Glossary – Electricity

The transmission system used to transmit electricity.

The property boundary of the user equipment and the electrical plant or powerline.

The consumer enters into a supply contract with a market operator for the purchase of electricity.

A commercial contract in which the seller undertakes to supply the buyer with electricity – in line with the buyer’s feed-in needs – for a specific period of time and under fixed financial terms and conditions.

The system of transmission lines used to deliver and distribute electricity to the end-user point.

The 15-minute settlement time unit for feed-in and supply from the network.

A metering point for the settlement of the schedule clearly assigned to a connection point, which is used to clearly identify the balancing group member in its relationship with its balancing responsible party and Network License Holder.

The area of use of the of electricity consumed by the user through the connection points.

A person who buys electricity through the network.

A contract concluded with the territorially competent Network License Holder to ensure the continuous availability of the output conditions at the connection point.

A contract concluded with the territorially competent Network License Holder for the installation and operation of a meter at the connection point and for the continuous supply of electricity purchased from the trader. The Network Usage Contract also includes the terms and conditions for meter reading and data transmission. The network license holder and the system operator provide the balancing responsible party with the metering data necessary for settlement.

The period used by the service provider for which the financial settlement is made (from 12:00 a.m. on the first day of the current month to 11:59 p.m. on the last day of the current month).

The regulatory energy that compensates for the schedule deviation of the balancing group, which can be positive or negative depending on the under- or oversupply of the balancing group.

The unit price of balancing energy set by the transmission system operator for the settlement period, in HUF per balancing group.

The period used by the transmission system operator for which the financial settlement with the balancing groups is made (from 12:00 a.m. on the first day of the current month to 11:59 p.m. on the last day of the current month).

A network with a nominal voltage not exceeding 1 kV.

A network with a nominal voltage of more than 1 kV and up to 35 kV.

A user who purchases electricity for consumption in their own household – i.e., a residential building, apartment, holiday or weekend home or garage used for residential purposes – based on a contract for the supply of electricity, and who does not carry out economic activity for income with the electricity so purchased.

An electricity sale-and-purchase contract that fixes the amount of electricity to be supplied, broken down into settlement periods.

The difference between the applicable metered annual consumption and the actual consumption measured for the settlement period. The value of the quantitative difference is negative for under-consumption and positive for over-consumption.

An organization set up to balance and settle for the electricity produced and consumed.

The amount of energy as defined by the system operator among the confirmed schedule of the total balancing group and the settled metering results.

The contract concluded between the balancing responsible party and the system operator, which serves as the basis for balancing energy settlement and schedule reporting.

The member of the balancing group must conclude a contract with the balancing responsible party on its membership in the balancing group.

The contract concluded between the balancing responsible party and a market player, which serves as the basis for balancing energy settlement and schedule reporting.

A market player is any of the following: eligible consumers, producers, electricity traders, public utility wholesalers, public utility service providers, distribution network license holder, small power plants and system operators.

An eligible customer without a remote metering device that has a nominal capacity of 3×80 Amperes or less, is being supplied from a low-voltage network and is suitable for remote querying and recording the load curve.

A statistically-determined consumer performance type curve for a given time interval and an annual consumption of 1,000 kWh.

An officially determined and nationally uniform fee, which the territorially competent Network License Holder is entitled to charge for the operation of the network.

The trading system for standardized energy trading transactions, operated by the organized electricity market license holder.

A supply-based contract which does not allow the buyer to enter into additional schedule-based contracts to ensure supply other than their supply-based contract.

A market player holding an electricity production or small power plant license.

The regulations approved by HEPURA, which contain the license holder’s general terms and conditions.

Outbound supply from the electricity network at a specified connection point.