Examples of Cumulative Steering Difference in a sentence
The Operators may agree to exclude the Cumulative Steering Difference Correction from the Agreed Target Quantity in respect of a Gas Flow Day in respect of which an Exceptional Event or a Gas Deficit Emergency has been notified.
Where (in accordance with the measurement provisions of the Interconnection Agreement) a revision is made, on any Day (N) up to and including the Exit Close-out Date, to the Measured Quantity for Day D, the amount by which the Measured Quantity for Day D is revised shall be taken into account in calculating the Cumulative Steering Difference for Day N+1 (and/or for Days subsequent to Day N+1) in accordance with the provisions of the Interconnection Agreement governing the Operational Balancing Account.
In the event that the Daily Metered Quantity is revised in respect of one or more Gas Flow Days, the Cumulative Steering Difference for the Gas Flow Day on which the revision is agreed or determined shall be revised by an equivalent amount.
If the correction of an error for a Day under paragraph 4 of Annex C of either Tripartite Agreement gives rise to a change in the calculation of the Steering Difference for the Day, the amount of the change shall be added to the Cumulative Steering Difference for the Day on which the error was corrected.
For the purposes of deciding whether the requirement in paragraph 3.1.1(a) is met in relation to a Day (D), the Cumulative Steering Difference for Day D shall be determined on the basis of the Measured Quantity for Day D as first determined (in accordance with the Measurement Provisions of the Interconnection Agreement) following the end of Day D; and that decision shall not be revised by reason of any subsequent revision to the Measured Quantity.
Formatted: Indent: Left: 1.27 cm, No bullets or numberingplus, in each case with effect from the time on the Day that the CSD is established in accordance with paragraph 3.1, the Cumulative Steering Difference Correction for the Day.
Currently, Exit Flow Profiles sent to National Grid by GNI(UK) contain an End of Day quantity based purely on the aggregation of the prevailing net shipper nominations for the island of Ireland, Stranraer, and any Operational Balancing Account (OBA) Cumulative Steering Difference (CSD) correction.
If the Operator owing any Cumulative Steering Difference (i) becomes insolvent or (ii) on termination of this Agreement does not return such Cumulative Steering Difference, the Operator to which it is owed will be entitled to make a financial claim against the first Operator in respect of the value of the gas comprising the Cumulative Steering Difference.
If this Agreement is terminated then (unless the Operators agree otherwise) the Operators will ensure gas flows before or at the time of termination such that any Cumulative Steering Difference at the time is returned to the Operator to which it is owed.
Therefore the IA may provide that the Adjacent TSO’s determination should be applied in respect of allocations for Users, on the proviso that the net sum of such allocations is equal to the Measured Quantity, adjusted for any correction to the Cumulative Steering Difference that the TSOs may have scheduled for that Day.