Entry Capacity Trade definition

Entry Capacity Trade means an arrangement between a Transferor Shipper and a Transferee Shipper whereby certain of the rights of the Transferor Shipper in relation to Entry Capacity may be exercised by the Transferee Shipper in accordance with the provisions of this Code and the Transferee Shipper shall be subject to certain obligations in relation to such capacity.
Sample 1Sample 2Sample 3

Examples of Entry Capacity Trade in a sentence

  • The transfer of capacity does not require any further activities to be undertaken such as physical disconnection, or the removal of the ASEP from National Grid’s Transporter Licence (Special Condition 5F,27, Table 4B).Although entry capacity is permitted to be transferred (traded) between ASEPs, in accordance with the Entry Capacity Trade & Transfer Methodology4, it is only permitted where all obligated entry capacity at the recipient ASEP has been sold.

  • The capacity methodologies are:  Entry Capacity Substitution Exit Capacity Substitution Exit Capacity Revision Entry Capacity Transfer Entry Capacity Trade Special Condition 9A.3(c) – This obligation requires these methodologies to be set out in the “Capacity Methodology Statements” and that they are approved by the Authority.

  • We therefore consent to the proposed housekeeping modifications to the Entry Capacity Substitution; Exit Capacity Substitution and Exit Capacity Revision; and Entry Capacity Transfer and Entry Capacity Trade Methodology Statements, described in your letter, being submitted to us for approval unaccompanied by a statement from an Independent Examiner, in accordance with Special Condition 9A.7 of the Licence.

  • Panel Members observed that the Entry Capacity Trade & Transfer Methodology is a mechanism to transfer capacity from one shipper to another and to release additional incremental capacity at the recipient point.The Panel Chair asked for input from the Proposer’s representative who confirmed that the Entry Capacity Trade & Transfer Methodology is related to release of capacity and National Grid having the ability to use capacity which needs to be used elsewhere for incremental build.

  • Transfer of Entry Capacity to an ASEP where obligated entry capacity remains unsold (Waters Wye – NW)Nick Wye (NW) provided an outline of the proposal, highlighting that currently the Entry Capacity Trade and Transfer Methodology only allows for capacity to be moved from one ASEP to another ASEP where all obligated entry capacity (at the recipient ASEP) has been sold.

  • Even worse, the time for people to adopt and use 5G technology would be delayed.

  • It was noted that in this situation a Shipper wants to retain capacity but move it to be used elsewhere, therefore changing the Entry Capacity Trade & Transfer Methodology may not be the right answer.

  • Proposed changes You told us that you have recently reviewed the five methodologies3 and identified that only minor, housekeeping changes are required for the Entry Capacity Substitution Methodology, Exit Capacity Substitution and Exit Capacity Revision Methodology, and Entry Capacity Transfer and Entry Capacity Trade Methodology.

  • ENTRY CAPACITY TRADES113.1 General|113.2 Entry Capacity Trade Update143.3 Entry Capacity Trade Reduction164.

  • NW clarified that the capacity at that ASEP would be abandoned, however the ASEP may still be connected and not decommissioned.Laura Johnson (LJ) asked about the possibility of the ASEP wanting to buy capacity at a future date.NW explained the process of calculating the transfer Exchange Rate, and that National Grid would calculate the relevant Exchange Rate for each transfer request in line with the existing methodology set out in the Entry Capacity Trade & Transfer Methodology.

Related to Entry Capacity Trade

  • Idle capacity means the unused capacity of partially used facilities. It is the difference between: (a) that which a facility could achieve under 100 percent operating time on a one-shift basis less operating interruptions resulting from time lost for repairs, setups, unsatisfactory materials, and other normal delays; and (b) the extent to which the facility was actually used to meet demands during the accounting period. A multi-shift basis should be used if it can be shown that this amount of usage would normally be expected for the type of facility involved.

  • Nameplate Capacity means the maximum electrical generating output (in MWe) that a generator can sustain over a specified period of time when not restricted by seasonal or other deratings as measured in accordance with the United States Department of Energy standards.

  • Storage Capacity means any combination of space, injectability and deliverability.

  • Design capacity means the volume of a containment feature at a discharging facility that accommodates all permitted flows and meets all Aquifer Protection Permit conditions, including allowances for appropriate peaking and safety factors to ensure sustained, reliable operation.

  • Installed Capacity or 'IC’ means the summation of the name plate capacities of all the units of the generating station or the capacity of the generating station (reckoned at the generator terminals), approved by the Commission from time to time;