Home > Industry/Domain > Energy > Petrol

Petrol

a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. A fossil fuel, it is formed when large quantities of dead organisms, usually zooplankton and algae, are buried underneath sedimentary rock and undergo intense heat and pressure.

Contributors in Petrol

Petrol

Other end users

Energy; Coal

For motor gasoline, all direct sales to end users other than those made through company outlets. For No. 2 distillate, all direct sales to end users other than residential, commercial/institutional, ...

Rate of return on rate base

Energy; Coal

The ratio of net operating income earned by a utility, calculated as a percentage of its rate base.

Special collector

Energy; Coal

An evacuated tube collector or a concentrating (focusing) collector. Special collectors operate in the temperature range from just above ambient temperature (low concentration for pool heating) to ...

Unit price

Energy; Coal

Total revenue derived from the sale of product during the reference month divided by the total volume sold; also known as the weighted average price. Total revenue should exclude all taxes but ...

Other energy operations

Energy; Coal

Energy operations not included under Petroleum or Coal. "Other energy" includes nuclear, oilshale, tar sands, coal liquefaction and gasification, geothermal, solar, and other forms of on conventional ...

Rate schedule (electric)

Energy; Coal

The rates, charges, and provisions under which service is supplied to the designated class of customers.

Special contract rate schedule

Energy; Coal

An electric rate schedule for an electric service agreement between a utility and another party in addition to, or independent of, any standard rate schedule.

Featured blossaries

Islamic Religious

Category: Religion   1 4 Terms

Idioms Only Brits Understand

Category: Culture   1 6 Terms