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Electricity Billing In The UK
In the United Kingdom, an electricity supplier is a retailer of electricity. For each supply point the supplier has to pay the various costs of transmission, distribution, meter operation, data collection, tax etc. The supplier then adds in energy costs and the supplier's own charge. Regulation of the charging of customers is covered by the industry regulator Ofgem. MSP, GSP and NBP MSP kWh is the amount of electricity consumed at the 'meter supply point', which is the customer's meter. GSP kWh is obtained by multiplying the MSP kWh by the Line Loss Factor (LLF, a figure > 1) to include the amount of electricity lost when it is conducted through the distribution network, from the 'grid supply point' to the customer's meter. Some kWh elements of the bill are charged at MSP and some at GSP. The LLF for a particular supply depends on the distribution network operator (DNO) and the supply's characteristics and the time and date (day of week, season etc.). Some electricity bills ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electricity Retailing
Electricity retailing is the final sale of electricity from electricity generation, generation to the end-use consumer. This is the fourth major step in the electricity delivery process, which also includes electricity generation, generation, electric power transmission, transmission and electricity distribution, distribution. Beginnings Electricity retailing began at the end of the 19th century when the bodies which generated electricity for their own use made supply available to third parties. In the beginning, electricity was primarily used for street lighting and trams. The public could buy once large scale electric companies had been started. The provision of these services was generally the responsibility of electric companies or municipal authorities who either set up their own departments or contracted the services from private entrepreneurs. Residential, commercial and industrial use of electricity was confined, initially, to lighting but this changed dramatically with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
De Minimis
''De minimis'' is a legal doctrine by which a court refuses to consider trifling matters. The name of the doctrine is a Latin expression meaning "pertaining to minimal things" or "with trifles", normally in the terms ("The praetor does not concern himself with trifles") or ''de minimis non curat lex'' ("The law does not concern itself with trifles"). Queen Christina of Sweden (r. 1633–1654) favoured the similar Latin adage, ''aquila non capit muscās'' (the eagle does not catch flies). The legal history of ''de minimis'' dates back to the 15th century in the civil law, although there are earlier antecedents. It was incorporated into David Dudley Field's Maxims of Jurisprudence of New York by the 1800s which was later exported by migrants such as John Chilton Burch to newer states such as California [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Data Collector
In the UK electricity system, a data collector (DC) is responsible for determining the amount of electricity supplied so that the customer can be correctly billed. Half-hourly For half-hourly metered supplies, the half-hourly data collector (HHDC) retrieves the energy consumption data from the meter and makes any necessary estimates. The half-hourly (HH) data is a history of the customer's electricity consumption for each half-hour period. Non-half-hourly For non-half-hourly metered supplies, the Non-Half-Hourly Data Collector (NHHDC) determines the consumption by calculating the advance (the difference between the last two meter reads); this is annualised to produce an Annual Advance (AA) and is the data the supplier will pay on. The NHHDC is also responsible determining the Estimated Annual Consumption (EAC), which is a forecast for a year ahead. The EAC is initially provided by the supplier, and thereafter forecast based on actual meter readings. Data from the Data Col ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value-added Tax (United Kingdom)
In the United Kingdom, the value added tax (VAT) was introduced in 1973, replacing Purchase Tax, and is the third-largest source of government revenue, after income tax and National Insurance. It is administered and collected by HM Revenue and Customs, primarily through the Value Added Tax Act 1994. VAT is levied on most goods and services provided by registered businesses in the UK and some goods and services imported from outside the UK. The default VAT rate is the standard rate, 20% since 4 January 2011. Some goods and services are subject to VAT at a reduced rate of 5% (such as domestic fuel) or 0% (such as most food and children's clothing). Others are exempt from VAT or outside the system altogether. VAT is an indirect tax because the tax is paid to the government by the seller (the business) rather than the person who ultimately bears the economic burden of the tax (the consumer). Opponents of VAT claim it is a regressive tax because the poorest people spend a higher pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value Added Tax
A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)) is a consumption tax that is levied on the value added at each stage of a product's production and distribution. VAT is similar to, and is often compared with, a sales tax. VAT is an indirect tax, because the consumer who ultimately bears the burden of the tax is not the entity that pays it. Specific goods and services are typically exempted in various jurisdictions. Products exported to other countries are typically exempted from the tax, typically via a rebate to the exporter. VAT is usually implemented as a destination-based tax, where the tax rate is based on the location of the customer. VAT raises about a fifth of total tax revenues worldwide and among the members of the Organisation for Economic Co-operation and Development (OECD). As of January 2025, 175 of the 193 countries with UN membership employ a VAT, including all OECD members except the United States. History German indust ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value Added Tax (United Kingdom)
