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From The PSUPedia

TP is short for Technique Power. It indicates how proficient your characters are with TECHNICs in general. As such, TP is only useful to types that can use TECHNICs and/or RCSMs, which use TP for their power.

• Complementary stats: n/a
• Parallel stats: ATP
• Antonymous stats: MST
• Requirement for: Casting Weapons

Is increased by:

Equipment:

• Casting Weapons
• Head Units
• RCSMs

Temporary buffs:

• Retaride
• Megistaride
• Retier
• Megistar

TECHNICs damage formula

You can find the TECHNICs damage formula in the Formulae article.