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As a leading European multi-utility company, EPH is dedicated to transforming infrastructure for a sustainable future. EPH is a key player in Europe's transition to a net-zero future, delivering reliable and sustainable energy.

Our approach covers the entire energy value chain and serves key markets such as Germany, the United Kingdom, Ireland, France, Switzerland, the Netherlands, Italy, Slovakia and the Czech Republic. This includes activities from power and heat generation and distribution to innovative gas transmission and storage.

Read more about EPH.

Definitions

  • ACM

    The ACM stands for Authority Consumer and Market, a crucial energy market regulator that watches over consumer interests and market transparency within the energy sector.

  • Agreement

    In the energy sector, an agreement refers to the contractual arrangements between a supplier and a consumer regarding the supply or return of electricity or gas. This document is fundamental in establishing the terms and obligations of both parties.

  • Annual volume

    The annual volume is the total amount of electricity or gas supplied to a customer in one year. This volume is important for analysing annual energy consumption and for optimising energy contracts.

  • Authorised

    The authorised representative is a person or group of persons authorised by a customer to act on its behalf, especially in communicating and fixing market prices. This is crucial for maintaining accurate and legitimate energy transactions.

  • Base load capability

    A fixed amount of gas or electricity (also referred to as a constant capacity) delivered in a given period of time.

  • Capture, Capture, Captured

    The process of ‘committing’ refers to the action by which a customer formally agrees to specific prices and volumes for energy supply, resulting in a binding agreement. This is a crucial moment in energy trading, as it irreversibly commits customers to agreed terms, laying the foundation for future supply obligations.

  • Commitment time

    The ‘commitment moment’ is the exact date and time when energy volumes and market prices are officially fixed for a future supply period. This moment is of great importance in the energy market as it ensures price stability and security of supply for both supplier and customer.

  • Connection and transport agreement

    The agreement between a customer and a system operator for the transport of electricity from the delivery point to the customer’s connection. For gas, this is the agreement between a customer and a system operator for the transport of gas from the exit point to the customer’s connection.

  • Contract price

    The ‘contract price’ is the volume-weighted average of established market prices for energy, supplemented by the profile premium and any surcharges or discounts. This pricing is essential for companies entering into long-term contracts to stabilise and make their energy costs predictable.

  • Conversion Factor from €/MWh to €/Nm3

    The conversion factor from €/MWh to €/Nm3 enables the comparison and conversion of energy prices in different units, which is essential for transparency and consistency in energy trading and billing. This factor facilitates the evaluation and comparison across different metrics commonly used in the energy sector, ensuring clarity in financial and operational dealings related to energy consumption and supply.

  • Customer key

    The customer key is a unique code designed to prevent unauthorised data exchanges between users of small business connections. This code, often the last three digits of a company’s IBAN, plays an important role in ensuring data security in the energy industry.

  • Delivery Address

    The delivery address is the address where electricity or gas is supplied, as specified by the customer. This address is important for accuracy in billing and service delivery.

  • Delivery Month

    The delivery month is the month within the delivery period during which volumes and market prices can be recorded. This helps businesses with the financial and operational planning of their energy consumption.

  • Delivery Point

    The delivery point is the location within the national high-voltage grid where electricity is made available for transport to the customer connection. Clear identification of delivery points is essential for efficiently managing energy distribution.

  • Delivery Year

    The delivery year is a calendar year during which electricity or gas is supplied to the customer, as specified in contractual agreements. This helps businesses plan and budget their energy needs on an annual basis.

  • EAN-code

    An EAN code, short for European Article Number, serves as a unique identification number for a specific connection to the electricity or gas grid. This code is crucial for unambiguous registration and management of energy connections within the European market.

  • Electrical installation

    An electrical installation includes all the lines, switchgear and distribution devices, electrical appliances, transformers and motors used to consume electricity within a company. From the metering device or similar transition point, as agreed with the grid operator, these installations are crucial for the safe and efficient distribution of electricity.

  • Electricity feed-in compensation

    Feed-in refers to the process by which self-generated energy, such as that from solar panels, is fed back into the public grid. This concept supports renewable energy initiatives and can lead to cost savings for the producer.

  • Energy Tax

    Energy tax is a levy imposed by the government, which energy suppliers pass on to end consumers. This tax is then remitted to the government and is essential for understanding the total cost of energy in the business sector.

  • Entry costs

    These are the costs of transporting gas to the national gas transmission grid. Entry costs are relevant for determining the total costs companies should consider when importing gas.

  • Entry point

    An entry point is the specific location where gas enters the national gas transmission network. The concept is crucial for understanding gas flows and associated cost structures within the energy sector.

  • Equity capital

    A company’s ‘equity’ is calculated by subtracting debts from total assets. This financial metric is important for assessing the financial health and stability of an organisation, and plays a role in investment decisions and lending.

