Electric bill terms: L

Late payment charge Your bill and account

A fee that a utility adds when it does not get the payment by the due date. The tariff sets the amount, often a percentage of the unpaid balance.

Also called: late fee.

See also: Due date.

Level 2 charger Meters and usage

A 240-volt EV charger at home. It often uses 7 to 11 kW.

Also called: Level 2 charging.

See also: Electric vehicle rate.

LIHEAP Programs and discounts

The Low Income Home Energy Assistance Program, a federal program. States give the money to households to help pay heating and cooling bills.

Also called: energy assistance.

See also: Low-income program charge.

Line extension charge Charges on the bill

A charge to build a new line or service to a home. The tariff sets how much the utility pays and how much the customer pays.

Also called: line extension.

Line loss Meters and usage

Energy that is lost as heat on the lines between the power plant and your home. Supply prices include an allowance for losses.

Also called: losses.

See also: Transmission charge.

Load Units and basics

The electricity that appliances and equipment use at one time. A utility must have enough power to supply the total load of all customers.

See also: Peak demand, Load profile.

Load factor Units and basics

The average load divided by the peak load in a period. A high load factor means steady use. Some tariffs give lower prices to customers with a high load factor.

See also: Demand charge.

Load profile Units and basics

The pattern of electricity use through the day or the year. Utilities use load profiles to set time-of-use periods and to estimate usage.

See also: Interval data.

Locational marginal price (LMP) Suppliers and the electricity market

The wholesale price at one place on the grid at one time. It includes energy, congestion and losses. Real-time prices change every 5 minutes. Day-ahead prices are set for each hour.

Also called: LMP.

See also: Wholesale electricity price.

Lost revenue adjustment Riders and adjustments

A charge that pays a utility for sales that it loses because of its energy efficiency programs.

Also called: LRAM, lost fixed cost recovery.

On this site: APS (Arizona Public Service) R-1, APS (Arizona Public Service) R-3, APS (Arizona Public Service) R-EV, APS (Arizona Public Service) TOU-E, JCP&L RS.

See also: Revenue decoupling.

Low-income program charge Riders and adjustments

A charge that pays for discounts and assistance for low-income customers.

Also called: universal service charge, low income energy assistance fund.

On this site: Ameren Missouri 1(M) EMS, Appalachian Power (Virginia) R.S., BGE R, ComEd Rate BES / Rate RDS, Consumers Energy RPM, Consumers Energy RSP and 15 more.

See also: CARE, LIHEAP.

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