Balancing Platform definition

Balancing Platform means a trading platform where a transmission system operator is a trading participant to all trades;
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Balancing Platform means an electronic platform used for the short-term trading of Gas, upon which TSP has both bidding and offering trading rights and on which TSP is counterparty to all trades.
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Balancing Platform means an electronic platform used for the short-term trading of Gas, upon which MDL has both bidding and offering trading rights and on which MDL is counterparty to all trades.
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Examples of Balancing Platform in a sentence

  • Article 47 describes the use of a Balancing Platform as a possible interim approach.

  • If a Trading Platform exists but offers only a subset of the STSPs which are relevant for the TSO, then this Balancing Platform can supplement the product set of the Trading Platform and co-exist with it.

  • Where attempts to establish a Trading Platform are unsuccessful the TSO shall take necessary measures towards the establishment of a Balancing Platform or a joint Balancing Platform.Incentive mechanisms can be introduced on the TSO so that it undertakes balancing actions efficiently or maximizes the undertaking of balancing actions through the trade in STSPs.

  • The TSO may then find itself in a position in which it will need to introduce a Balancing Platform for trading in these products.

  • Article 48 therefore permits a TSO to resort to balancing services, provided that a Balancing Platform cannot increase the liquidity of the market.

  • This would encourage price competition in balancing services as well as in the prices offered on the Balancing Platform.

  • Henfridsson, "Balancing Platform Control and External Contribution in Third-Party Development: The Boundary Resources Model", Information Systems Journal, 23(2), 2013, pp.

  • Without being too prescriptive on the TPO the refined draft Network Code seeks to provide sufficient guidance for the establishment of at least one Trading Platform in each Balancing Zone.Where a Trading Platform meeting the requirements of the Network Code cannot be (or is not likely to be) established, the TSO can opt to introduce and operate a Balancing Platform directly.

  • A., Henfridsson, O.: Balancing Platform Control and External Contribution in Third Party Development: The Boundary Resources Model.

  • In the separate appendixes, three topics are described in more detail that are related to a process or technology specific implementation of ancillary services:• Appendix I Prequalification process;• Appendix II Imbalance adjustments;• Appendix III Crowd Balancing Platform.


More Definitions of Balancing Platform

Balancing Platform means a Trading Platform where a TSO shall be a Trading Participant to all trades.
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Balancing Platform means a trading platform where a transmission system operator shall be a trading participant to all trades.
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Balancing Platform electronic system operated by a stock market operator enabling GRTgaz to go to the market in order to cover its network balancing needs.
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Balancing Platform means a trading platform on which flexible gas is bought and sold, balancing services are procured and the transmission system operator (TSO) is party to every trade.
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Balancing Platform means a Trading Platform used only for interim purposes and where a TSO shall be a Trading Participant to all trades.
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Balancing Platform electronic system operated by a stock market operator enabling GRTgaz to go to the market in order to cover its network balancing needs. B towards H Conversion Point B: virtual Delivery Point associated with Balancing Section B of the Balancing Zone Nord. B towards H Conversion Point H: virtual Entry Point associated with Balancing Section H of the Balancing Zone Nord. H towards B Conversion Point – Base Service - B: virtual Entry Point associated with Balancing Section B of the Balancing Zone Nord. H towards B Conversion Point – Base Service - H: virtual Exit Point associated with Balancing Section H of the Balancing Zone Nord. H towards B Conversion Point – Peak Service - B: virtual Entry Point associated with Balancing Section B of the Balancing Zone Nord. H towards B Conversion Point - Peak Service - H: virtual Exit Point associated with Balancing Section H of the Balancing Zone Nord.
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Related to Balancing Platform

  • Hosting Platform means a hosted infrastructure to run the Cloud Service.

  • online platform means a provider of a hosting service which, at the request of a recipient of the service, stores and disseminates to the public information, unless that activity is a minor and purely ancillary feature of another service and, for objective and technical reasons cannot be used without that other service, and the integration of the feature into the other service is not a means to circumvent the applicability of this Regulation.

  • Trading Platform means all programs and technology that present quotes in real-time, allow the placement/modification/deletion of orders and calculation of all mutual obligations of the Client and the Company.

  • Content Platform means all or any portion of a website containing written, video or photographic commentary, news or discussion on one or more particular topics (such as a blog) and that includes any Influencer Content.

  • Electronic Platform means such electronic and/or telecommunications facilities as may be approved by the Board from time to time that enable members to attend and participate simultaneously in a general meeting without attending a physical meeting place;

  • Platform has the meaning specified in Section 6.02.

  • Approved Electronic Platform has the meaning assigned to it in Section 8.03(a).

  • Suspended platform means a working platform suspended from supports by means of one or more separate ropes from each support;

  • Beam monitoring system means a system designed and installed in the radiation head to detect and measure the radiation present in the useful beam.

  • Platform Services means the products and services that Platform Users receive from a Stripe Connect Platform, regardless of whether fees are charged (e.g., web development, customer support or hosting services).

  • Platforms means collectively Bonitas’ websites, including affiliated websites and Member portals;

  • Routine use means the disclosure of a record without the consent of the subject or subjects, for a purpose which is compatible with the purpose for which the record was collected. It includes disclosures required to be made by statute other than the public records law, Iowa Code chapter 22.

