Balancing Gas definition

Balancing Gas means Gas purchased as part of a Balancing Gas Call, or sold as part of a Balancing Gas Put, by MDL.

Balancing Gas means Gas used to manage line pack on a Transmission Pipeline.

Balancing Gas means any Gas taken during a Day which is in excess of the Authorized Quantity, subject to Section 13.2 (Provision of Gas Balancing).

Examples of Balancing Gas in a sentence

• This is referred to as Hydraulic Balancing Gas Option (HEG, HEGO) by the Trading Platform (KP) and the Grid Code.

• Balancing Gas Price (Seller) ($/GJ) Insert the price payable by the Seller for Pipeline Commodity Imbalance in $/GJ.

• Balancing Gas Price (Buyer) ($/GJ) Insert the price payable by the Buyer for Pipeline Commodity Imbalance in $/GJ.

• This is referred to as Hydraulic Balancing Gas Option (HEG, HEGO) by the Daily Natural Gas and Capacity Market (NFKP) and the Grid Code.

• First Gas shall invoice the Interconnected Party in respect of the previous (and any prior) Month, on or before: the 10th Day of each Month for the Charges payable; and/or the 14th Day of each Month (or as soon thereafter as is practicable) for the OBA Charges payable (if applicable), provided that where the Balancing Gas Charges for a Month are less than the Balancing Gas Credits for that Month, First Gas will credit the difference against any Balancing Gas Charges payable the following Month.

More Definitions of Balancing Gas

Balancing Gas means Natural Gas pursuant to a Balancing Gas Contract;

Balancing Gas means Natural Gas acquired or relinquished or to be acquired or relinquished by the Transporter for the purposes set out in Part E (Balancing and Shrinkage) Section 1.1;

Balancing Gas means gas which, during the balance period, has been introduced into the transmission network or released from that network and which is purchased or sold by the system operator for the purpose of maintaining the operational capacity of the network. The quantity of the balancing gas purchased or sold during the balance period is calculated in energy units as the difference between the quantities of gas that have been introduced into and released from the transmission network during the balance period.

Balancing Gas means Gas used to manage line pack on a Transmission Pipeline purchased as part of a Balancing Gas Call, or sold as part of a Balancing GasPut, by MDL.

Balancing Gas. The quantity of Natural Gas imported into the NNGTS or received by NNGTS in the context of a Balancing Action effected by the Operator with the intention of balancing deliveries/receipts of Natural Gas to/from the National Transmission System and ensuring the safe, smooth and productive operation of such system.

Balancing Gas is defined in Section 3.4.

Balancing Gas is defined in Section 3.4. Balancing Gas does not include Gas which Buyer is not obligated to purchase from each Seller but which Buyer chooses to purchase from each Seller.