TeachMeFinance.com - explain Open access (electric)
Open access (electric) The term 'Open access (electric)' as it applies to the area of energy can be defined as ' Federal Energy Regulatory Commission Order No. 888 requires public utilities to provide non-discriminatory transmission service over their transmission facilities to third parties to move bulk power from one point to another on a nondiscriminatory basis for a cost-based fee. Order 890 expanded Open Access to cover the methodology for calculating available transmission transfer capability; improvements that opened a coordinated transmission planning processes; standardization of energy and generation imbalance charges; and other reforms regarding the designation and undesignation of transmission network resources. NERC definition'.
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