Imbalance definition

Imbalance means the difference between Deliveries to KUB for a Customer and Redeliveries by KUB to the Customer.

Imbalance or “Imbalances” means any over-production, under-production, over-delivery, under-delivery or similar imbalance of Hydrocarbons produced from or allocated to the Purchased Assets, regardless of whether such over-production, under-production, over-delivery under-delivery or similar imbalance arises at the platform, wellhead, pipeline, gathering system, transportation system, processing plant or other location.

Imbalance means the difference between energy quantities of Gas received and Gas delivered, net of adjustments, in an Account each Gas Day;

Examples of Imbalance in a sentence

• Except as otherwise set forth below, Buyer (as Scheduling Coordinator for the Facility) shall be responsible for CAISO costs (including penalties, Imbalance Energy costs, and other charges) and shall be entitled to all CAISO revenues (including credits, Imbalance Energy revenues, and other payments), including revenues associated with CAISO dispatches, bid cost recovery, Inter-SC Trade credits, or other credits in respect of the Product Scheduled or delivered from the Facility.

• To the extent there is any Imbalance Energy, any payments or charges related to such Imbalance Energy shall be for the account of Buyer.

• Buyer and Seller recognize that in any given Settlement Period there may be Imbalance Energy.

• Imbalance Charges shall not be recovered under this Section 3.2, but Seller and/or Buyer shall be responsible for Imbalance Charges, if any, as provided in Section 4.3. The amount of such unfavorable difference shall be payable five Business Days after presentation of the performing party’s invoice, which shall set forth the basis upon which such amount was calculated.

• Balancing Service Provider shall have a valid Imbalance Settlement Agreement or Balancing Service Settlement Agreement with balancing settlement unit appointed by Fingrid during the validity of this Agreement.

More Definitions of Imbalance

Imbalance means over-production or under-production or over-deliveries or under-deliveries subject to a make-up obligation with respect to hydrocarbons produced from or allocated to the Properties, regardless of whether such over-production or under-production, or over-deliveries or under-deliveries, make-up obligations arise at the wellhead, pipeline, gathering system, transportation receipt point or other location and regardless of whether the same arises under contract or by operation of Law.

Imbalance means a measurement of the variation in distribution of mass around the centre axis of the tyre. It can be measured as either "Static" or "Dynamic" imbalance.

Imbalance means over-production or under-production or over-deliveries or under-deliveries on account of (a) any imbalance at the wellhead between the amount of Hydrocarbons produced from a Well constituting part of the Assets and allocable to the interests of Seller, and the shares of production from the relevant Well that are actually taken by or delivered to or for the account of Seller and (b) any marketing imbalance between the quantity of Hydrocarbons constituting part of the Assets and required to be delivered by or to Seller under any Contracts relating to the purchase and sale, gathering, transportation, storage, treating, processing, or marketing of Hydrocarbons and the quantity of Hydrocarbons actually delivered by or to Seller pursuant to the applicable Contracts.

Imbalance means any imbalance at the (a) wellhead between the amount of Hydrocarbons produced from a Well and allocable to the interests of SM Energy therein and the shares of production from the relevant Well to which SM Energy is entitled or (b) pipeline flange between the amount of Hydrocarbons nominated by or allocated to SM Energy and the Hydrocarbons actually delivered on behalf of SM Energy at that point.

Imbalance means any imbalance at the wellhead between the amount of Hydrocarbons produced from a Well and taken by and allocated to Seller and the amount of Hydrocarbons produced from a Well and allocable to Seller’s interest therein.

Imbalance shall be defined as the difference between the total MMBTU's of Gas received at the Receipt Point(s), less fuel and lost and unaccounted for gas, and the total MMBTU's of Gas allocated to Owner at the Delivery Point(s).

Imbalance means an energy volume calculated for a balance responsible party and representing the difference between the allocated volume attributed to that balance responsible party and the final position of that balance responsible party, including any imbalance adjustment applied to that balance responsible party, within a given imbalance settlement period;