Balancing Compensation definition
Balancing Compensation means the amount payable 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 Compensation means the amount payable in respect of a Day by the Relevant Network Operator under the TC to a Shipper with a positive Daily Imbalance equal solely to the excess of the Delivered Quantity over the Contract 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 Compensation means the amount payable in respect of a Day by the Relevant Network Operators under the TCs to a Shipper with a positive Daily Imbalance equal solely to the excess of the Delivered Quantity over the Contract Quantity, assuming that the Shipper has not booked an Optional Balancing Service;
More Definitions of Balancing Compensation
Balancing Compensation means the amount payable 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, Balancing Compensation shall not include amounts paid or payable to a Shipper in respect of Cumulative Imbalances and shall, as at the date of the 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 price paid by GRTgaz for the Daily Imbalance Excess ("Excédent de Bilan Journalier");