Glossary

A

Technical Glossary

AA

Environmental Assessment

AA1000

Assurance Standard 2008

AA1000AP

Accountability Principles

AA1000SES

 Stakeholder Engagement Standard

AAE 

Strategic Environmental Assessment

ACER

Agency for the Cooperation of Energy Regulators

ACT

Collective Bargaining Agreement

AGC

Agreement on the Management of Natural Gas Consumption

AGSI

Aggregated Gas Storage Inventory

APA

Portuguese Environment Agency

B

Technical Glossary

BCSD

Business Council for Sustainable Development

BTN

Normal Low Voltage

BV

 Block Valve Station

C

Financial Glossary

CAPEX

Capital expenditure on acquisitions andupgrades of tangible fixed assets

Technical Glossary

CEM

Electric and Magnetic Fields

CAE

Energy Emission Contracts

CDP

Carbon Disclosure Project

CELE

European Union Emission Trading Scheme

CEO

Chief Executive Officer

CER

Certified Emissions Reductions

CESUR

 Power Purchase Agreements for the Supplier of Last Resort

CIGRÉ

International Council on Large Electric Systems

CIT

Individual Employment Contract

CMVM

Portuguese Securities Market Regulator

CO

Certificates of Origin

CO2

Carbon dioxide (greenhouse gas)

CODEMO

Portuguese Code for Market Research and Opinion Studies

CRH

Human Resources Committee

CT

Term Contracts

CTS

Custody Transfer Station

CO

carbon dioxide

D

Financial Glossary

DEBT TO EQUITY RATIO

Net debt/equity

DIVIDEND PER SHARE

Ordinary dividend/total number of shares outstanding

Technical Glossary

DACF

 Day Ahead Congestion Forecast

DGEG

Department of Energy and Geology

DR

Diário da República [Portuguese official journal]

DRS

Disaster Recovery System

DWDM

Dense Wavelength Division Multiplexing

E

Financial Glossary

EBIT

Earnings before interest and taxes

EBITDA

Earnings before interest, taxes, depreciation and amortisation (operating profit, excluding amortisation and depreciation

Technical Glossary

EDP

Energias de Portugal, S.A.

EC

European Commission

ECS

Environmental Framework Studies

ECSI

European Customer Satisfaction Index

ECX

European Climate Exchange

EEGO

Issuing Entity for Cogeneration Guarantees of Origin

EGIG

European Gas pipeline Incident Data Group

EIA

Environmental Impact Assessment

EIB

European Investment Bank

EINCA

Study of Environmental Incidences

EIS

Environmental Impact Statement

EIT

Equivalent Interruption Time

EMTN

Euro Medium Term Notes

ENAAC

National Strategy for Adaptation to Climate Changes

ENF

Energia Não Fornecida [Non Supplied Energy]

ENTOS‐E

European Network of Transmission System Operators for Electricity

ENTSO‐G

European Network of Transmission System Operators for Gas

EPIS

Entrepreneurs for Social Inclusion

ERGEG

European Regulators Group for Electricity and Gas

ERSE

 Energy Services Regulatory Authority

ESOMAR

European Society for Opinion and Marketing Research Association

ETA

Electricity Transmission Activity

ETS

Emissions Trading Scheme

ETSO

European Transmission System Operators

EU

European Union

EUA

European Unit Allowances

EURELECTRIC

European Union of Electricity Companies

EUR

Euro

F

Technical Glossary

FAI

Innovation Support Fund

FBF

Firefly Bird Flapper

FEUP

School of Economics, University of Porto

FP7

7th Framework Program of the European Community on research, technological development and demonstration activities

FSR

 Florence School of Regulation

G

Technical Glossary

GDP

Gás de Portugal, SGPS, S.A.

GGS

Global System Management

GHG

Greenhouse gases

GNL

Liquefied Natural Gas

GNR

Guarda Nacional Republicana [Portuguese National Guard]

GO

Guarantees of Origin

GPEARI

Planning, Strategy, Evaluation and International Relations Office

GRI

Global Reporting Initiative

GRMS

Gas Regulating and Metering Station

GSE

Gas Storage Europe

GVA

Gross Value Added

GHz 

gigahertz

GJ 

gigajoule

GW 

gigawatt

GWh 

gigawatt/hour

H

Technical Glossary

HICP

Harmonised Index of Consumer Prices

HIV

Human Immunodeficiency Virus

HV

High Voltage

I

Technical Glossary

ICE

Intercontinental Exchange

ICJCT

Interconnection Junction Station

ICNF 

Institute for Conservation of Nature and Forests

IDAD

Institute for the Environment and Development of the University of Coimbra

IES

Independent Electricity System

IFRS

International Financial Reporting Standards

IGU

 Independent Gasification Units

INE

Portuguese Institute of Statistics

INESC

Institute of Systems and Computer Engineering

IOPS

Official Social Welfare Institutions

IP

Internet Protocol

IPCTN09

 Survey of the National Scientific and Technological Potential, 2009

IPSS

Private Institutions of Social Solidarity

IRC

Corporate Income Tax

ISAE

3000 International Standard on Assurance Engagements 3000

ISDA

International Swap and Derivatives Association

ISO

International Organization for Standardization

ISQ

 Welding and Quality Institute

IST

 Higher Technical Institute

ITELSA

Innovative Tools for Electrical System security within Large Areas

IUCN

 International Union for conservation of Nature

J

Technical Glossary

JCT

 Junction Station

K

Technical Glossary

KPI

Key Performance Indicator

k€

thousand of Euro

km

kilometre

kV 

kilovolt

kWh 

kilowatt /hour

L

Technical Glossary

LABELEC

Research, Development and Laboratory Activities

LBG

London Benchmarking Group

LNEG

National Laboratory for Energy and Geology

LNG

 Liquefied natural gas

LPN

League for the Protection of Nature

M

Technical Glossary

MBA

Master of Business Administration

MC

Market Committee

MEC

Portuguese Ministry of Science and Education

MEDGRID

Consortium with the goal of promoting the development of electrical interconnections between the North, South and East Mediterranean