  • Exit capacity

    Dit betreft de capaciteit van een exitpunt in het gastransportnet, essentieel voor het plannen van de hoeveelheid gas die doorgevoerd kan worden zonder verstoringen.

  • Exit costs

    Exit costs refer to the cost of transporting gas from an exit point to the relevant receiving station. These are crucial cost items for companies managing the logistics and budgeting of their gas consumption.

  • Exit point

    An exit point is the location where gas leaves the national gas transmission network. This concept is of great importance for managing gas distribution and related infrastructure planning.

  • Forecast Profile

    The forecast profile is an estimate of the expected hourly electricity or gas consumption for a future delivery period. This profile is crucial for efficiently managing energy supply and minimizing costs through accurate predictions.

  • Gas Day

    A gas day runs from 06:00 on a calendar day to 06:00 the following day. This timestamp is crucial for planning and reporting gas deliveries.

  • Gas day position

    De gasdagpositie geeft de dagelijkse gasvolume in Nm3 weer, herleid via een omrekenformule van baseloadvermogen in MW. Dit helpt bedrijven hun gasverbruik efficiënt te managen.

  • Gas day volume

    Gas day volume indicates the total amount of gas delivered within a gas day. This volume is essential for energy companies’ accounting and operational planning.

  • Gas receiving station

    Een gasontvangststation fungeert als een administratief en technisch knooppunt waar gas van het landelijke naar regionale transportnetten wordt overgedragen. Dit station speelt een essentiële rol in de distributie en beheer van gasstromen.

  • Grid

    The network operator is the organization legally designated to manage the electricity or gas network. They are responsible for the maintenance, expansion, and management of the network, which is crucial for ensuring a reliable energy supply.

  • GTS

    Gasunie Transport Services B.V., often abbreviated to GTS, is the organisation responsible for the transport and distribution of gas in the Netherlands. Their role is fundamental to the national gas supply.

  • GTS-Methodology

    The GTS methodology comprises the strategies, conditions and tariffs used by Gasunie Transport Services to regulate transport fees and capacity management. This methodology is vital for the efficient functioning of the gas market.

  • ICE Endex

    ICE Endex is a major exchange where energy prices, such as those for electricity and gas, are set and published. ICE Endex’s transparency and real-time data are crucial for market participants in energy trading.

  • ICE Endex Market price

    The ICE Endex Market Price is the settlement price for energy contracts, such as electricity and gas, determined on ICE Endex. These prices are essential for understanding energy market dynamics and planning future energy purchases.

  • Imbalance

    In the energy sector, “imbalance” refers to the difference between planned and actual energy delivery and consumption. Managing imbalance is crucial for maintaining the stability and efficiency of the energy network. This concept is essential for ensuring that energy supply meets demand accurately, which is vital for the operational integrity of power systems.

  • Klant

    The customer in the energy market is the entity that purchases electricity or gas for business use. Defining the customer helps target services and support that meet the specific needs of business users.

  • Large-scale consumer

    A large-scale consumer in the energy market is an entity with a connection that consumes significantly more energy than the standard, as established under the Electricity Act and Gas Act. Knowledge of this classification helps tailor energy services to the needs of large-scale consumers.

  • LEBA

    LEBA stands for the organisation responsible for publishing TTF day-ahead gas prices. These prices are crucial for energy market participants in making informed buying and selling decisions.

  • Mark to Market

    Mark to Market is an accounting term that describes the difference between the recorded market price of contracts and the current market price. This concept is crucial for risk management and financial reporting in the energy sector.

  • Market Price

    The market price is the price established at a specific moment on the energy market for electricity or gas. This is a key indicator of the economic value of energy and is crucial for trading and pricing strategies.

  • Maximum Consumption

    Maximum consumption refers to the highest recorded amount of energy usage within a specific period, often measured during peak hours of the winter season. This metric is crucial for capacity planning and managing energy peaks.

  • Metering Equipment

    The metering equipment includes all devices used to measure the amount of exchanged energy (electricity and/or gas). These instruments are crucial for accurate billing and consumption monitoring.

  • Metering Responsible

    The metering responsible is a person or entity legally recognized to carry the responsibility for measuring energy consumption. This role is essential for ensuring the accuracy of energy measurements and compliance with regulations.

  • Monthly Volume

    The Off Peak hours refer to the times outside the peak hours of energy consumption, specifically between 23:00 and 07:00 and during weekends and public holidays. This concept is important for optimising energy costs and usage.

  • Network Operator

    The network operator is the organization legally designated to manage the electricity or gas network. They are responsible for the maintenance, expansion, and management of the network, which is crucial for ensuring a reliable energy supply.

