Balance Group definition

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 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 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. The following definition shall be adjusted according to requested commencement of gas storage by Applicant in the Application
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Examples of Balance Group in a sentence

  • 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.

  • TAG GmbH cannot be held responsible for any damages occurring due to a mismatch with the interconnected transmission system operator based on the information submitted by System User in the Balance Group Management Service.

  • 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 assumes no liability for misprints, for the correctness and completeness of information and entries or for the mode of presentation and informs that System User is solely responsible for any decisions made on the basis of the information provided via Balance Group Management Service.

  • 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 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.

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

  • Bar shall mean a pressure of 100.000 Pa. Balance Group Responsible shall be, for the purposes of this Contract, the SHIPPER, or any other company nominated by the SHIPPER, performing the role of Bilanzgruppenverantwortlicher as defined in Section 7.

  • As provided for in Section 90 of the Austrian Natural Gas Act (Gaswirtschaftsgesetz 2011 – GWG 2011), in order to use the Sublet Hourly Flow Rate as for Article 4, the SHIPPER shall be obliged either to join a balance group managed by a Balance Group Responsible or to form its own balance group assuming directly the role of Balance Group Responsible.

  • SI>IT Balance Group Contract signed with Slovenian Market Operator or Contract for settlement of imbalances with the Balance Responsible Party in Slovenia.


More Definitions of Balance Group

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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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 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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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;

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

  • 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 a Tax Return filed with respect to Federal Income Taxes for the Consolidated Group.

  • 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 following companies which remain publicly traded throughout the entire TSR Measurement Period: AbbVie GlaxoSmithKline Amgen Johnson & Xxxxxxx AstraZeneca Merck Biogen Novartis Celgene Pfizer Xxx Xxxxx Xxxxx Gilead Sciences Sanofi Companies that were publicly traded as of the Award Date but are no longer publicly traded as of the end of the TSR Measurement Period shall be excluded, except that companies that are no longer publicly traded as of the end of the TSR Measurement Period due to filing for bankruptcy prior to the end of the TSR Measurement Period shall be assigned a Total Shareholder Return of -100% for the TSR Measurement Period. In the case of a merger or acquisition involving two Peer Companies during the TSR Measurement Period, the acquiree or merged company, as the case may be, shall be removed from the list of Peer Companies, and the acquirer or successor company, as the case may be, shall remain on the list of Peer Companies. In the case of a spinoff involving a Peer Company during the TSR Measurement Period, such company shall remain on the list of Peer Companies, provided that it remains an appropriate peer. Any new company formed as a result of the spinoff shall not be added to the list of Peer Companies for the current TSR Measurement Period (however, such company may be added to the list of Peer Companies for subsequent awards, if the Committee deems such inclusion appropriate). For the avoidance of doubt, following the closing of the Company’s acquisition of Celgene Corporation (“Celgene”), Celgene shall be has been removed from the list of Peer Companies.

  • Comparator Group is defined as the following nine U.S. based carriers including, AirTran Airways, Inc., Alaska Air Group, Inc., AMR Corporation, Continental Airlines, Inc., Delta Air Lines Inc., JetBlue Airways Corporation, Southwest Airlines Co., US Airways Group, Inc. and UAL Corporation.