MEFF

Spanish Futures and Options Exchange

MERGE

Mobile Energy Resources for Grids of Electricity

METSO

Mediterranean Transmission System Operators

MIBEL

Iberian Electricity Market

MLT

Medium- and Long-Term

MODPEHS

Modular Development of a pan-European Electricity Highway System

MTSP

Municipal Tax on Sale of Property

m3

cubic metre

m3(n)

normal cubic metre
(volume of gas measured at 0o Celsius and at the pressure of 1 atmosphere)

M€ 

million Euros

mEuros

thousand of Euro

MVA 

megavolt-ampere

Mvar 

megavolt-ampere reactive

MW 

megawatt

MWh 

megawatt/hour

N

Financial Glossary

NET DEBT

Short and long-term financial debt – cash balances

Technical Glossary

NATO

North Atlantic Treaty Organization

NG

Natural Gas

O

Financial Glossary

OPEX

Operational expenditure

Technical Glossary

OECD

Organisation for Economic Co-operation and Development

OHS

Occupational Health and Safety

OHSAS

Occupational Health and Safety Advisory Services

OMEL

Operador del Mercado Ibérico de Energía – Polo Español, S.A. [Spanish Cluster]

OMI

Iberian Market Operator

OMICLEAR

Sociedade de Compensação de Mercados de Energia, S.A.

OMIP

Operador do Mercado Ibérico de Energia Energía (Pólo Português), S.A. [Portuguese Cluster]

P

Financial Glossary

PAYOUT RATIO

Ordinary dividend/net profit

Technical Glossary

PAPI

Pen and Paper Interview

PDIR

Development and Investment Plan of the Electricity Transmission Network

PDIR

Development and Investment Plan of the RNTIAT

PEGASE

Pan European Grid Advanced Simulation and State Estimation

PNALE

Portuguese Emission Licence Award Plan

PNBEPH

Portuguese Plan for High Hydraulic Potential Dams

PNDI

Natural Park of International Douro

PNLE II

Plano de Desenvolvimento e Investimento da Portuguese Emission Licence Award Plan

POC

Portuguese Official Accounting Plan

PPA

Power Purchase Agreements

PPDA

Environmental Performance Promotion Plan

PPEC

Plan for the Promotion of the Efficient Use of Electricity

PRE

Subsidised producers

PREN

Plan for the Rationalization of Energy Consumption

PRV

Variable Remuneration Program

PSP

Portuguese Police Force

p.p. 

percentage points

Q

Technical Glossary

QAS

Quality, Environment and Safety

QP

Permanent Staff

QSR

Quality of Service Regulation

QUERCUS

National Association for Nature Conservation

R

Financial Glossary

RAB

Regulated Asset Base

RCCP

Current ROE

RETURN ON ASSETS (ROA)

EBIT/total assets

RETURN ON EQUITY (ROE)

Net profit/Equity

Technical Glossary

R&D

Research & Development

RDC

Research and Development Committee

RDI

Industrial Data Network

RDI

Research, Development & Innovation

RECAPE

Environmental Compliance Report on the Execution Project

RECS

Renewable Energy Certificate System

REIVE

Power lines with Smart Electric Vehicles

REN

TELECOM REN TELECOM – Comunicações, S.A.

RES

Renewable Energy Sources Directive

RH

Human Resources

RNDGN

National Natural Gas Distribution Network

RNT

National Electricity Transmission Network

RNTGN

National Natural Gas Transmission Network

RNTIAT

National Natural Gas Transmission Network, Storage Infrastructure and LNG Terminals

S

Technical Glossary

SAP

Systems of applications and products for data processing

SDC

System Development Committee

SDH

Synchronous Digital Hierarchy

SEN

National Electricity System

SEP

Public Electricity Supply System

SGCIE

Intensive Energy Consumption Management System

SGNL

Sociedade Portuguesa de Gás Natural Liquefeito, S.A.

SGPS

Holding Company

SGRI

South Gas Region Initiative

SGCIE

System of Tax Incentives for Research and Development

SIGQAS

Integrated Management System for Quality, Environment and Safety

SNGN

National Natural Gas System

SOC

System Operations Committee

SRPV

Service of Private Voice Networks

SS

Substation

SSSV

Safety Valves on Surface

second

T

Financial Glossary

TURNOVER

Sales plus services provided

Technical Glossary

TEE

Transmission of Electrical Power

TEN

Trans-European Networks

TSO

Transmission System Operators

TYNDP

Ten-Year Network Development Plan

tonne

tcm 

1012 cubic metres

tCO2eq

Tonne of CO2 equivalent

TWh

equivalent

U

Technical Glossary

UGS

Tariff of Global Use of the System

URT

Tariff of Use of the Transmission Network

V

Financial Glossary

VAB

Value Added Tax

Technical Glossary

VHV

Very High Voltage

VHVL

Very High Voltage Lines

W

X

Y

Z

Technical Glossary

ZCA

Hunting Area

ZPE

Special Protection Areas