  • Off Peak 7-23 (Off Peak 16hrs)

    The Off Peak hours refer to the times outside the peak hours of energy consumption, specifically between 23:00 and 07:00 and during weekends and holidays. This concept is important for optimising energy costs and usage.

  • OTC Market Price

    The OTC (Over-The-Counter) market price in the energy sector refers to the price of energy that is agreed upon bilaterally between parties for delivery in a future period. This pricing mechanism plays a vital role in the flexible energy market, as it allows direct, bilateral negotiations without the mediation of an exchange.

  • Position

    The position in the energy market represents the outcome of a trading day, expressed in quantities such as megawatts (MW). Managing positions is essential for risk management and strategic planning of energy companies.

  • power connection

    A ‘power connection’ refers to the definition set out in Section 1(1)(b) of the Electricity Act 1998 and Section 1(1)(m) of the Gas Act. This term plays a crucial role in energy supply infrastructure for business users.

  • Profile

    The energy profile indicates the hourly offtake of electricity or gas over a given period. This profile is important for planning and forecasting energy consumption and for matching energy production.

  • Profile Charge

    The profile charge is the fee a customer is required to pay for using a specific consumption profile, which includes the costs of program responsibility and imbalance. This charge plays a critical role in the financial settlement of energy contracts.

  • profile customer

    A profile customer is a consumer with a specific connection capacity who does not have real-time or hourly readings of their energy usage. This term is crucial for understanding energy consumption patterns and the allocation of energy costs.

  • Program responsibility

    Program responsibility, often referred to as balancing responsibility, concerns the obligation to maintain the balance between production and consumption of energy. This is crucial for energy grid stability and preventing imbalance penalties.

  • Publication days

    Publication days are the days when the ICE Endex publishes energy prices. These days are crucial for market participants to update their pricing strategies and trading decisions.

  • Quality Conversion Costs

    These are the costs incurred to convert gas to a higher or lower energy content, or to adjust it to a composition desired by the customer. These costs are relevant for managing energy quality and efficiency.

  • Quality Conversion Costs

    These are the costs incurred to convert gas to a higher or lower energy content, or to adjust it to a composition desired by the customer. These costs are relevant for managing energy quality and efficiency.

  • Quarterly Volume

    The quarterly volume refers to the total amount of gas delivered to a customer within a quarter. This volume is important for accounting and planning energy supply on a quarterly basis.

     

     

     

     

  • Recognised Public Holidays

    Recognised public holidays such as New Year’s Day, Easter Monday, King’s Day, Ascension Day, Whit Monday, Christmas Day and Boxing Day, and Liberation Day every five years, are important for regulating operating hours and energy consumption.

  • Regional transport services

    Regional transmission services include the distribution of gas from regional receiving stations to end-users. These services are essential for ensuring efficient and reliable energy supply at regional level.

  • Small Consumer

    A small consumer is defined according to the Gas Act as a consumer with a certain maximum capacity. This term aids in classifying consumers according to energy consumption, which is essential for aligning energy services and tariff structures.

  • Small consumption connection

    A small consumer connection refers to an electric or gas connection that falls within specific capacity limits, as defined by law. This concept is crucial in determining applicable regulations and rates for various energy consumers.

  • Supplier

    The supplier is the company that provides electricity and gas, playing a central role in energy supply. The interaction between suppliers and consumers is fundamental to the energy market mechanism.

  • Supply

    Supply refers to the actual provision of electricity or gas at an agreed delivery point. This concept is essential for contractual agreements and logistical planning in the energy sector.

     

     

     

     

  • Supply period

    The supply period refers to the specific length of time during which an energy supplier is obliged to supply energy to the customer, as agreed in the supply agreement. It is crucial for managing contractual obligations and energy supply.

  • Telemetry large-scale consumer

    A telemetry wholesale energy consumer is a wholesale energy consumer that sends real-time energy consumption data via telemetry. This data is essential for accurate monitoring and management of energy consumption.

  • Telemetry large-scale consumption connection

    A telemetry wholesale connection has the capacity to handle large amounts of energy and provides detailed, real-time consumption data. This type of connection is crucial for large consumers who need accurate data for energy management.

  • Transport fee

    The transmission fee is the tariff charged for the use of the transmission network to deliver energy. This fee covers the operational and maintenance costs of the network and is essential for maintaining the infrastructure.

  • TTF Day-ahead price

    The TTF Day-ahead price is the market price for gas as set by the TTF (Title Transfer Facility) for next-day delivery. This price is an important indicator of the gas market and influences decisions of traders and energy companies.

  • Wholesale connection

    A large-scale connection refers to an energy connection that has an above-average capacity for passing electricity or gas, tailored to the needs of large consumers. It is essential for managing energy infrastructure for large industries and businesses.