Availability-based Tariff
Availability Based Tariff (ABT) is a frequency based pricing mechanism for electric power. The ABT falls under electricity market mechanisms to charge and regulate power to achieve short term and long term network stability as well as incentives and dis-incentives to market participants against deviations in committed supplies as the case may be.
Read more about Availability-based Tariff: Introduction, ABT Details, Scheduling, ABT Features
Famous quotes containing the word tariff:
“After so many historical illustrations of the evil effects of abandoning the policy of protection for that of a revenue tariff, we are again confronted by the suggestion that the principle of protection shall be eliminated from our tariff legislation. Have we not had enough of such experiments?”
—Benjamin Harrison (1833–1901)