Inter-Class Cross Subsidy

In electric power: an amount charged by distribution utilities to industrial and commercial end-users as well as to other subsidizing customer sectors in order to reduce electricity rates of other customer sectors such as the residential end-users, hospitals, and...

Independent Market Operator (IMO)

In electric power: a person who is financially and technically capable, with proven experience and expertise of not less than two (2) years as a leading independent market operator of similar or larger size electricity markets endorsed jointly by the DOE and Electric...

Independent Power Producer (IPP)

In electric power: an existing power generating entity which is not owned by NPC [Section 4(bb), Electric Power Industry Reform Act of 2001] In electric power: an existing power generating entity which is not owned by NPC as of the effectivity of the Act [Section 4...

Grid Code

In electric power: the set of rules and regulations governing the safe and reliable operation, maintenance and development of the high voltage backbone transmission system and its related facilities [Section 4(aa), Electric Power Industry Reform Act of 2001;...

Franchise Area

In electric power: a geographical area exclusively assigned or granted to a distribution utility for distribution of electricity [Section 4(w), Electric Power Industry Reform Act of 2001] In electric power: a geographical area exclusively assigned or granted to a...

Financing for Rural Electrification

In electric power: those loans and grants extended to ECs, for the construction or acquisition, operation and maintenance of distribution, generation, and subtransmission facilities for the purpose of supplying electric service, and those loans for the restoration,...

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