Balance Group definition

Balance Group means "Bilanzgruppe" as defined in the Gas Act and shall for the purposes of this Austrian VTP Appendix be references to Balance Groups in the Market Area East;
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Balance Group means a group composed of one or more electricity market or natural gas market participants, from which one member of the balance group shall take the full balance responsibility and is a balance responsible party;
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Balance Group combination of system users in a virtual group within which injection and withdrawal are balanced, as it is defined in Austrian natural gas act 2011 “Gaswirtschaftgesetz 2011” as amended.
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Examples of Balance Group in a sentence

  • Trans Austria Gasleitung GmbH (“TAG GmbH”) enables its System Users to allocate Entry and/or Exit capacity to balance groups or sub balance accounts by means of a Balance Group Management service available under TAG GmbH’s Commercial Services Area.

  • The System User shall perform the allocation to a Balance Group in due time.

  • TAG GmbH gives no warranty for the Balance Group Management Service tools (e.g. server) being free of viruses or other dangerous elements and being available without interruptions or at all.

  • TAG GmbH, including its employees, servants, representatives and agents, shall not be liable for any direct or indirect loss, including loss of profit, damage or cost arising out of or in connection with the use of the Balance Group Management Service, including reliance upon the information and material contained within said system.

  • The offered Balance Group Management service has been implemented pursuant to the provisions of the Austrian Natural Gas Xxx 0000, the Other Market Rules (Sonstige Marktregeln, SoMa), the General Terms and Conditions for Transmission Network Access of TAG GmbH and the Capacity Contract stipulated between the System User and TAG GmbH.

  • Consequently, the Allocation of Confirmed Nominations notified by a Shipper for the Imatra Entry Point shall be entered as deliveries for the Balance Group where the Shipper acts as a Balance Responsible Party or a Balance Group member in accordance with section 8.1. Correspondingly, Nominations confirmed for the Shipper at the Imatra Entry Point shall be regarded as Capacity used by the Shipper.

  • According to Section IV para.9 GTC it is in the responsibility of the System User to allocate the awarded capacity to a valid Balance Group in due time.

  • The daily imbalance charges of a Balance Group shall be calculated by multiplying the Balance Group’s daily imbalance quantity by the applicable price of balance gas.

  • Should any of the provisions contained in the ESS-IG v2r3 conflict with these Technical Balance Group Regulations, the provisions of these Technical Balance Group Regulations shall take precedence.

  • If these capacity rights of the Balance Group and/or Sub-Balance Account are assigned to another Balance Group Responsible with a valid nomination permission or the contractual requirements between Balance Group Responsible and Market Area Manager are restored, these capacity rights are fully entitled to be nominated.


More Definitions of Balance Group

Balance Group means the combination of suppliers and customers in a virtual group within which entry (procurement schedule, injection) and exit (supply schedule, withdrawal) are balanced;
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Balance Group means the combination of system users in a virtual group within which injection and withdrawal are balanced;
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Balance Group means a group composed of one or more electricity market participants or a natural gas market, one member of the balance group assuming full balance responsibility and being a fully-accountable party;
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Balance Group means the combination of suppliers and customers in a virtual group within which injection (procurement schedule, generation) and withdrawal (delivery schedule, demand) are balanced;
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Related to Balance Group

  • Service Group means any one or more (as the context may require) of the service groups described in this Schedule;

  • Insurance group means the persons that comprise an insurance holding company system.

  • financial group means a group that consists of a legal person or legal arrangement exercising control and coordinating functions over the rest of the group for the application of group supervision under the Core Principles, and its branches and subsidiaries that are financial institutions as defined in section 27A(6) of the MAS Act or the equivalent financial institutions outside Singapore;

  • SAP Group means SAP Parent and any of its Associated Companies.

  • Minority Group means any of the following racial or ethnic groups:

  • MNE Group means any Group that (i) includes two or more enterprises the tax residences of which are in different jurisdictions, or includes an enterprise that is resident for tax purposes in one jurisdiction and is subject to tax with respect to the business carried out through a permanent establishment in another jurisdiction, and (ii) is not an Excluded MNE Group;

  • Consolidated Group means the Borrower and all Subsidiaries which are consolidated with it for financial reporting purposes under GAAP.

  • the Group means the Company and its subsidiary undertakings (if any); and

  • Group the Company and its subsidiaries

  • past financial year means the financial year preceding the current year;

  • Corporation Group means the Corporation, its affiliate, successors and permitted

  • DBS Group means DBS Bank Ltd, its subsidiaries, affiliates, branches and related companies.

  • Mortgage Group Either of Group One or Group Two.

  • Combined Group means a group of corporations or other entities that files a Combined Return.

  • Top Paid Group means the top 20 percent of Employees who performed services for the Employer during the applicable year, ranked according to the amount of "415 Compensation" (determined for this purpose in accordance with Section 1.26) received from the Employer during such year. All Affiliated Employers shall be taken into account as a single employer, and Leased Employees within the meaning of Code Sections 414(n)(2) and 414(o)(2) shall be considered Employees unless such Leased Employees are covered by a plan described in Code Section 414(n)(5) and are not covered in any qualified plan maintained by the Employer. Employees who are non-resident aliens and who received no earned income (within the meaning of Code Section 911(d)(2)) from the Employer constituting United States source income within the meaning of Code Section 861(a)(3) shall not be treated as Employees. Additionally, for the purpose of determining the number of active Employees in any year, the following additional Employees shall also be excluded; however, such Employees shall still be considered for the purpose of identifying the particular Employees in the Top Paid Group:

  • Structured group means a group that is not randomly formed for the immediate commission of an offence and that does not need to have formally defined roles for its members, continuity of its membership or a developed structure;

  • Peer Group Companies means the following companies: .

  • Distribution Company means a distribution company as defined in Section 1 of Chapter 164 of the Massachusetts General Laws.3

  • Minority group member means a United States citizen or permanent resident alien who is and can demonstrate membership in one of the following groups:

  • Xxxx Group means collectively Xxxx Capital Fund V, L.P., Xxxx Capital Fund V-B, L.P., BCIP Associates, BCIP Trust Associates, L.P. and Xxxxxxxx Street Partners.

  • Corporate Group means the Corporation and its Subsidiaries treated as a single consolidated entity.

  • Consolidated Return means any Tax Return relating to Income Taxes filed pursuant to Section 1502 of the Code, or any comparable combined, consolidated, or unitary group Tax Return relating to Income Taxes filed under state or local tax law which, in each case, includes IDT and at least one subsidiary.

  • Founding Companies has the meaning set forth in the third recital of this Agreement.

  • Group Companies means the Company and its Subsidiaries.

  • Related Group For Loan Group 1, Group 1 and for Loan Group 2, Group 2.

  • Peer Companies means the companies included in the Xxxxxxx 2000 on December 31, 2017. In the event of a merger, acquisition or business combination transaction of a Peer Company with or by another Peer Company, the surviving entity shall remain a Peer Company. In the event of a merger of a Peer Company with an entity that is not a Peer Company, or the acquisition or business combination transaction by or with a Peer Company, or with an entity that is not a Peer Company, in each case, where the Peer Company is the surviving entity and remains publicly traded, the surviving entity shall remain a Peer Company. In the event of a merger or acquisition or business combination transaction of a Peer Company by or with an entity that is not a Peer Company, a “going private” transaction involving a Peer Company or the liquidation of a Peer Company, where the Peer Company is not the surviving entity or is otherwise no longer publicly traded, the company shall no longer be a Peer Company. In the event of a bankruptcy of a Peer Company, such company shall remain a Peer Company.