Energy Balancing Charges definition

Energy Balancing Charges means Market Balancing Action Charges, other charges payable in respect of Eligible Balancing Actions pursuant to Contingency Balancing Arrangements, Physical Renomination Incentive Charges, Clearing Charges in respect of Unauthorised Gas Flows, Balancing Charges, Balancing Neutrality Charges, Reconciliation Clearing Charges, User Aggregate Reconciliation Clearing Charges and Reconciliation Neutrality Charges;
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Energy Balancing Charges means Market Balancing Action Charges, other charges payable in respect of Eligible Balancing Actions pursuant to Contingency Balancing Arrangements, Physical Renomination Incentive Charges, Clearing Charges in respect of Unauthorised Gas Flows, Balancing Charges, Balancing Neutrality Charges, Reconciliation Clearing Charges, User Aggregate Reconciliation Clearing Charges andReconciliation Neutrality Charges;
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Energy Balancing Charges means Market Balancing Action Charges, other charges
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Examples of Energy Balancing Charges in a sentence

  • Outstanding Relevant Balancing Indebtedness is defined as invoiced, unpaid Energy Balancing Charges and accrued Energy Balancing Charges for the period that has yet to be invoiced (EBCR Section 2.1a).ICE Endex is unable to provide this Security because it will discharge its obligations as Trading System Clearer by relying on ICE Clear to provide clearing and settlement services.

  • Recent EventsThe potential exposure of Suppliers (acting pursuant to a Supplier Undertaking) to Energy Balancing Charges at the System Marginal Price (buy), was expected to act as an incentive for Suppliers to secure arrangements with a new Shipper User at the earliest opportunity if its existing Shipper User is terminated.

  • The UNC (TPD Sections X.2.3.1 and X.2.2.3) requires Users to provide “Security” i.e. letters of credit or cash by way of security for a User's indebtedness for Energy Balancing Charges in accordance with the Energy Balancing Credit Rules (EBCR).

  • A Code Credit Limit is the amount representing a Users maximum permitted Relevant Code Indebtedness being the aggregate amount, other than Energy Balancing Charges, for which a User is liable to Transco.

  • The financial risk to the balancing neutrality account is also increased, given that there is a time-lag of up to two and a half months between settlement of energy balancing trades and subsequent recovery of the costs via Energy Balancing Charges.

  • Following five properties are found among the most relevant [32]: CharacteristicExplanation EfficiencyIt is referred to the system resource consumption (computer processor, memory, slow devices, networks and to some extent even user interaction) which must be the lowest possible.

  • A Code Credit Limit is the amount representing a Users maximum permitted Relevant Code Indebtedness being the aggregate amount, other than Energy Balancing Charges, for which a User is liable to a Transporter.

  • Tthe Energy Balancing Credit Rules provide for the specified forms and the basis on which a User may provide a letter of credit or cash by way of security for the User's indebtedness in respect of Energy Balancing Charges.

  • There is also a risk to the market that National Grid NTS would be unable to fulfil its residual balancing role due to a lack of liquidity and increases the scope / volume associated to the Residual Balancer role.This materially increases the financial risk to the balancing neutrality account, given that there is a time-lag of up to two and a half months between settlement of energy balancing trades and subsequent recovery of the costs via Energy Balancing Charges.

  • Hence the Energy Balancing Charges (payable by Gas Supplier pursuant to the Undertaking) operate on the assumption of the relevant Gas Supplier delivering no (zero) gas to the Total System on each of the relevant days.


More Definitions of Energy Balancing Charges

Energy Balancing Charges means Market Balancing Action Charges, other charges payable in respect of Eligible Balancing Actions pursuant to Contingency Balancing
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Energy Balancing Charges means Energy Balancing Charges (as defined in the Uniform Network Code) or, where the Transportation Arrangement was not made on the terms of the Uniform Network Code, the equivalent charges (in respect of quantities, or the difference between quantifies, delivered to and offtaken from National Grid NTS pipeline system (as defined in the Uniform Network Code));
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Related to Energy Balancing Charges

  • Bond Service Charges means principal, including mandatory sinking fund requirements for retirement of obligations, and interest, and redemption premium, if any, required to be paid by the state on obligations.

  • Electricity Charges means service charges in respect of the provision of electricity.

  • Recurring Charges means where you allow a Merchant to bill your Account for a specified or unspecified amount, at regular or irregular intervals for goods or services;

  • Installation Charges means those Charges set out in the Order in relation to installation of the Service and/or any Purchased Equipment, Customer Equipment and/or BT Equipment as applicable.

  • Financing Costs means for each calendar day the product of:

  • Service Charges means the fees levied by the municipality in terms of its tariff policy for any municipal services rendered in respect of an immovable property and includes any penalties, interest or surcharges levied or imposed in terms of this policy.

  • Net energy metering means measuring the difference, over the net metering period, between (i)