Home » Dictionary » kilowatt laundering

kilowatt laundering

kilowatt laundering
 n.— «Electricity sold by CEZ of the Czech Republic to Romania for 40 euros per MW was later resold by electricity traders in the Greek stock market for 80 euros to 90 per MW. The practice is known as ‘kilowatt laundering’ a term, analogous to money laundering, coined to describe the process of obscuring the true origins of specific quantities of electricity being sold on the energy market.» —“Energy Challenge Leaves Balkans Divided” by Gjergj Erebara BalkanInsight.com Dec. 08, 2008. (source: Double-Tongued Dictionary)

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Further reading

What the Blazes? (episode #1562)

What kind of book do people ask for most often in prison? Romance novels? No. The Bible? No. The most requested books by far are … dictionaries! A number of volunteer organizations gather and distribute used dictionaries to help inmates with...

Mudlarking (episode #1561)

Twice a day the River Thames recedes, revealing a muddy shoreline. Hobbyists known as mudlarks stroll the surface searching for objects that have found their way into the river over the centuries, everything from ancient Roman jewelry to modern...

Recent posts