (this is included in consumer energy costs).

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    ]]>     A loss factor is the amount of energy that is lost while being distributed and transported to your premises (this is included in consumer energy costs).

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    ]]>         What are the basic units of energy? https://www.covau.com.au/docs/energy-industry-jargons/what-are-the-basic-units-of-energy/ Mon, 10 Jun 2024 00:32:02 +0000 http://CVU-admin-2024 ElectricityWatt hour: A watt hour is the amount of energy consumed by an appliance in one hour if it operates at a power of one watt. A watt-hour is too small a unit for most purposes, so we use the “kilowatt-hour” (kWh), which is equal to 1000 watt-hours. Kilowatt-hours are the units measured by electricity […]

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    ]]>     Electricity
    Watt hour:     A watt hour is the amount of energy consumed by an appliance in one hour if it operates at a power of one watt. A watt-hour is too small a unit for most purposes, so we use the “kilowatt-hour” (kWh), which is equal to 1000 watt-hours. Kilowatt-hours are the units measured by electricity meters.

    Watts: Volts x amperes

    Kilowatt (kW) = 1000 watts

    Megawatt (MW) = 1,000,000 watts

    Gigawatt (GW) = 1,000,000,000 watts

    Gas

    Joule (J): A Joule is a unit of measure of energy; it is equivalent to passing electric current of one amp through a resistance of one ohm for one second.

    Kilojoule (KJ) = 1000 joules

    Megajoule (MJ) = 1000,000 joules

    Terra joule (TJ) = 1,000,000,000,000

    The Australian Energy Market Operator (AEMO) has facilitated an industry-wide program to implement Power of Choice. Find out more information about the Power of Choice review at the AEMC website.

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    ]]>         What is controlled load? https://www.covau.com.au/docs/energy-industry-jargons/what-is-controlled-load/ Mon, 10 Jun 2024 00:32:02 +0000 http://CVU-admin-2024 A controlled load or dedicated load refers to a separate tariff for a dedicated systems like an electric hot water system. You will know if your house has a controlled load by checking your electric bill.

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    ]]>     A controlled load or dedicated load refers to a separate tariff for a dedicated systems like an electric hot water system. You will know if your house has a controlled load by checking your electric bill.

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