Examples of Firm NTS Entry Capacity in a sentence
National Grid will assess the risks and rewards associated with releasing the quantity of Firm NTS Entry Capacity requested in order to determine the quantity to be released and allocated to Shipper Users.
However, Firm NTS Entry Capacity may be made available through the release of Non-obligated Entry Capacity pursuant to Chapter 8.
Amend paragraph 2.7.1 to read as follows: 2.7.1 Following the submission of monthly capacity bids, daily capacity bids and daily interruptible capacity bids, NTS Entry Capacity will be allocated for a relevant short term period in accordance with this paragraph 2.7. For the avoidance of doubt, this paragraph 2.7 shall not apply to applications for Long Term Non Firm NTS Entry Capacity made pursuant to paragraph 2.1.15.
For the purposes of the Overrun charge calculation, the price paid for Firm NTS Entry Capacity released in response to the Long Term Non Firm Capacity request will be considered to be a bid price.
Amend paragraph 2.1.4 (a) as follows: 2.1.4 In relation to an Aggregate System Entry Point: (a) "Quarterly NTS Entry Capacity" is Firm NTS Entry Capacity which may be applied for, or reserved under a PARCA pursuant to paragraph 1.14 and registered as held (in a given amount) by a User for each Day in a particular calendar quarter.
Where a PARCA has been entered into National Grid shall, on the allocation date specified in the PARCA, allocate the Firm NTS Entry Capacity effective from the registration date specified in the PARCA.
Reserved Entry Capacity does not constitute part of a User's Available Firm NTS Entry Capacity at an IP ASEP until it has been registered to that Shipper User, pursuant to an IP PARCA.
Please attach to this application a letter from the Authorised Officer or CEO of the organisation you will subcontract.
These quantities vary according to the release of incremental capacity (in the current and previous regulatory periods) so are not subject to frequent change; and the quantity of Firm NTS Entry Capacity sold and the available unsold quantity (taking into account Reserved Entry Capacity).
For the avoidance of doubt Long Term Non Firm NTS Entry Capacity is not available via any annual, monthly or daily auctions or the PARCA application process.