← All glossary terms

Utility Rates, Grid, and Markets

OATT

Open Access Transmission Tariff is the tariff framework under which transmission providers offer transmission service. It matters for firm and non-firm transmission service, ancillary services, curtailment rules, and large-load cost allocation.

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Assessed value

Assessed value is the value assigned by a taxing authority for property tax purposes. It may differ from market value and can change after improvements, equipment installation, incentive agreements, or reassessment.

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BESS

Battery Energy Storage System stores energy for later discharge. In data centers, BESS can support UPS functions, peak management, backup, demand response, renewable integration, or grid services depending on design and interconnection.

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Power factor

Power factor is the ratio of real power to apparent power. A lower power factor means more current is needed to deliver the same useful kW, which can affect utility charges, transformer loading, conductor sizing, and conversion between kVA and kW.

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