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

• Registrant means in relation to a Metering System, the person for the time being registered in CMRS or (as the case may be) SMRS in respect of that Metering System pursuant to Section K of the Balancing and Settlement Code.

• This Report has been prepared by ELEXON Ltd., on behalf of the Balancing and Settlement Code Panel (‘the Panel’), in accordance with the terms of the Balancing and Settlement Code (‘BSC’).

• These materials are made available for you to review and to copy for the purposes of your establishment or operation of or participation in electricity trading arrangements under the Balancing and Settlement Code (“BSC”).

• Unless defined in this Statement, terms used herein shall have the same meanings given to them in the Transmission Licence, the Grid Code and/or the Balancing and Settlement Code as the case may be.

• The Statement makes reference to a number of definitions contained in the Grid Code and Balancing and Settlement Code.

More Definitions of Balancing and Settlement Code

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 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 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.

Balancing and Settlement Code means the code for the governance of electricity balancing and settlement in Great Britain which is maintained in accordance with the conditions of a transmission licence granted or treated as granted under section 6(1)(b) of the Electricity Act 1989;