Balancing Operator definition

Balancing Operator means the party performing the Balancing in the BeLux Area.

Balancing Operator means the party in charge of the balancing activities within the BeLux Zone, namely Balansys.

Balancing Operator means Snam Rete Gas;

Examples of Balancing Operator in a sentence

• 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.

• By signing this Agreement, each of Balancing Operator and Network User acknowledges to have taken knowledge of the content of the BeLux integrated market model and of the Balancing Program.

• If accepted, the Balancing Operator shall inform the competent Regulators.

• The Network User hereby warrants to the Balancing Operator that it holds any and all licenses, permits and authorisations required under applicable law to subscribe Balancing Services and that it shall use its reasonable endeavours to maintain such licenses, permits and authorisations throughout the duration of this Agreement.

• If any provision or sub-provision of this Agreement is found to be invalid, illegal or unenforceable, the Balancing Operator will change the provision or sub-provision in question in application of Article 7 of the Agreement, to the extent required to make it valid, enforceable and legal.

• Whenever Network User becomes aware that any information provided to Balancing Operator is inaccurate or incomplete, it shall promptly inform the Balancing Operator thereof and provide corrected data.

• By signing this Agreement, each of Balancing Operator and Network User agree to be bound by all provisions set out herein and in the General Conditions.

• The Network User shall make the cash deposit on the bank account identified by the Balancing Operator and to such deposit in cash shall accrue a monthly interest that will be imputed or charged to the Network User, calculated as from the first day of the deposit.

• The Balancing Operator hereby warrants to the Network User that it holds any and all authorisations and rights required under applicable law to perform the Balancing within the BeLux Area.

• The Network User may terminate this Agreement by giving prior written notice to the Balancing Operator and under the condition that all the Services subscribed under the STA and/or CCF and for which, according to Article 6 of this Agreement, the adherence to and due performance under this Agreement is required, have been terminated or have ended.

More Definitions of Balancing Operator

Balancing Operator means the person or persons appointed by MDL as the balancing operator of the Maui Pipeline from time to time.

Balancing Operator. (‘BO’) means any entity responsible for balancing or monitoring checks related to balancing and creditworthiness, depending on the national circumstances, such as TSOs, MAMs or any third entity (eg. Austria, UK). ACER and ENTSOG acknowledge that the same rules of the BAL NC that apply to TSOs, do apply to the entities in charge of balancing, according to Article 4(4) of the BAL NC.

Balancing Operator means the person or persons appointed by MDL in accordance with section 11 as the balancing operator of the Maui Pipeline from time to time.

Balancing Operator means Balansys SA who is the provider of balancing services in the H-Zone, pursuant to the integration of the high-calorific transmission grids of Belgium and Luxembourg, or any successor entity;