Balancing Action definition

Balancing Action means a Balancing Gas Call or a Balancing Gas Put.

Balancing Action means a Balancing Gas Buy or a Balancing Gas Sell under a Balancing Gas Contract in respect of a Day;

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;

Examples of Balancing Action in a sentence

• In the event that National Grid NTS does not undertake a Market Balancing Action on a Day then the Total Incentivised Nomination Charge payable by a User, in respect of that day, will be zero.

• For the avoidance of doubt, National Grid NTS may not take a Market Balancing Action for the purposes of buying or selling gas for the account of a Shrinkage Provider.

• National Grid NTS will maintain a record (which, without prejudice to any other provision of the Code, will not be available to Users) of each Eligible Balancing Action taken.

• Particular Open Access Personnel shall not transact on any Trading Platform or Balancing Platform for any reason other than undertaking a Balancing Action or purchasing Fuel Gas.

• TSP may undertake a Balancing Action by using a Trading Platform, a Balancing Platform, or a product bought or sold by negotiated bilateral agreement.

• M Market Balancing Action (MBA) An action taken by National Grid Gas to balance the system in which it enters into a transaction with a party so that that party will agree to make an acquiring or disposing trade nomination.

• 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.

• The Transporter shall, after the end of each Gas Year and prior to the Annual Disbursements Account Reconciliation referred to in Section 1.4.7, calculate, for that Gas Year, the total net annual cost of the Balancing Actions (“ Net Annual Balancing Action Cost”) undertaken by the Transporter in respect of the preceding Gas Year which cost may be negative amount.

• Payments associated with accepted DSR offer energy quantities will be settled as follows:a For each relevant Day after the declaration of GDE stage 2, all settlement of DSR Offer energy quantities accepted prior to the declaration of entry into GDE stage 2, will NOT be executed within the settlement timescales prescribed for Market Balancing Action settlement arrangements.

• In applying Section F4 in respect of Days during a Gas Deficit Emergency (at Stage 2 and higher), to the extent amounts payable by National Grid NTS to Users pursuant to paragraph 4.2.6 exceed the amounts payable pursuant to paragraph 4.2.2, the excess amounts will be taken into account as though such amounts were Market Balancing Action Charges payable by National Grid NTS (for the purposes of Section F 4.4.3).

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.

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.

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;

Balancing Action. As defined in Article 3(2) of Regulation (EU) No 312/2014.