Glossary - b
For your convenience, this page contains an alphabetically organized list of terms, definitions and common acronyms used in the electric utility industry.
| A | B | C | D | E | F | G | H | I | J | K | L | M |
| N | O | P | Q | R | S | T | U | V | W | X | Y | Z |
Term/Acronym |
Definition |
| BES | Balancing Energy Services |
| Balanced Schedule | An Energy and Ancillary Service schedule submitted to ERCOT by a Qualified Scheduling Entity that consists of projected interval Obligations and projected interval Supply, and that includes Qualified Scheduling Entity Obligations for Transmission and Distribution Losses. A Balanced Schedule must have aggregate Supply equal to aggregate Obligations, by Settlement Interval. |
| Balancing Energy | Balancing Energy represents the change in zonal energy output or demand determined by ERCOT to be needed to ensure secure operation of ERCOT Transmission Grid, and supplied by the ERCOT through deployment of bid Resources to meet Load variations not covered by Regulation Service. |
| Bankrupt | The condition of an Entity when such Entity (i) files a petition or otherwise commences a proceeding under any bankruptcy, insolvency, reorganization or similar law, or has any such petition filed or commenced against it, (ii) makes an assignment or any general arrangement for the benefit of creditors, (iii) has a liquidator, administrator, receiver, trustee, conservator or similar official appointed with respect to it or any substantial portion of its property or assets, or (iv) is generally unable to pay its debts as they fall due. |
| Bid Stack | Bids received for Ancillary Services organized from lowest price to highest price bid for the same service and time interval. |
| Black Start Resource | A single Resource capable of providing Black Start Service. |
| Block Load Transfer | A transfer scheme which isolates a group of loads from the Control Area in which they normally are served and subsequently interconnects them with an adjacent Control Area. Such transfer schemes involve either transferring loads normally in ERCOT to a Non-ERCOT Control Area or transferring loads normally in Non-ERCOT Control Areas to the ERCOT Control Area. Block Load Transfers specifically exclude transfers of load between ERCOT and Non-ERCOT Control Areas that occur behind a retail settlement meter. |
| Business Day | Monday through Friday, excluding observed holidays listed below:
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| Business Hours | 8:00 A.M. to 5:00 P.M. Central Prevailing Time on Business Days. |