Balancing Code definition

Balancing Code means the document containing the operational balancing rules as approved or validated by XXXX for L-zone and by ILR and XXXX for H-zone and published by the Balancing Operator on its website.
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Balancing Code means Commission Regulation (EU) No 312/2014 of 26 March 2014 establishing a Network Code on Gas Balancing of Transmission Networks;
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Balancing Code means Commission Regulation (EU No. 312/2014 of 26 March 2014) establishing a network code on gas balancing of transmission networks; “Business Day” means a day (other than a Saturday or Sunday) on which banks are open for business in Dublin;
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Examples of Balancing Code in a sentence

  • The Parties shall at all times provide each other all such information as may be necessary or useful to enable each Party to exercise its rights and to carry out its obligations under this Agreement and in accordance with the Balancing Code.

  • Balancing Operator will notify the TSOs of the BeLux Area of the signing, of any non-compliance by the Network User with the obligations assumed in this Agreement (including the Balancing Code), the rescission, the termination, the annulment, any Force Majeure event, or the resumption of performance of the Agreement as well as any event or circumstance it deems relevant in this respect.

  • The Agreement, the Balancing Code and the Balancing Program may be changed from time to time.

  • The Agreement, the Balancing Code and the Balancing Programme may be changed from time to time.

  • This chapter sets out the scope of the Balancing Code and provides the defined terms.

  • In addition to the BeLux Integrated Market Model, this document (the Balancing Program) describes the Balancing Services offered by Balansys in within the BeLux area in accordance with the Balancing Agreement and the Balancing Code.

  • Whilst the Balancing Code is focused on a daily balancing regime it is recognised that in some systems it might be necessary to have tighter network user responsibilities than are implied by a daily regime.This chapter therefore provides that a TSO may be entitled to apply within day obligations where it is necessary to ensure system integrity and to minimize its need to take balancing actions.

  • The main provisions of the Balancing Code apply from 1 October 2015.

  • Within two years of entry into force of the Balancing Code (i.e. April 2016) TSOs shall perform a cost benefit analysis to assess whether increasing the frequency of information provision, reducing the related timelines of information provision and improving the accuracy of the information scenario might be justified.

  • The Network User acknowledges that regulations regarding Balancing (including applicable legal provisions and the Balancing Code) are evolving.

Related to Balancing Code

  • IMDG Code means the International Maritime Dangerous Goods Code, for the implementation of Chapter VII, Part A, of the International Convention for the Safety of Life at Sea, 1974 (SOLAS Convention), published by the International Maritime Organization (IMO), London;

  • Metering Code means the Metering Code prepared by the Board andapproved by the Commission, as from time to time revised, amended, supplemented or replaced with the approval of, or at the instance of, the Commission;

  • Disabling Code means any virus, back door, timer or other limiting routine, instruction or design, or other malicious, illicit or similar unrequested code that may have the consequence (whether by design or unintentionally) of disrupting, disabling, harming, circumventing security controls or otherwise impeding in any manner the normal operation or performance of (i) any software or service or (ii) any UNICEF information system or network.

  • Settlement System Code means the specifications, standards, methods, calculations and conventions established under the AUC Settlement System Code Rule 021, as amended or replaced from time to time;

  • Safety Management System means a systematic approach to managing safety, including the necessary organisational structures, accountabilities, policies and procedures;

  • Trade Agreements means any applicable trade agreement to which Ontario is a signatory.

  • QR Code means a matrix barcode that links to information about a battery model;

  • JORC Code means the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia, as amended;

  • IBC Code means Insolvency and Bankruptcy Code, 2016 as amended from time to time;

  • Interconnection arrangements means arrangements governing the physical connection of two or more networks to allow the use of another's network to hand off traffic where it is ultimately delivered (e.g., connection of a customer of telephone provider A to a customer of telephone company B) or sharing data and other information resources.

  • Network Code means the network code prepared by National Grid pursuant to its gas transporters licence, as such code may be amended from time to time in accordance with the terms thereof and which incorporates the Uniform Network Code;

  • Standard Interface means an interface that either is an official standard defined by a recognized standards body, or, in the case of interfaces specified for a particular programming language, one that is widely used among developers working in that language.