Wholesale Energy Glossary (Aelix Atlas Academy)
This glossary defines the terms used across Flow Before Theory and Structures That Clear.
Each entry links back to a full article where the concept is executed in practice.
Term Offtake
A fixed-volume, fixed-term purchase or sale that clears stranded supply before bidweek.
See: We Move Gas Others Can’t
Swing Contract
A variable-volume agreement used to balance daily or seasonal demand swings.
See: Term Offtake vs Swing
Index
The published benchmark price (e.g., Inside FERC San Juan Basin Index) used to settle transactions.
See: Price Transparency at San Juan Pool
Basis
The price adjustment reflecting transport cost or location difference between the index hub and the delivery point.
See: Price Transparency at San Juan Pool
Delivery Point
The physical or contractual location where title transfers between counterparties.
See: Confirmation Anatomy
Nomination
A scheduler’s daily instruction to move gas through a pipeline for a specific day and volume.
See: We Move Gas Others Can’t
Confirmation
The control document that records trade details, ensuring both sides reconcile identical terms.
See: Confirmation Anatomy
Imbalance
The difference between scheduled and actual delivered volumes within a pipeline cycle.
See: Idle Transport → Cash in 10 Days
Index + Basis Pricing
The combination of benchmark index and location adjustment used to determine final transaction price.
See: Price Transparency at San Juan Pool
Verified Flow
Aelix’s standard for documented, auditable movement of energy—every molecule accounted for from confirm to settlement.
See: Flow Before Theory Series
TL;DR
Structure creates clarity. Clarity builds verification. Verified flow defines Aelix.
