Balancing and Settlement Code definition

Balancing and Settlement Code or “BSC” means the Balancing and Settlement Code maintained pursuant to the NETSO Licence (including any and all subsidiary documents and procedures made under it);
Balancing and Settlement Code means such code as may be developed by the State Load Despatch Centre and approved by the Commission for the balancing of energy accounts and settlement of differences between energy scheduled and actual energy among the users of the grid in the State of Maharashtra;
Balancing and Settlement Code means the code of that name established under the NGET Transmission Licence;

Examples of Balancing and Settlement Code in a sentence

  • Definitions not otherwise set out in this Agreement but defined in the Balancing and Settlement Code (the “BSC”) (as in force at the date of this Agreement) shall have the same meanings where used herein.


More Definitions of Balancing and Settlement Code

Balancing and Settlement Code or “BSC” means the document of that name, as amended from time to time, setting out electricity balancing and settlement arrangements in Great Britain;
Balancing and Settlement Code means the document, as modified from time to time, setting out the electricity balancing and settlement arrangements designated by the Secretary of State and adopted by The National Grid Company plc (Registered No. 2366977) or its successor pursuant to its transmission licence.
Balancing and Settlement Code means such Code as may be stipulated by the Commission, or by the SLDC with the approval of the Commission, for the balancing of energy accounts and settlement of differences among the users of the grid in the State of Bihar
Balancing and Settlement Code means the Balancing and Settlement Code that is provided for in standard condition C3 (Balancing and Settlement Code (BSC)) of the Electricity Transmission Licence;
Balancing and Settlement Code means the document, as modified from time to time, setting out electricity, balancing and settlement arrangements established by NGC pursuant to its transmission licence;
Balancing and Settlement Code means the code
Balancing and Settlement Code means the legal document that defines the rules and governance for the balancing mechanism and imbalance settlement processes of electricity in Great Britain.