Balancing Action definition

Balancing Action means a Balancing Gas Buy or a Balancing Gas Sell under a Balancing Gas Contract in respect of a Day;
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Balancing Action means a Balancing Gas Call or a Balancing Gas Put.
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Balancing Action means an action undertaken by the transmission system operator to change the gas flows onto or off the transmission network, excluding those actions related to gas unaccounted for as off-taken from the system and gas used by the transmission system operator for the operation of the system;
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Examples of Balancing Action in a sentence

  • A Balancing Action means a Balancing Gas Buy or a Balancing Gas Sell under a Balancing Gas contract in respect of a Day is required.

  • Price versus volume In the unlikely scenario that a small volume offer is priced significantly higher than other offers for a Gas Day, then National Grid NTS would still include that offer in any assessment of an Eligible Balancing Action.

  • Use of revised multi-day assessment price (MDAP) National Grid NTS will assess an Eligible Balancing Action against all the available OCM/OTC market offers in the revised price-order stack, i.e. by utilising any single day offer prices and the revised MDAP.

  • Where it has been assessed as economic and efficient to do so, National Grid NTS might undertake an Eligible Balancing Action on or in relation to a specific Gas Day for which a GDW is in place by accepting a ‘multi-day’ offer either on the OCM and/or through an OTC bilateral contract(s).

  • These markets offers will be assessed against the relevant Gas Day(s) for which an Eligible Balancing Action is likely to address a supply/demand imbalance position.

  • The Operator maintains a separate book account (Balancing Account) to which it charges all types of expense it incurs in relation to Balancing, especially including each expense arising as a result of a Load Balancing Action and/or as a result of the Load Balancing agreements it concludes, and which it credits with all amounts collected from Transmission Users in the procedure of daily settlement of DTULI and the Monthly Balancing Settlement.

  • For the purposes of TPD Annex S-1 paragraph 5 the reference to Market Balancing Action Charges, Market Balancing Sell Actions and Market Balancing Buy Actions shall be construed respectively as including Flexibility Charges, System Sells and System Buys.

  • Given that TSOs are expected to have new requirements affecting their operational and commercial discretion over their Balancing Action decisions, it can only be meaningful to assess TSO performance against measurable and ex-ante determined performance/reward metrics;> Incentives are to elicit a certain type of behaviour.

  • Please provide a reasoned response.Response:It is not clear whether the criteria referred to in Article 16.1 are ones which the TSO should consider when deciding to procure Balancing Services, or when deciding to undertake a Balancing Action using a previously procured Balancing Service, or both.

  • As soon as practicable following any such Eligible Balancing Action National Grid NTS will publish sufficient detail on its systems to enable Users to calculate the prevailing SAP and SMP.


More Definitions of Balancing Action

Balancing Action means an action undertaken by the TSO to change the gas flows onto and/or off the transmission network with the aim to keep it within its operational limits. Buying and selling of gas by the TSO related to fuel gas for compressor stations and/or shrinkage shall not be considered as Balancing Actions under this Network Code.
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Balancing Action. As defined in Article 3(2) of Regulation (EU) No 312/2014.
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Balancing Action means an action undertaken by the transmission system operator to change the gas flows onto and/or off the transmission network. Buying and selling of gas by the transmission system operator related to fuel gas for compressor stations and/or shrinkage shall not be considered as balancing actions under this Regulation.
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Balancing Action means the successful purchase or sale of Natural Gas by GTS on the Exchange within day market to balance the National Grid in accordance with the terms of the Transmission Code;
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Related to Balancing Action

  • balancing means (in relation to the Network and any relevant period for balancing under the Network Code) taking such measures as may be available to the Licensee, in particular, measures:

  • Future Facilities Costs means the CFD Public Facilities minus (i) public facility costs previously paid from the Construction Fund, (ii) moneys currently on deposit in the Construction Fund, and (iii) moneys currently on deposit in an escrow fund that are expected to be available to finance facilities costs.

  • Increased Costs of Hedging means that the Issuer has to pay a substantially higher amount of taxes, duties, expenditures and fees (with the exception of broker fees) compared to the First Trade Date in order to

  • Imbalance Energy means the amount of energy in MWh, in any given Settlement Period or Settlement Interval, by which the amount of Facility Energy deviates from the amount of Scheduled Energy.

  • Balancing Authority means the responsible entity that integrates resource plans ahead of time, maintains load-interchange-generation balance within a Balancing Authority Area, and supports Interconnection frequency in real time.

  • Financing Sources means the Persons (including the parties to the Commitment Letter) that have committed to provide or otherwise entered into agreements in connection with the Financing, or alternative financings in connection with the transactions contemplated by this Agreement, and any joinder agreements, indentures or credit agreements entered into pursuant thereto or relating thereto together with their Affiliates, officers, directors, employees and representatives involved in the Financing and their successors and assigns.

  • Project financing gap means the part of the total project cost,

  • Financing Party means any and all Persons, or the agents or trustees representing them, providing senior or subordinated debt or tax equity financing or refinancing (including letters of credit, bank guaranties or other credit support).

  • Financing Costs means for each calendar day the product of:

  • Restructuring related costs means reasonably incurred costs