Glossary of Terms
Not familiar with a term? We've got you covered!
V
- Ventilation Air
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That portion of supply air which comes from outside, plus any recirculated air that has been treated to maintain the desired quality of air within a designated place.
- Verified Nomination
A nomination that has been validated against the conditions specified in the service contract and with any upstream/downstream or third parties involved in the transaction.
- Vertical Integration
A corporate structure in which one company owns all the different aspects of making, selling and delivering a product or service. A vertically integrated electric utility would own generation, transmission and distribution facilities.
- Viscosity
In general, resistance to flow; that property of semi-fluids and gases by virtue of which they resist an instantaneous change of shape or arrangement of molecules.
- Volatility
Changes in the commodity price. The more price changes, the greater the volatility and the greater the opportunity to make a profit through trading.
- Volt
A unit of electromotive force. One volt, applied to a circuit with a resistance of one ohm, produces a current of one ampere. In the United States, electrical systems of most homes and offices are 110 volts.
- Volumetric Rates
A classification method which assigns 100% of fixed costs to the commodity rate.