Balancing Mechanism means the balancing mechanism operated at the Agreement Date by the Transmission System Operator and designed to balance supply and demand for electricity in real time on the national electricity transmission system, and shall include any substitute or equivalent mechanism or arrangements;
Balancing Mechanism. “Black Start”; “Contract Year”; “CPC Compensation Shortfall”; “Curtailment”; “Curtailment Compensation”; “Curtailment Compensation Anniversary”; “Curtailment Compensation Excess”; “Curtailment Compensation Shortfall”; “Defined Curtailment Compensation”; “Defined Partial Curtailment Compensation”; “Emergency De-energisation Instruction”; “Imbalance Charge”; “Partial Curtailment”; “Partial Curtailment Compensation”; “Partial Curtailment Compensation Excess”; “Partial Curtailment Compensation Shortfall”; “Preliminary Annual QCPC Report”; “Qualifying CPC Event”; “Qualifying Curtailment”; “Qualifying Partial Curtailment”; and “Revised Annual QCPC Information”; and, if such definitions are so disapplied, any reference to any of the foregoing definitions in any other definition shall be disregarded.
Balancing Mechanism means the mechanism for the making and acceptance of offers and bids to increase or decrease the quantities of electricity to be delivered to, or taken off, the total system at any time or during any period so as to assist the system operator in coordinating and directing the flow of electricity onto and over the national electricity system and balancing the national electricity system pursuant to the arrangementscontained in the BSC; “Notified Electricity Generation” means the intended level of generation notified by the licensee to the system operator for a period pursuant to the notification arrangements established by BETTA and the BSC; “Relevant Arrangements” means arrangements entered into by the licensee and the system operator within the Balancing Mechanism, and the entering of such arrangements shall include the making of a bid by the licensee whether or not that bid is accepted by the system operator; “Transmission Constraint” means any limit on the ability of the National Electricity Transmission System, or any part of it, to transmit the power supplied onto the National Electricity Transmission System to the location where the demand for that power is situated, such limit arising as a result of factors such as:
Examples of Balancing Mechanism in a sentence
At present these actions are taken in the Balancing Mechanism in the form of bids, and also via ancillary services, such as Pre-Gate Closure Balancing Mechanism Unit Transactions (PGBTs).
Part B sets out the broad definitions of Balancing Services, the general principles we expect to follow in procuring such services, the relationship between various Balancing Services and a description of actions that will be taken outside of the Balancing Mechanism (BM).
The Medical Center will post a list of vacancies 7 covered by this Agreement to be filled.
Balancing Mechanism (BM) The mechanism by which the electricity System Operator procures commercial services (Balancing Services) from generators and suppliers post gate closure, in accordance with the relevant provisions of the Balancing and Settlement Code (BSC) and the Grid Code.
Sets out the rules for governing the operation of the Balancing Mechanism and the Imbalance Settlement process and also sets out the relationships and responsibilities of all electricity market participants.
More Definitions of Balancing Mechanism
Balancing Mechanism means the mechanism for the making and acceptance of offers and bids pursuant to the arrangements contained in the BSC and referred to in paragraph 2(a) of standard condition C3 (Balancing and Settlement Code).
Balancing Mechanism means a mechanism used by the system operator to balance the supply and demand of electricity in real time on the power system by cost effective dispatching of generation and demand
Balancing Mechanism means the mechanism for the making and acceptance of offers and bids to increase or decrease the quantities of electricity to be delivered to, or taken off, the total system at any time or during any period so as to assist the ISOPsystem operator in coordinating and directing the flow of electricity onto and over the national electricity transmission system and balancing the national electricity system pursuant to the arrangements contained in the BSC “Balancing Mechanism Unit” means a unit of trade within the Balancing Mechanism “Minimum Zero Time” means either the minimum time that a Balancing Mechanism Unit which has been exporting must operate at zero or be importing, before returning to exporting or the minimum time that a BM Unit which has been importing must operate at zero or be exporting before returning to importing, as a result of a Bid-Offer Acceptance, such minimum time being as per the most recent notification by the licensee to the ISOPESO pursuant to the Grid Code “Operational Day” has the meaning given in the Grid Code “Physical Notification” means a notification of the intended level of generation made by the licensee to the ISOPsystem operator for a period pursuant tothe notification arrangements established by BETTA and the BSC “Relevant Arrangements” means arrangements entered into by the licensee and the system operatorISOP within the Balancing Mechanism, and the entering of such arrangements shall include the making of an offer by the licensee whether or not that offer is accepted by the system operatorISOP
Balancing Mechanism means the mechanism for the making and acceptance of offers and bids to increase or decrease the quantities of electricity to be delivered to, or taken off, the total system at any time or during any period so as to assist the system operator in coordinating and directing the flow of electricity onto and over the national electricity system and balancing the national electricity system pursuant to the arrangements contained inthe BSC;“Expiry Date”means 15 July 2017;“Generating Unit”means any apparatus which produces electricity; “National ElectricityT ransmission System”means the system consisting (wholly or mainly) of high voltage electric lines owned or operated by transmission licensees within Great Britain, in the territorial sea adjacent to Great Britain and in any Renewable Energy Zone and used for the transmission of electricity from one generating station to a sub-station or to another generation station or between sub- stations or to or from any interconnector and includes any electrical plant or meters owned or operated by any transmission licensee within Great Britain, in the territorial seaadjacent to Great Britain and in any Renewable Energy Zone in connection with the transmission of electricity;“Notified ElectricityGeneration”means the intended level of generation notified by the licenseeto the system operator for a period pursuant to the notification
Balancing Mechanism means the arrangements pursuant to which BSC Parties may make, and NGC may accept, offers or bids to increase or decrease the quantities of electricity to be delviered to or taken off the electricity transmission system or any distribution system in [F5Great Britain] at any time or during any period so as to assist NGC in operating and balancing
Balancing Mechanism means the arrangements pursuant to which BSC Parties may make, and NGC may accept, offers or bids to increase or decrease the quantities of electricity to be delviered to or taken off the electricity transmission system or any distribution system in England and Wales at any time or during any period so as to assist NGC in operating and balancing the electricity transmission system, and arrangements for the settlement of financial obligations arising from the acceptance of such offers and bids;
Balancing Mechanism means the mechanism for the making and acceptance of