- Corporate

Actual reading:

A reading carried out directly by the reading agent when taking the reading, without third party intervention.

Amp:

Unit of intensity of an electrical current

Average pressure:

Pressure between 0.05 and 4 bar (effective or relative).

BCM:

Billion Cubic Meters, in English, which is equal to one thousand million cubic metres. Regularly used measurement for natural gas.

Billed Consumption:

Consumption in kWh billed for the volume of gas or electricity consumed during the billing period.

Centralised Boiler:

Market in which a property's supply points are connected to a Central Boiler. This market is typical in cold areas.

CNE:

The National Energy Commission ("Comisión Nacional de Energía") is the regulatory body for energy systems.

Combined cycle:

A system that combines electricity production from a gas turbine and a steam turbine using residual heat recovery from the exhaust gases of the former.

Consumo estimado:

Consumo previsto de un cliente, se calcula cada vez que se realiza una lectura, y en función de la antigüedad del cliente, la historia de sus lecturas y los indicadores de estimación que tenga activados. Sirve como filtro de validación de que el consumo a facturar es correcto.

Contracted Consumption:

Relates to the consumption agreed to between the customer and the company and is reflected in the contract.

Cubic metre (CM):

Gas volume measurement unit. The amount of gas required to fill the volume of one cubic metre.

Distribution:

After the gas has been processed, it is transported by gas pipelines to local distribution centres for measurement and delivery to customers.

Distribution company:

Distributors are legal persons owning distribution facilities who distribute piped natural gas. They also construct, maintain and operate the distribution facilities used to bring the gas to consumption points.

Dividend:

Distributable or disposable part of profit that is payable to shareholders for each share.

Downstream (distribution and marketing):

Those activities that take place from receipt of the hydrocarbons at the import terminals through distribution and marketing to the end user. Also see upstream (exploration and production) and midstream (processing and transport).

Electricity distribution network:

The electricity distribution network is made up of power lines, switchyards, transformers and other electrical elements having a voltage under 220 kW, which do not belong to the transport network. In addition, all communication, protection and control assets, auxiliary services, lands, buildings and other auxiliary elements, whether electrical or not, needed for the appropriate functioning of the specific distribution network installations defined above are considered to be part of the distribution network.

Electricity tax:

Amount in Euros of a tax applied to electricity bills. Chapter IX of Law 66/1997, of 30 December, on fiscal and administrative measures and social order, provides for the electricity tax. The tax base for this tax is the total amount multiplied by a coefficient of 1.05113. This amount was determined as the tax base for valued added tax on taxable events, excluding the electricity tax, for electricity supplies provided for payment within the territory where valued added tax is applicable between unconnected persons. The tax will be chargeable at 4.864 %.

Electricity transport network:

The electricity transport network is made up of power lines, switchyards, transformers and other electrical elements having a voltage equal to or greater than 220 kV and any other installations, whatever their voltage, that provide transport for the international interconnection and, as appropriate, interconnections with Spanish off-mainland and island electricity systems. In addition, all communication, protection and control assets, auxiliary services, lands, buildings and other auxiliary elements, whether electrical or not, needed for the appropriate functioning of the specific transport network installations defined above are considered to be part of the transport network.

Environmental Impact Statement:

The declaration by the relevant environmental authority that decides whether or not the projected activity may be carried out, and, if so, the conditions that must be established to protect the environment.

Estimated reading:

Estimated customer consumption reading, obtained by an estimate process, which is billed when a true reading or recently provided reading is not available. Also used in readings every four months.

Fixed fee:

Amount in Euros of the fixed amount billed to customers monthly for network connection and the right to consume energy.

Fixed-Rate Consumption:

Consumption in kWh billed for the various fixed rates for electricity.

Gas Centre:

Centre open for customer service and gas-related services provided by the company: gas supply, sale of appliances and services, systematic inspections, etc.

High pressure:

Pressure greater than 4 bar (effective or relative).

No terms available

No terms available

Kilowatt hour:

Unit of energy equivalent to the energy expended by the power of one kilowatt (kW) during one hour, equivalent to 3.6 megajoules. Equivalent to 0.0949 cubic metres of gas.