  • Large Facility Interconnection Procedures or “LFIP”) shall mean the interconnection procedures applicable to an Interconnection Request pertaining to a Large Generating Facility that are included in Attachment X of the NYISO OATT. Standard Large Generator Interconnection Agreement (“LGIA”) shall mean this Agreement, the form of interconnection agreement applicable to an Interconnection Request pertaining to a Large Generating Facility, that is included in Attachment X of the NYISO OATT. System Deliverability Upgrades shall mean the least costly configuration of commercially available components of electrical equipment that can be used, consistent with Good Utility Practice and Applicable Reliability Requirements, to make the modifications or additions to Byways and Highways and Other Interfaces on the existing New York State Transmission System and Distribution System that are required for the proposed project to connect reliably to the system in a manner that meets the NYISO Deliverability Interconnection Standard at the requested level of Capacity Resource Interconnection Service. System Protection Facilities shall mean the equipment, including necessary protection signal communications equipment, required to (1) protect the New York State Transmission System from faults or other electrical disturbances occurring at the Large Generating Facility and (2) protect the Large Generating Facility from faults or other electrical system disturbances occurring on the New York State Transmission System or on other delivery systems or other generating systems to which the New York State Transmission System is directly connected. System Upgrade Facilities shall mean the least costly configuration of commercially available components of electrical equipment that can be used, consistent with Good Utility Practice and Applicable Reliability Requirements, to make the modifications to the existing transmission system that are required to maintain system reliability due to: (i) changes in the system, including such changes as load growth and changes in load pattern, to be addressed in the form of generic generation or transmission projects; and (ii) proposed interconnections. In the case of proposed interconnection projects, System Upgrade Facilities are the modifications or additions to the existing New York State Transmission System that are required for the proposed project to connect reliably to the system in a manner that meets the NYISO Minimum Interconnection Standard. Tariff shall mean the NYISO Open Access Transmission Tariff (“OATT”), as filed with the Commission, and as amended or supplemented from time to time, or any successor tariff. Trial Operation shall mean the period during which Developer is engaged in on-site test operations and commissioning of the Large Generating Facility prior to Commercial Operation.

  • Information processing system means an electronic system for creating, generating, sending, receiving, storing, displaying, or processing information.

  • Monitoring System means a system established by BNY to fulfill the Responsibilities specified in clauses (d) and (e) of Section 1 of Article III of this Agreement.

  • Fraud Monitoring System means an off-line administration system that monitors suspected occurrences of ABT- related fraud.

  • Generation Interconnection Request means a request by a Generation Interconnection Customer pursuant to Tariff, Part IV, subpart A, to interconnect a generating unit with the Transmission System or to increase the capacity of a generating unit interconnected with the Transmission System in the PJM Region.

  • Signaling System 7 (SS7 means a signaling protocol used by the CCS Network.

  • Interconnection Provider means PacifiCorp Transmission.

  • Digital Cross Connect System or "DCS" is a function which provides automated Cross Connection of Digital Signal Level 0 (DS0) or higher transmission bit rate digital channels within physical interface facilities. Types of DCS include but are not limited to DCS 1/0s, DCS 3/1s, and DCS 3/3s, where the nomenclature 1/0 denotes interfaces typically at the DS1 rate or greater with Cross Connection typically at the DS0 rate. This same nomenclature, at the appropriate rate substitution, extends to the other types of DCS specifically cited as 3/1 and 3/3. Types of DCS that cross connect Synchronous Transport Signal level 1 (STS-1 s) or other Synchronous Optical Network (SONET) signals (e.g., STS-3) are also DCS, although not denoted by this same type of nomenclature. DCS may provide the functionality of more than one of the aforementioned DCS types (e.g., DCS 3/3/1 which combines functionality of DCS 3/3 and DCS 3/1). For such DCS, the requirements will be, at least, the aggregation of requirements on the "component" DCS. In locations where automated Cross Connection capability does not exist, DCS will be defined as the combination of the functionality provided by a Digital Signal Cross Connect (DSX) or Light Guide Cross Connect (LGX) patch panels and D4 channel banks or other DS0 and above multiplexing equipment used to provide the function of a manual Cross Connection. Interconnection is between a DSX or LGX to a Switch, another Cross Connection, or other service platform device.

  • Electric System Upgrades means any Network Upgrades, Distribution Upgrades, or Interconnection Facilities that are determined to be necessary by the CAISO or Participating Transmission Owner, as applicable, to physically and electrically interconnect the Project to the Participating Transmission Owner’s electric system for receipt of Energy at the Point of Interconnection (as defined in the CAISO Tariff) if connecting to the CAISO Grid, or the Interconnection Point, if connecting to a part of the Participating TO’s electric system that is not part of the CAISO Grid.

  • Signaling System 7 (SS7) means a signaling protocol used by the CCS Network.

  • VPN means a virtual private network.

  • Subsystem means any subset of the System identified as such in the Contract that may be supplied, installed, tested, and commissioned individually before Commissioning of the entire System.

  • Generation Interconnection Facilities Study means a Facilities Study related to a Generation Interconnection Request.

  • Single tomogram system means a CT x-ray system which obtains x-ray transmission data during a scan to produce a single tomogram.