Balancing Charges definition

Balancing Charges means the Daily Imbalance Charge(s) and the System Imbalance Charge(s);

Balancing Charges means the amount chargeable to a Balancing Group Manager by NCG under the TCs if that Balancing Group Manager had failed to balance its Balancing Group in the relevant hour and Day solely by reason of a quantity of Natural Gas equal to the difference between the Contract Quantity and the Delivered Quantity assuming a Balancing Group tolerance of zero per cent (0 %) and that the Balancing Group had not booked an Additional Balancing Service;

Balancing Charges means any charges determined by First Gas and payable by the Interconnected Party pursuant to section 8 of the Code; Balancing Credits means any credits determined by First Gas and due to the Interconnected Party pursuant to section 8 of the Code; Xxxx Rate means, on any Business Day, the 90-Day Rate published by the Reserve Bank of New Zealand for the weekly period in which the Business Day falls;

Examples of Balancing Charges in a sentence

• The Company shall allow Customer's daily demand to inadvertently vary from daily scheduled deliveries by +/-4.5% without imposing Daily Balancing Charges, provided the total daily quantity taken does not exceed Customer's Daily Firm Requirement, MDQ or otherwise specified contract demand limit.

• Such aggregated pool quantity of gas shall be considered as one volume for the calculation of Balancing Charges set out in the Company Balancing Service provisions under this Rate Schedule, except as defined during a Critical Overtake Day or Critical Undertake Day.

• Customers or Pool Operators will be subject to the Balancing Charges for all no-notice injections into the balancing account and no-notice withdrawals from the balancing account in accordance with the Balancing Charge set out in the Rates provision below.

• Balancing Charges, including of balance capacity charges and daily balancing charges are credited to customers under Rider 170 – Gas Cost Adjustment (GCA) Rider.

• Gas Balancing Charges are set out in Schedule 3 together with the conditions relating to Gas Balancing.

• Such aggregated pool quantity of gas shall be considered as one volume for the calculation of Balancing Charges set out in the Company Balancing Service provisions xxxxxx this Rate Schedule, except as defined during a Critical Overtake Day or Critical Undertake Day.

• Charges Payable as an OBA Party In respect of any Delivery Point at which an OBA applies, the Interconnected Party shall pay all Balancing Charges (less any Balancing Credits), Daily Overrun Charges, Underrun Charges and Hourly Overrun Charges determined by First Gas in accordance with the Code.

• Such Interruptible Balancing Charges shall be calculated by multiplying the Interruptible Balancing Charge rate in effect on the termination date of the applicable Exhibit B to Customer's Hub Services Agreement by the quantity of Gas sold at auction.

• The Company shall allow Customer's daily demand to inadvertently vary from daily scheduled deliveries by +/-2.5% without imposing Daily Balancing Charges, provided the total daily quantity taken does not exceed Customer's Daily Firm Requirement, MDQ or otherwise specified contract demand limit.

• Balancing Charges shall, subject to 4.6 be calculated and made in accordance with this section 4.3.

More Definitions of Balancing Charges

Balancing Charges means Utility fees, costs or charges and penalties assessed for failure to satisfy the Utility’s balancing and/or nomination requirements. “Prior Notice” is defined as forty-eight (48) hours before the start of the Gas Day for which the material variation in usage will apply. “Gas Day” means a period of 24 consecutive hours as defined by the Utility. Buyer will make any payment due pursuant to this Section within five (5) Business Days of the date of Seller's invoice.

Balancing Charges means any charges determined by First Gas, and payable by the Interconnected Party (as in respect of any Delivery Point at which an OBA Party), pursuant to section 8 of applies, determined in accordance with the Code; Balancing Credits means any credits receivable by the Interconnected Party in respect of any Delivery Point at which an OBA applies, determined by First Gas and due to the Interconnected Party pursuant to section 8 of in accordance with the Code; Xxxx Rate means, on any Business Day, the 90-Day Rate published by the Reserve Bank of New Zealand for the weekly period in which the Business Day falls;

Balancing Charges means the amount chargeable in respect of a Day by the Relevant Network Operator under the TC to a Shipper with a negative Daily Imbalance equal solely to the excess of the Contract Quantity over the Delivered Quantity, assuming the Shipper has a tolerance in the main network or Balancing Zone, as applicable, of zero per cent and that the Shipper has not booked an Optional Balancing Service;

Balancing Charges means the amount chargeable in respect of a Day by the Relevant Network Operators under the TCs to a Shipper with a negative Daily Imbalance equal solely to the excess of the Contract Quantity over the Delivered Quantity, assuming that the Shipper has not booked an Optional Balancing Service;

Balancing Charges means the amount chargeable to a Shipper by the Relevant Network Operator under the TC if that Shipper had failed to balance its entry quantities and exit quantities in the main network, in the case of the TIGF TC, and in a Balancing Zone, in the case of the GRTgaz TC, solely by an amount equal to the difference between the Contract Quantity and the Delivered Quantity assuming the Shipper has a tolerance in the main network or Balancing Zone, as applicable, of zero per cent and that the Shipper has not booked an Optional Balancing Service; for the avoidance of doubt, a Balancing Charge shall not include any amount chargeable or charged to a Shipper in respect of a Cumulative Imbalance and shall, as at the date of publication of this PEG Appendix Version 2.0 and by way of illustration only, be for the purposes of the GRTgaz Balancing Zones equal to the amount charged by GRTgaz for the Daily Imbalance Deficit ("Déficit de Bilan Journalier");