Last Resort Supplier:

Marketing company appointed by the government that attends to consumer requests for natural gas supply, at a maximum price that will be regarded as the Last Resort Tariff. The tariff is established by the Ministry for Industry, Tourism and Commerce, with prior agreement from the Delegated Government Committee for economic affairs.

Last Resort Tariff:

It is the maximum price, fixed by the Government, that marketing companies may charge as a last resort.

Liberalised market:

The market in which the customer contracts supply with any other marketing company duly authorised by the relevant Authority. Prices are agreed to by the purchaser and vendor.

Liquefaction plant:

Facility where natural gas is changed from a gaseous state to a liquid state.

Liquified natural gas (LNG):

Natural gas that has been liquified by freezing at approximately -161°C at atmospheric pressure. Natural gas has 600 times more volume than liquified natural gas (LNG).

Low pressure:

Pressure less than or equal to 0.05 bar (effective or relative).

Mains connection:

The part of the pipeline between the distribution network and the connection valve, inclusive. It does not form part of the reception facility.

Market capitalisation:

Value of the company obtained by applying market prices to the shares making up its equity.

Marketing Companies:

Are those purchasing natural gas (from producers or other marketing companies) and selling it to qualified customers or other marketing companies under freely agreed terms. The marketing companies pay to use the transport and distribution system for the transport and supply of gas to their clients.

Meter:

Device which enables one to read the volume of energy consumed during a specific period of time at a given baseline pressure and temperature.

Midstream (processing and transport):

Conditioning of hydrocarbon production to the quality specifications demanded by end markets, as well as transport from the processing plants to those markets. Also see upstream (exploration and production) and downstream (distribution and marketing).

Natural gas for vehicles:

Natural gas used as a fuel for vehicles.

Net profit after tax:

Final company profit calculated as the operating profit less the financial result less corporation tax.

Network tracking:

The set of tasks carried out by qualified personnel, given the relevant graphic information, electronic material and appropriate tools, to locate possible existing gas leaks in the conduits that make up the network.

No terms available

Pipelines:

The set of joined-together pipes and accessories which allows gas circulation within them.

Power:

In electrical appliances it is defined as the capacity of the appliances to do work. It is also defined as the amount of work carried out in a unit of time. The measurement unit is the Watt (W) or Kilowatt (kW).

Profit before interest and tax:

Profit of the company calculated as total operating income less total operating expenses. An expression arising from the English term EBIT "Earnings before interest and taxes" .

Quotation::

Price reached by a security on the market.

Regasification plant:

Facility where the LNG is returned to its gaseous state.

Regulated market:

The market in which the customer receives their gas and electricity supply from their usual authorised distributor. The sales tariffs for both energy types are fixed by law and published in the Official State Gazette ("BOE").

Regulation and measurement station:

A facility that has the function of reducing pressure and measuring gas flow; it forms the interconnection between the gas pipeline network and distribution networks.

Regulator cabinet:

The gas pressure regulation set when it is located inside a cabinet.

Supply points:

Number of gas consumer customers classified by companies owning the network to which they are connected, regardless of the company marketing to them.

Switching:

The process of transferring a customer who has contracted their energy supply on the regulated market, at prices and tariffs provided for in the Official State Gazette ("BOE"), to the free market where companies offer additional discounts and benefits.

Third-party access to the network:

Access by those who are not owners of the transport and distribution network.

Third-party consumption:

Consumption in kWh that the distributor invoices to the marketing companies for customers on the liberalised market to have third-party access to the network.

Underground storage:

Made up of gas fields artificially created in suitable underground formations for the purpose of adjusting gas supply to seasonal demand.

Upstream (exploration and production):

Activities relating to exploration and operation of hydrocarbon fields (oil and gas). Also see downstream (distribution and marketing) and midstream (processing and transport).

Volt:

Unit of electrical voltage.

Watt:

The basic unit of electricity, defined as one joule per second. Its symbol is W. Expressed in units used in electricity, a watt is the power produced by the potential difference of 1 volt and an electrical current of 1 amp (1 VA). The electrical power of electrical appliances is expressed in watts, if they are low power, but if they are medium to high power it is expressed in kilowatts (kW) which are equal to 1,000 watts. One kW is equal to 1.35984 HP (horsepower).

No terms available

No terms available

No terms available