Balancing Group definition

Balancing Group means, in accordance with article L.321-15 of the French Code de l’énergie and the Balance Responsible Entity Regulations, all means of power injection into and of power withdrawal from the transmission or distribution network the Balance Responsible Entity is responsible for.
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Balancing Group shall have the same meaning as balancing group in the English translation of the TCs;
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Balancing Group means a balancing group pursuant to Section 3 number 10a of the Energy Industry Act,
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Examples of Balancing Group in a sentence

  • A Conversion Neutrality Charge in EUR per MWh shall be charged based on all daily gas quantities physically delivered to a Balancing Group.

  • The SLP Balancing Neutrality Charge shall be borne by all Balancing Group Managers supplying gas at SLP Exit Points.

  • In the above cases the Balancing Group Manager shall not be entitled to request use of the relevant web-based communication channel.

  • The Market Area Manager shall accept direction-specific input and output nominations for the VTP in respect of quantities to be recorded in a Balancing Group.

  • Each Balancing Group invoice shall be issued no later than 2 months after the end of the relevant billing month.

  • The Balancing Group Manager shall be deemed to have accepted any such amendment of the contract terms and conditions unless the Balancing Group Manager terminates this contract within 15 Business Days of being notified thereof.

  • The Market Area Manager shall notify the Balancing Group Manager of the amended contract terms and conditions in Text Form no later than 2 months before the effective date of the relevant amendments and shall publish the amended contract terms and conditions on its website.

  • The Market Area Manager shall publish any changes on its website and shall generally notify the Balancing Group Manager thereof by email no later than 1 month ahead of the first day of the month from which the relevant change is to take effect.

  • If the address, company name or legal form of the Balancing Group Manager changes, the Balancing Group Manager shall submit an updated registration certificate issued by the relevant customs administration office.

  • Balancing Group Managers who have registered Balancing Groups both for high CV gas and low CV gas within a market area shall be required to link these Balancing Groups.


More Definitions of Balancing Group

Balancing Group means a group made up of one or more electricity market participants whose imbalances fall under the responsibility of a single balancing group responsible party;
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Balancing Group means a group of system users with respect to which the volume imbalances of the injection and off-take of natural gas are offset and calculated within a billing period;
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Balancing Group means a group of two or more balance responsible parties where one of the participants is selected to consolidate forecasts, submit and financially settle group imbalances with OST, in accordance with Applicable Laws, in particular the Provisional Balancing Rules;
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Related to Balancing Group

  • balancing means (in relation to the Network and any relevant period for balancing under the Network Code) taking such measures as may be available to the Licensee, in particular, measures:

  • SAP Group means SAP Parent and any of its Associated Companies.

  • User Group means (a) you; (b) any entity or individual that Stripe reasonably determines is associated with you; and (c) each of your and their Affiliates; that has entered into an agreement with Stripe (or an Affiliate of Stripe) under which Stripe or its Affiliate provides services.

  • Gas Balancing Agreement means any agreement or arrangement whereby any Credit Party, or any other party having an interest in any Hydrocarbons to be produced from Mineral Interests in which any Credit Party owns an interest, has a right to take more than its proportionate share of production therefrom.

  • banking group means the New Zealand business of the registered bank and its subsidiaries as required to be reported in group financial statements for the group’s New Zealand business under section 461B(2) of the Financial Markets Conduct Act 2013.

  • Imbalance Energy means the amount of energy in MWh, in any given Settlement Period or Settlement Interval, by which the amount of Facility Energy deviates from the amount of Scheduled Energy.

  • SpinCo Group means (a) prior to the Effective Time, SpinCo and each Person that will be a Subsidiary of SpinCo as of immediately after the Effective Time, including the Transferred Entities, even if, prior to the Effective Time, such Person is not a Subsidiary of SpinCo; and (b) on and after the Effective Time, SpinCo and each Person that is a Subsidiary of SpinCo.

  • Selling Group has the meaning ascribed thereto in Section 2.2;

  • Customer Group means Customer and any of its Affiliates established and/or doing business in the EEA, or United Kingdom;

  • DBS Group means DBS Bank Ltd, its subsidiaries, affiliates, branches and related companies.

  • Working Group means representatives of the Applicable Registry Operators and other members of the community that the Registry Stakeholders Group appoints, from time to time, to serve as a working group to consult on amendments to the Applicable Registry Agreements (excluding bilateral amendments pursuant to Section 7.6(i)).

  • Lender Group Representatives has the meaning specified therefor in Section 17.9 of the Agreement.

  • Member means a member of the Board;

  • Service Group means any one or more (as the context may require) of the service groups described in this Schedule;

  • Joint service arrangements means agreements between or

  • Xxxx Group means collectively Xxxx Capital Fund V, L.P., Xxxx Capital Fund V-B, L.P., BCIP Associates, BCIP Trust Associates, L.P. and Xxxxxxxx Street Partners.

  • Provider Group means a medical group, independent

  • Remainco Group means RemainCo and its Subsidiaries, other than the SpinCo Group.

  • Seller Group means, at any time, the group of companies comprised of Xxxxx Fargo & Company and its subsidiaries at that time.

  • the Group means the Company and its subsidiary undertakings (if any); and

  • Supplier Group means the Supplier, its Affiliated Companies, its subcontractors and its and their respective employees, officers, directors, representatives, agents and invitees.

  • SAP Group Software means (i) any and all software products listed on the Price List as well as any SAP SDK which are provided by SAP or any other member of the SAP Group to Partner or to an End User (either directly or indirectly via Partner) under any part of this Agreement all as developed by or for the SAP Group; (ii) any new releases, updates or versions thereof made available through unrestricted shipment pursuant to Maintenance Services or warranty obligation by any member of the SAP Group; and (iii) any complete or partial copies of any of the foregoing.

  • Imbalances means over-production or under-production or over-delivery or under-delivery with respect to Hydrocarbons produced from the Properties, regardless of whether the same arise at the wellhead, pipeline, gathering system, transportation system, processing plant, or any other location, including any imbalances under gas balancing or similar agreements, production handling agreements, processing agreements, and/or gathering or transportation agreements.

  • Third-party logistics provider means an entity that provides

  • Purchasing group means any group which:

  • Xxxxx Group means Xxxxx and any Affiliate of Xxxxx.