Examples of Gas Year in a sentence
Gas Year means the period starting at 08:00 hours on 1 January and ending at 08:00 hours on the following 1 January.
If the Shipper uses more than 100% of its Credit Limit during more than 5 Gas Days per Gas Year, the Shipper will automatically be limited in its options in the Transmissions System (insufficient credit level 1, see clause19.1.5).
Where pursuant to the Code estimates of peak day demand or annual demand are to be made, such estimates will be made under the statistical methodology for such estimation described in the Base Plan Assumptions for the Gas Year 1995/96 (or any revised such methodology established by the Transporters after consultation with Users and described in Base Plan Assumptions or National Grid NTS's Ten Year Statement for any subsequent Gas Year).
A reference in the Code in relation to any Gas Year to " Total System 1-in-20 peak day demand" is the 1-in-20 peak day demand for the Total System established for the Gas Year pursuant to TPD Section O and set out in National Grid NTS's Ten Year Statement.
In the event that the quantity of Unsold Technical Interconnection Point Capacity is less than that proposed to be with-held for the relevant Gas Year, all Unsold Technical Interconnection Point Capacity will be with-held.