RenewableNI Policy

There are many technicial terms and acronyms in the renewable electricity industry.  Here are a few to get you started.

A-E

A

B

  • BAU Demand: Business As Ususal Demand (normal)
  • BECCS: Bioenergy Carbon Capture and Storage

C

  • CCC: Committee on Climate Change
  • CCS: Carbon Capture and Storage
  • CRM: Capacity Remuneration Mechanism
  • CfD: Contracts for Difference
  • COP: heat pump (HP) measurement Coefficient of Performance
  • CPPA: Corporate Power-Purchase Agreements

D

  • DS3: Delivering a Secure Sustainable Electricity System
  • DG: Distributed Generation (defined by Ofgem as “electricity generation which is connected to the distribution network rather than the high voltage transmission network”.

E

  • EV: Electric Vechile

K

L

  • LCDE
  • LCOE:
  • LDS: Long-Duration Storage

M

  • MtCO2: Metric tons of carbon dioxide equivalent

N

  • NIRO: Northern Ireland Renewable Obligation scheme

O

A-E

F
G

  • GHG: Greenhouse gases

H

  • HP: Heat Pump

I

  • I-SEM: Integrated Single Electricity Market
  • ISCC: Installed Sychronous Condenser Capacity
  • IRENA: International Renewable Energy Agency

J

P

  • PSO: Public Service Obligation
  • PV: solar panel/ Photovoltaics

Q

R

  • ROCs: Renewable Obligation Scheme
  • RES: Renewable Energy Sources
  • RES-E: Renewable Energy Sources – electricity
  • REFIT: Renewable Energy Feed-in Tariff

S
T
U
V
W

XYZ

  • WACC: Weighted Average Cost of Capital