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Term Definition
Acid Rain

Also called acid precipitation or acid deposition, acid rain is precipitation containing harmful amounts of nitric and sulfuric acids formed primarily by nitrogen oxides and sulfur oxides released into the atmosphere when fossil fuels are burned. It can be wet precipitation (rain, snow, or fog) or dry precipitation (absorbed gaseous and particulate matter, aerosol particles or dust). Acid rain has a pH below 5.6. Normal rain has a pH of about 5.6, which is slightly acidic. The term pH is a measure of acidity or alkalinity and ranges from 0 to 14. A pH measurement of 7 is regarded as neutral. Measurements below 7 indicate increased acidity, while those above indicate increased alkalinity.

Adjustment Bid

A bid that is used by the Independent System Operator to adjust supply or demand when congestion on the transmission system is anticipated.

Barrel

A volumetric unit of measure for crude oil and petroleum products equivalent to 42 U.S. gallons.

California Power Exchange

The California Power Exchange Corporation, a State chartered, non-profit corporation charged with providing Day-Ahead and Hour-Ahead markets for energy and ancillary services, if it chooses to self-provide, in accordance with the power exchange tariff. The power exchange is a Scheduling Coordinator and is independent of both the Independent System Operator and all other market participants.

Day-Ahead Market

The forward market for energy and ancillary services to be supplied during the settlement period of a particular trading day that is conducted by the Independent System Operator, the power exchange, and other Scheduling Coordinators. This market closes with the Independent System Operator's acceptance of the final day-ahead schedule.

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