Common use of Unaccounted for Gas (UAFG Clause in Contracts

Unaccounted for Gas (UAFG. Unaccounted for Gas (UAFG) is the difference between the quantity of Gas received into the Network and delivered out of the Network, over a specified period of time. UAFG is supplied by Network Users. Where the level of UAFG is less than, or greater than, the benchmark set under the Victorian Gas Distribution System Code, AGN and Network Users make payments to one another of reconciliation amounts, as directed by Australian Energy Market Operator (AEMO), pursuant to the Retail Market Procedures.

Appears in 4 contracts

Samples: www.aemc.gov.au, www.australiangasnetworks.com.au, www.aer.gov.au

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Unaccounted for Gas (UAFG. Unaccounted for Gas (UAFG) is the difference between the quantity of Gas received into the Network and delivered out of the Network, over a specified period of time. .. UAFG is supplied by Network Users. Where the level of UAFG is less than, or greater than, the benchmark set under the Victorian Gas Distribution System Code, AGN and Network Users make payments to one another of reconciliation amounts, as directed by Australian Energy Market Operator (AEMO), pursuant to the Retail Market Procedures.

Appears in 2 contracts

Samples: www.aer.gov.au, www.aer.gov.au

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Unaccounted for Gas (UAFG. Unaccounted for Gas (UAFG) is the difference between the quantity of Gas received into the Network and delivered out of the Network, over a specified period of time. UAFG is supplied by Network Users. Where the level of UAFG is less than, or greater than, the benchmark set under the Victorian Gas Distribution System Code, AGN AGNMultinet and Network Users make payments to one another of reconciliation amounts, as directed by Australian Energy Market Operator (AEMO), pursuant to the Retail Market Procedures.

Appears in 1 contract

Samples: www.aer.gov.au

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