ETSO was created following the development of the internal electricity market for the EU, as an association to support EU-wide harmonisation of network access and conditions for usage, especially for cross-border electricity trading. The networks represented by ETSO supply more than 490 million people with electric energy. The consumption of electric energy amounts to approximately 3,200 Terawatt hours per year. The length of high-voltage (400kV and 220kV) lines covered by ETSO exceeds 290,000km. ETSO’s activities are now covered by European Network of Transmission System Operators for Electricity (ENTSO-E).
* see also European Network of Transmission System Operators for Electricity (ENTSO-E)
The Energy Risk Glossary, now in its eighth edition, provides an at-a-glance explanation of the myriad specialised terms and acronyms used in energy trading and risk management.
This year, the guide has been updated by Aviv Handler of ETR Advisory. Energy Risk would like to thank him for his input into this edition, which benefits greatly from his valuable experience and insight into energy markets.
The fast-changing nature of these markets means much has changed since our last edition – almost 200 new entries and revisions have been made this year. Reflecting the increasing importance of regulation, definitions of the Markets in Financial Instruments Directive (MiFid) and the Ljubljana-based Agency for the Cooperation of Energy Regulators (Acer) make it into the glossary for the first time. A focus on improving back-office infrastructure and mitigating counterparty risk is also apparent from the inclusion of terms such as ‘portfolio reconciliation’ and ‘portfolio compression’.
The glossary is extensively cross-referenced, making for easy and thorough searches. We hope you find it useful.
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