A ABOITIZ POWER CORPORATION Glossary of Terms ...

N
A
National Electriciation
Administration or NEA
National Grid
Corporation of the
Philippines or NGCP
National Power
Corporation or NPC
ABOITIZ POWER CORPORATION
Glossary of Terms, Abbreviations and Acronyms
The government agency created under Presidential Decree No. 269, whose additional mandate includes preparing electric
cooperatives in operating and competing under a deregulated electricity market, strengthening their technical capability, and
enhancing their financial viability as electric utilities through improved regulatory policies
The government corporation awarded with the concession for the operation and maintenance of the transmission assets of
TRANSCO
The government corporation created under RA No. 6395, as amended, whose generation assets, real estate, and other disposable
assets, except for the assets of SPUG, and IPP contracts, shall be privatized, and whose transmission assets shall be transferred to
the Power Sector Assets and Liabilities Management Corporation (PSALM)
National Transmission Refers to the corporation that assumed the authority and responsibility of planning, maintaining, constructing, and centrally
Corporation or TRANSCO operating the high-voltage transmission system, including the construction of grid interconnections and the provision of ancillary
services
Network Service
Provider
Under the WESM rules, a person who engages in the activity of owning, controlling, or operating a transmission or distribution
system and who is registered with the market operator in that capacity
NIA
NIPAS
NODAL
Non-Technical Loss
NWRB
National Irrigation Authority
National Integrated Protected Areas System
Node-Voltage Analysis
The component of system loss that is not related to the physical characteristics and functions of the electrical system, and is caused
primarily by human error, whether intentional, or not
National Water Resources Board
O
O&M
Open Access
Operations and Maintenance
The system of allowing any qualified person the use of transmission and/or distribution system and associated facilities subject to
the payment of transmission and/or distribution retail wheeling rates duly approved by the ERC
P
P/E
Partial System Blackout
PASUDECO
PBR
PEMC
PEPOA
Person
PFRS
Philippine Electrical
Code or PEC
Price-Earnings Ratio
The condition when a part of the grid is isolated from the rest of the grid and all generation in that part of the grid has shutdown
Pampanga Sugar Development Corporation
Performance-based rate-setting regulation
Philippine Electricity Market Corporation
Private Electric Power Operators Association
Means an individual, corporation, partnership, association, joint stock company, trust, any unincorporated organization, or a
government or political subdivision thereof
Philippine Financial Reporting Standards
The electrical safety code that establishes basic materials quality and electrical work standards for the safe use of electricity for light,
heat, power, communications, signaling, and for other purposes
Philippine Energy Plan or The overall energy program formulated and updated yearly by the DOE and submitted to Congress pursuant to RA No. 7638
PEP
Philippine Pesos or P The lawful currency of the Philippines
PHILRECA
Philippine Rural Electric Cooperatives Association, Inc.
Power Development The indicative plan for managing electricity demand through energy-efficient programs and for the upgrading expansion,
Program or PDP rehabilitation, repair and maintenance of power generation and transmission facilities
Power Factor
Power Quality
The ratio of active power to apparent power
The quality of the voltage, including its frequency and resulting current, that are measured in the grid, distribution System, or any
user system