Portfolio Manager uses "M" to represents million (Mcf =Million Cubic Feet) and "k" to represents thousand. However, some utilities use M to represent "thousand" and M to represent "million." Unfortunately, there isn't an industry standard on this term.
We chose our approach (M= million, k=thousand) because:
- We needed to pick one standard for consistency. We couldn't have the "M" stand for thousand in Mcf and the "k" stand for thousand in kBtu.
- The metric system is the international standard:
c=100 K=1,000 M=1,000,000
Because we know utilities use both conventions to express 1,000 (kcf and Mcf), we always show the written out equivalent when you select units:
|Thousand cubic feet|
Million cubic feet
|kWh||Thousand Watt hours|
|MWh||Million Watt hours|