Allocation Difference Account definition

Allocation Difference Account virtual point where the Shipper may deliver quantities of Gas to GRTgaz, or receive Gas delivered by GRTgaz, in order to have an influence on the Level of the Allocation Difference Account. An Allocation Difference Account is associated with a Balancing Zone.
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Allocation Difference Account in Section D2.
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Allocation Difference Account virtual point at which the Shipper may deliver quantities of Gas to the Operator, or receive Gas delivered by the Operator, in order to have an influence on the Level of the Allocation Difference Account. An Allocation Difference Account is associated with a Balancing Zone.
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Examples of Allocation Difference Account in a sentence

  • Every Day, the Daily Quantity Taken Off or where applicable Delivered at a Network Interconnection Point, at a Transport Production Interface Point, at a Transport Storage Interface Point, at a Transport LNG Terminal Interface Point, at a Title Transfer Point, or at an Allocation Difference Account, is equal to the Daily Quantity Scheduled by GRTgaz at this point.

  • Daily Quantity Delivered (Hourly Quantity Delivered): quantity of energy, expressed in MWh (GCV), which GRTgaz has delivered on a given Day (at a given Hour) at a given Delivery Point or a given Title Transfer Point or a given Allocation Difference Account pursuant to the Contract; this quantity is determined in accordance with the provisions of the Clause entitled “Determination of quantities” in Section C.

  • Each Day J, with the exception of the Day of Endowment to the Allocation Difference Account of each Month, for each Balancing Zone Z, the Level of the Allocation Difference Account for the said Day J is equal to the Level of the Allocation Difference Account for the Day J-1 decreased by the Daily Quantity Taken off on Day J at the Allocation Difference Account and increased by the Daily Quantity Delivered on Day J at the Allocation Difference Account.

  • On the Day of Endowment to the Allocation Difference Account of each Month, for each Balancing Zone Z, the Level of the Allocation Difference Account is equal to the Level of the Allocation Difference Account for the day before decreased by the Daily Quantity Taken off on Day J at the Allocation Difference Account and increased by the Daily Quantity Delivered on Day J at the Allocation Difference Account and by the Endowment to the Allocation Difference Account for the Month M-1.

  • Every Day, the Daily Quantity Taken Off or where applicable Delivered at a Network Interconnection Point, at a Transport Production Interface Point, at a Transport Storage Interface Point, at a Transport LNG Terminal Interface Point, at a Title Transfer Point, at an Allocation Difference Account, is equal to the Daily Quantity Scheduled by GRTgaz at this point.

  • Finally, GRTgaz is under no obligation to accept that the Level of the Allocation Difference Account of the Day J is lower, in absolute value, than the absolute value of the Allocation Difference Account of the Day J-1 reduced by the Gradient of the Allocation Difference Account.

  • The Shipper undertakes to ensure that, each Day J, for each Balancing Zone Z, the Level of the Allocation Difference Account is between: • zero (0) and the Profile of the Allocation Difference Account, in the case that the latter is positive, • the Profile of the Allocation Difference Account and zero (0), if it is not.

  • Profile of the Allocation Difference Account: quantity of energy, expressed in MWh (GCV 25°C), as defined in the Sub-clause entitled “Allocation Difference Account” in Section D2.

  • The Endowment to the Allocation Difference Account for the Month M shall be constituted on the Day of Endowment to the Allocation Difference Account of the Month M+1, that is included between the twentieth (20th) Day of the Month M+1 and the last Day of the Month M+1.

  • Profile of the Allocation Difference Account: quantity of energy, expressed in MWh (HCV 25°C), as defined in sub-clause 45.3 of the General Terms and Conditions.