Glossary - l

For your convenience, this page contains an alphabetically organized list of terms, definitions and common acronyms used in the electric utility industry.

L

Term/Acronym	Definition
LRS	Load Research Sampling
LSE	Load Serving Entity
Late Payment	Payments due to ERCOT by Invoice Recipients that are not received by the due date and time.
Load	The amount of electric power delivered at any specified point or points on a system.
Load Profile	A representation of the energy usage of a group of Customers, showing the demand variation on an hourly or sub-hourly basis.
Load Profile Type	A classification of a group of Customers having similar energy usage patterns and that are assigned the same Load Profile.
Load Profiling	The set of processes used for the development and creation of Load Profiles.
Load Profiling Methodology	The fundamental basis on which Load Profiles are created. The implementation of a Load Profiling Methodology may require statistical sampling, engineering methods, econometric modeling, or other approaches.
Load Ratio Share	A QSE's ratio of Adjusted Metered Load to total ERCOT Adjusted Metered Load related to the appropriate interval.
Load Serving Entity	An Entity that provides electric service to Customers and Wholesale Customers. Load Serving Entities include Retail Electric Providers, Competitive Retailers, and Non-Opt In Entities that serve Load.
Local Congestion	Any Congestion that cannot be resolved by deployment of Balancing Energy Service by Congestion Zone.
Location Code	The code representing the physical location of a Premise.
Low Operating Limit	The minimum net capability of a Resource at any point in time.