In the United Kingdom, the value added tax (VAT) was introduced in 1973, replacing Purchase Tax, and is the third-largest source of government revenue, after income tax and National Insurance. It is administered and collected by HM Revenue and Customs, primarily through the Value Added Tax Act 1994. VAT is levied on most goods and services provided by registered businesses in the UK and some goods and services imported from outside the UK. The default VAT rate is the standard rate, 20% since 4 January 2011. Some goods and services are subject to VAT at a reduced rate of 5% (such as domestic fuel) or 0% (such as most food and children's clothing). Others are exempt from VAT or outside the system altogether. VAT is an indirect tax because the tax is paid to the government by the seller (the business) rather than the person who ultimately bears the economic burden of the tax (the consumer). Opponents of VAT claim it is a regressive tax because the poorest people spend a higher p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Data Collector
In the UK electricity system, a data collector (DC) is responsible for determining the amount of electricity supplied so that the customer can be correctly billed. Half-hourly For half-hourly metered supplies, the half-hourly data collector (HHDC) retrieves the energy consumption data from the meter and makes any necessary estimates. The half-hourly (HH) data is a history of the customer's electricity consumption for each half-hour period. Non-half-hourly For non-half-hourly metered supplies, the Non-Half-Hourly Data Collector (NHHDC) determines the consumption by calculating the advance (the difference between the last two meter reads); this is annualised to produce an Annual Advance (AA) and is the data the supplier will pay on. The NHHDC is also responsible determining the Estimated Annual Consumption (EAC), which is a forecast for a year ahead. The EAC is initially provided by the supplier, and thereafter forecast based on actual meter readings. Data from the Data Col ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Power Factor
In electrical engineering, the power factor of an AC power system is defined as the ratio of the ''real power'' absorbed by the electrical load, load to the ''apparent power'' flowing in the circuit. Real power is the average of the instantaneous product of voltage and current and represents the capacity of the electricity for performing work. Apparent power is the product of root mean square (RMS) current and voltage. Due to energy stored in the load and returned to the source, or due to a non-linear load that distorts the wave shape of the current drawn from the source, the apparent power may be greater than the real power, so more current flows in the circuit than would be required to transfer real power alone. A power factor magnitude of less than one indicates the voltage and current are not in phase, reducing the average Product (mathematics), product of the two. A negative power factor occurs when the device (normally the load) generates real power, which then flows back to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Meter Point Administration Number
A Meter Point Administration Number, also known as MPAN, Supply Number or S-Number, is a 21-digit reference used in Great Britain to uniquely identify electricity supply points such as individual domestic residences. The system was introduced in 1998 to aid creation of a competitive environment for the electricity companies, and allows consumers to switch their supplier easily as well as simplifying administration. Although the name suggests that an MPAN refers to a particular meter, an MPAN can have several meters associated with it, or indeed none where it is an unmetered supply. A supply receiving power from the network operator (DNO) has an import MPAN, while generation and microgeneration projects feeding back into the DNO network are given export MPANs. The equivalent for gas supplies is the Meter Point Reference Number and the water/wastewater equivalent for non-household customers is the Supply Point ID. Structure An MPAN is commonly separated into two sections: the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kilovolt-ampere
The volt-ampere ( SI symbol: VA, sometimes V⋅A or V A) is the unit of measurement for apparent power in an electrical circuit. It is the product of the root mean square voltage (in volts) and the root mean square current (in amperes). Volt-amperes are usually used for analyzing alternating current (AC) circuits. In direct current (DC) circuits, this product is equal to the real power, measured in watts. The volt-ampere is dimensionally equivalent to the watt: in SI units, 1 V⋅A = 1 W. VA rating is most used for generators and transformers, and other power handling equipment, where loads may be reactive (inductive or capacitive). Formulation For a simple electrical circuit running on direct current, the electrical current and voltage are constant. In that case, the real power (''P'', measured in watts) is the product of the current (''I'', measured in amperes) and the voltage from one side of the circuit to the other (''V'', measured in volts): :P = I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Balancing Point (UK)
The National Balancing Point, commonly referred to as the NBP, is a virtual trading location for the sale and purchase and exchange of natural gas in the United Kingdom. It is the pricing and delivery point for the ICE Futures Europe ( IntercontinentalExchange) natural gas futures contract. It is the second most liquid Liquid is a state of matter with a definite volume but no fixed shape. Liquids adapt to the shape of their container and are nearly incompressible, maintaining their volume even under pressure. The density of a liquid is usually close to th ... gas trading point in Europe and has a major influence on the price that domestic consumers pay for their gas. Gas at the NBP trades in pence per therm. It is similar in concept to the Henry Hub in the United States but differs in that it is not an actual physical location. Operation Unlike continental European trading hubs such as Zeebrugge and TTF, trades made at the NBP are not required to be balanced, and the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
