Balancing Action definition

Balancing Action means a Balancing Gas Buy or a Balancing Gas Sell 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.

  • 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.

  • 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).

  • 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.

  • 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.

  • Shipper’s Balancing Action Refund”) provided however that a Shipper shall not be entitled to a Shipper’s Balancing Action Refund to the extent that the Shipper has (i) any undischarged Monthly Disbursements Liability; and (ii) any outstanding charges which if paid would be credited to the Disbursements Account; and/or (iii) the amount to which the Shipper would otherwise have been entitled shall be smeared among the other Shippers.

  • Approve TMA Balancing Action Toni TisdalePage 5 COMPASS staff will seek balancing action to address current funding needs in the TMA programs.9:00 *C.

  • Before undertaking a Balancing Action, the Operator shall take into consideration especially the pressure of the NNTGS at any given time, the possibility of storing Natural Gas in the NNGTS, the estimated demand for Natural Gas, the most recent data regarding the Confirmed Quantities of Transmission Users and the most recent metering data.


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 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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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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Related to Balancing Action

  • Imbalance means the difference between Deliveries to KUB for a Customer and Redeliveries by KUB to the Customer.

  • Tort action means a civil action for damages for injury, death, or loss to person or property other than a civil action for damages for a breach of contract or another agreement between persons or government entities.

  • Imbalance Charges means any fees, penalties, costs or charges (in cash or in kind) assessed by a Transporter for failure to satisfy the Transporter's balance and/or nomination requirements.

  • 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

  • Unwind Costs means an amount determined by the Calculation Agent equal to the sum of (without duplication) all costs, fees, charges, expenses (including loss of funding), tax and duties incurred by the Issuer and/or any of its Affiliates in connection with the redemption of the Credit- Linked Notes and the related termination, settlement or re- establishment of any hedge or related trading position.

  • Balancing Authority or “BA” shall mean 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.

  • Bail-In Action means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.

  • Financing Arrangements means the arrangements between the Borrower and the State as per current policy of the Borrower, and acceptable to ADB;

  • Financing Agreements means, collectively, this Agreement and all notes, guarantees, security agreements and other agreements, documents and instruments now or at any time hereafter executed and/or delivered by Borrower or any Obligor in connection with this Agreement, as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced.

  • 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 Parties means Parties financing the Project, pursuant to Financing Documents.

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

  • Parties to the Contract means the ‘The Vendor’ and the Purchaser as named in the main body of the Purchase Order.

Most Referenced Clauses

Most Referenced Definitions