definition of ton of oil equivalent (toe)
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Ton of oil equivalent (TOE)
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Ton of oil equivalent (TOE)
A unit of energy corresponding to the output of 1 tonne of oil, used to express the energy production or consumption of a country.
Because of the major role that oil plays in the world economy, to measure the energy needs of different nations, economists and politicians generally use the “ton of oil equivalent”. This corresponds to 41.85 billion joules of energy, i.e. 11,626 kilowatt-hours , and is also the energy produced by 1.615 tonnes of coal.
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