Interruptible VRF IP Exit Capacity means Unbundled capacity at an Interconnection Point which is Interruptible and in the Reverse Flow Direction and which may be applied for, allocated to and registered as held by a Shipper for a particular Gas Flow Day.
Interruptible VRF IP Exit Capacity means Unbundled capacity at an Interconnection Point which is Interruptible and in the Reverse Flow Direction and which may be applied for, allocated to and registered as held by a Shipper for a particular Gas Flow Day. 1A.3.3 In this section 1A, “Firm” refers to IP Capacity which may not be subject to curtailment and
Interruptible VRF IP Exit Capacity means Unbundled capacity at an Interconnection Point which is Interruptible and in the Reverse Flow Direction and which may be applied for, allocated to and registered as held by a Shipper for a particular Gas Flow Day. 1A.3.3 In this section 1A, “Firm” refers to IP Capacity which may not be subject to curtailment and “Interruptible” refers to IP Capacity which may be subject to curtailment. 1A.3.4 In this Code, an “IP Capacity Transaction” refers to: (a) the allocation of IP Capacity to a Shipper in an Auction; (b) voluntary bundling of IP Capacity in accordance with section 1A.10; (c) the transfer of IP Capacity in accordance with section 1A.11; or (d) the assignment of IP Capacity in accordance with section 1A.12. 1A.3.5 An IP Capacity Transaction must be for an amount of IP Capacity which is the same for each Day in the period to which the IP Capacity Transaction relates. 1A.3.6 In relation to IP Capacity that is subject to an IP Capacity Transaction, the “IP Capacity Duration” is the duration of the period to which that Transaction relates. 1A.3.7 The eligible IP Capacity Durations are: (a) Yearly, relating to a Gas Year; (b) Quarterly, relating to a Quarter; (c) Monthly, relating to a Month; and (d) Daily, relating to a Gas Flow Day. 1A.3.8 A reference to the “Class” of IP Capacity is to whether such IP Capacity is Firm or Interruptible. 1A.3.9 An “IP Capacity Period” is a particular period (of the relevant IP Capacity Duration) to which that IP Capacity Transaction relates. 1A.3.10 IP Capacity may be either bundled or unbundled as follows: (a) “Bundled” refers to IP Capacity which Shippers can obtain via Bids in a single Auction with Equivalent Interconnected System Capacity and/or which is otherwise registered by Premier Transmission as being held by a Shipper as bundled; (b) “Unbundled” refers to IP Capacity which may be obtained via Bids in an Auction and/or which is otherwise registered by Premier Transmission as being held by a Shipper and which is not Bundled IP Capacity. 1A.3.11 In this Code: (a) “Adjacent Transporter” means the operator of a transmission system connected to (or designated as connected to) the NI Network at an Interconnection Point and “Adjacent Transporters” shall be construed as including Premier Transmission at that Interconnection Point; (b) “Adjacent Transporter’s Rulebook” means the terms and conditions in force between the Adjacent Transporter and Shippers for use of the Interconnected System. 1A.3.12 In relation to Bu...
Examples of Interruptible VRF IP Exit Capacity in a sentence
Interruptible VRF IP Exit Capacity is allocated to and registered as held by Shippers in the Reverse Flow Direction only.
More Definitions of Interruptible VRF IP Exit Capacity
Interruptible VRF IP Exit Capacity means Unbundled IP Capacity which is interruptible and in the virtual reverse flow direction at an IP and which may be applied for and registered as held by a Shipper for a particular Gas Day;