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  2. Power factor - Wikipedia

    en.wikipedia.org/wiki/Power_factor

    In electrical engineering, the power factor of an AC power system is defined as the ratio of the real power absorbed by the load to the apparent power flowing in the circuit. . Real power is the average of the instantaneous product of voltage and current and represents the capacity of the electricity for performing

  3. Electricity pricing - Wikipedia

    en.wikipedia.org/wiki/Electricity_pricing

    The power factor is the ratio of real to apparent power in a power system. Drawing more current results in a lower power factor. Larger currents require costlier infrastructure to minimize power loss, so consumers with low power factors get charged a higher electricity rate by their utility. [23]

  4. Load factor (electrical) - Wikipedia

    en.wikipedia.org/wiki/Load_factor_(electrical)

    In electrical engineering the load factor is defined as the average load divided by the peak load in a specified time period. [1] It is a measure of the utilization rate, or efficiency of electrical energy usage; a high load factor indicates that load is using the electric system more efficiently, whereas consumers or generators that underutilize the electric distribution will have a low load ...

  5. Electricity meter - Wikipedia

    en.wikipedia.org/wiki/Electricity_meter

    Power factor is the ratio of resistive (or real) power to volt-amperes. A capacitive load has a leading power factor, and an inductive load has a lagging power factor. A purely resistive load (such as a filament lamp, heater or kettle) exhibits a power factor of 1. Current harmonics are a measure of distortion of the wave form.

  6. AC power - Wikipedia

    en.wikipedia.org/wiki/AC_power

    For instance, a power factor of 0.68 means that only 68 percent of the total current supplied (in magnitude) is actually doing work; the remaining current does no work at the load. Power Factor is very important in Power sector substations. Form the national grid the sub sectors are required to have minimum amount of power factor.

  7. Electricity billing in the UK - Wikipedia

    en.wikipedia.org/wiki/Electricity_billing_in_the_UK

    MSP kWh is the amount of electricity consumed at the 'meter supply point', which is the customer's meter. GSP kWh is obtained by multiplying the MSP kWh by the Line Loss Factor (LLF, a figure > 1) to include the amount of electricity lost when it is conducted through the distribution network, from the 'grid supply point' to the customer's meter.

  8. Cost of electricity by source - Wikipedia

    en.wikipedia.org/wiki/Cost_of_electricity_by_source

    The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...

  9. Load balancing (electrical power) - Wikipedia

    en.wikipedia.org/wiki/Load_balancing_(electrical...

    The electricity is turned on after the evening peak demand, and turned off in the morning before the morning peak demand starts. The cost for such power is less than the "on-demand" power which makes it worthwhile for the user to subscribe to it. A nuanced system is possible with benefits for the power company and the electricity user.