Balancing Settlement definition

Balancing Settlement means the modification by the Balancing Operator of the Market Balancing Position and of the Network User Balancing Position in order to bring the Market Balancing Position within the Market Threshold (Within-day) or to zero (End-of-Day).
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Examples of Balancing Settlement in a sentence

  • Tariff changes adopted by the April 29th First Daily Balancing Settlement were approved by Decision (D.) 16-06-021, implemented on June 1, 2016, and were to remain effective through November 30, 2016.

  • Therefore, we conclude that it is appropriate to extend the Second Daily Balancing Settlement Agreement beyond November 30, 2018.

  • The Joint Parties note that A.18-07-024 includes a new proposed relianility framework that will be critiqued by the Parties..16 SoCalGas and SDG&E argue that the provisions of the Second Daily Balancing Settlement should only be extended for an additional 12 months.

  • Extending the Second Daily Balancing Settlement will help maintain operational provisions on the SoCalGas system because the current situation at Aliso Canyon may cause disruptions to reliability.

  • The first time the settlement was extended by eight months and the second time it was extended by 12 months.20 Continuing to have to address the Second Daily Balancing Settlement every eight to 12 months is not an efficient use of Commission resources.

  • Following the Balancing Settlement Code (BSC), the ratio of transmission losses is allocated as follows: 45% to non-interconnector BM Units in Delivering Trading Units (generator’s share) and 55% to non- interconnector BM Units in Offtaking Trading Units (supplier’s share).

  • SoCalGas and SDG&E noted that they were not opposed to extending the terms of the Second Daily Balancing Settlement, but stress that there are a multitude of proceedings for the Commission and the parties to work to address system operations in holistic manner.

  • EBSPh,z Excess Balancing Settlement Price (EBSPh,z) – hourly value per Zone; determined in accordance with 3.2.3; expressed in €/kWh.The Excess Balancing Settlement Price (EBSPh,z) will be published for each within-day Market Excess on the Electronic Data Platform of the Balancing Operator.

  • On October 20, 2016, SoCalGas and other settling parties filed a joint motion for approval of the Second Daily Balancing Settlement Agreement.

  • EBSPh,z Excess Balancing Settlement Price (EBSPh,z) – hourly value per Zone; determined in accordance with 3.2.3; expressed in €/kWh. The Excess Balancing Settlement Price (EBSPh,z) will be published for each within-day Market Excess on the Electronic Data Platform of the Balancing Operator.

Related to Balancing Settlement

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Remarketing Settlement Date means the date of the settlement of any Successful Remarketing, which will be three Business Days after such Remarketing.

  • Combination Settlement shall have the meaning specified in Section 14.02(a).

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour.

  • securities settlement system means a securities settlement system (as defined in the CSD Regulation) operated by a central securities depository;

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Purchase Contract Settlement Fund has the meaning specified in Section 5.5.

  • Resettlement means the impact of an involuntary taking of land under the Project, which taking causes affected persons to have their: (i) standard of living adversely affected; or (ii) right, title or interest in any house, land (including premises, agricultural and grazing land) or any other fixed or movable asset acquired or possessed, temporarily or permanently; or (iii) access to productive assets adversely affected, temporarily or permanently; or (iv) business, occupation, work or place of residence or habitat adversely affected, temporarily or permanently.

  • Purchase Contract Settlement Date means [ ].

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Share Settlement means a number of shares of Class A Common Stock equal to the number of Redeemed Units.

  • Physical Settlement shall have the meaning specified in Section 14.02(a).

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Termination Settlement Date means, for any Terminated Obligation, the date customary for settlement, substantially in accordance with the then-current market practice in the principal market for such Terminated Obligation (as determined by the Calculation Agent), of the sale of such Terminated Obligation with the trade date for such sale occurring on the related Termination Trade Date.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Early Settlement has the meaning specified in Section 5.9(a).

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Individual Settlement Payment means the amount payable from the Net

  • Monthly Settlement Date means the 25th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

  • Net Share Settlement means the settlement method pursuant to which an exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, a number of shares of Common Stock equal to the Net Share Amount without any payment therefor.

  • Energy Settlement Area means the bus or distribution of busses that represents the physical location of Network Load and by which the obligations of the Network Customer to PJM are settled.