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GLOSSARY—Continued Total energy consumption: For the purposes of this report, refers to the consumption of primary energy sources (e.g., fossil fuels like crude petroleum or natural gas) before they are transformed into other forms of energy (i.e., electricity). Watt: A unit of electrical power equaling the amount of power produced from the expense of one joule of energy in one second. Wattage is expressed as follows: 1,000 watts (W) = 1,000 kilowatts (kW) = 1,000 megawatts (MW) = 1,000 gigawatts (GW) = 1 kilowatt (kW) 1 megawatt (MW) 1 gigawatt (GW) 1 terawatt (TW) Watt-hour: A measure of electricity consumption. One watt-hour (Wh) is equal to the steady expense of one watt of power over one hour. Electricity consumption is expressed as follows: 1,000 watts-hours (Wh) = 1,000 kilowatts-hours (kWh) = 1,000 megawatts-hours (MWh) = 1,000 gigawatts-hours (GWh) = 1 kilowatt-hour (kWh) 1 megawatt-hour (MWh) 1 gigawatt-hour (GWh) 1 terawatt-hour (TWh) Wholesale power market: The market for the sale of electricity from electricity generators to utilities/entities that resell the electricity on the retail market. xiiPDF Image | Renewable Energy and Related Services: Recent Developments
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