Market Balancing Position definition

Market Balancing Position means an hourly value per Zone, expressed in kWh, as provided for in the Balancing Code.
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Market Balancing Position means an hourly value per Zone, expressed in kWh, as provided for in the Access Code for Transmission (ACT – Attachmentattachment A).
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Examples of Market Balancing Position in a sentence

  • During the Gas Day and in case the Market Balancing Position is out of the limits defined in section 3.2.1, the Balancing Operator will apply the required Within-Day balancing settlements.

  • An imbalance constraint on the market balancing position is a planned or unplanned event for a given limited period during which the Market Balancing Position forecast is reduced to a specific level in order to safeguard the Integrity of the System in the event of a Natural Gas shortage (see Attachment F).

  • End-of-Day, each Network User Balancing Position and the Market Balancing Position are settled to zero by an End-of-Day balancing settlement.

  • In case the End-of-Day Market Balancing Position before balancing settlement (MBP*d,z), being the Market Balancing Position before balancing settlement of the last hour of the Gas Day (MBP*last h,z) is a positive value, there is an End-of-Day Market Excess (MEd,z), which is equal to such End-of-Day Market Balancing Position before balancing settlement.

  • In case the End-of-Day Market Balancing Position before balancing settlement is a negative value, there is an End-of-Day Market Shortfall (MSd,z– positive value), which is equal to such End-of-Day Market Balancing Position before balancing settlement (absolute value).

  • For each Zone in which the Network User is active, the Network User will receive from theBalancing Operator its Network User Balancing Position and the Market Balancing Position.

  • As a consequence the End-of- Day Market Balancing Position after balancing settlement (MBPd,z) for a Zone z is also equal to 0 (zero).

  • For each Zone in which the Grid User is active, the Grid User will receive from the Balancing Operator its Grid User Balancing Position and the Market Balancing Position.

  • Given the market-based balancing principles remain applicable during the Early Warning Level, all reporting obligations to the Grid Users to safeguard their individual Grid User Balancing Position and keep track of the Market Balancing Position will be applied as described in the Attachment C.BE1 of the Access Code - the Operating Procedures.

  • End-of-Day, each Grid UserNetwork User Balancing Position and the Market Balancing Position are settled to zero by an End-of-Day balancing settlement.

Related to Market Balancing Position

  • Net Long Position means: such shares of Common Stock Beneficially Owned, directly or indirectly, that constitute such person’s net long position as defined in Rule 14e-4 under the Exchange Act mutatis mutandis, provided that “Net Long Position” shall not include any shares as to which such person does not have the right to vote or direct the vote; and the terms “person” or “persons” shall mean any individual, corporation (including not-for-profit), general or limited partnership, limited liability or unlimited liability company, joint venture, estate, trust, association, organization or other entity of any kind or nature.

  • Measurement Point means the emission source for which continuous emission measurement systems (CEMS) are used for emission measurement, or the cross-section of a pipeline system for which the CO2 flow is determined using continuous measurement systems;

  • Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;

  • Vapor balance system means a combination of pipes or hoses which create a closed system between the vapor spaces of an unloading tank and a receiving tank such that vapors displaced from the receiving tank are transferred to the tank being unloaded.

  • Long Position means a buy position that appreciates in value if market prices increase. In respect of Currency Pairs: buying the Base Currency against the Quote Currency.

  • Exit Point means a border control post or any other place designated by a Member State where animals, falling within the scope of Regulation (EC) No 1/2005, leave the customs territory of the Union;

  • Metering Point means, for meters that do not use instrument transformers, the point at which the billing meter is connected. For meters that use instrument transformers, the point at which the instrument transformers are connected.

  • Covered position means a position in which the employee must be a member of the retirement

  • Unrecovered Initial Unit Price means at any time, with respect to a Unit, the Initial Unit Price less the sum of all distributions constituting Capital Surplus theretofore made in respect of an Initial Common Unit and any distributions of cash (or the Net Agreed Value of any distributions in kind) in connection with the dissolution and liquidation of the Partnership theretofore made in respect of an Initial Common Unit, adjusted as the General Partner determines to be appropriate to give effect to any distribution, subdivision or combination of such Units.

  • Net Positive Adjustments means, with respect to any Partner, the excess, if any, of the total positive adjustments over the total negative adjustments made to the Capital Account of such Partner pursuant to Book-Up Events and Book-Down Events.

  • Remaining Net Positive Adjustments means as of the end of any taxable period, (i) with respect to the Unitholders holding Common Units or Subordinated Units, the excess of (a) the Net Positive Adjustments of the Unitholders holding Common Units or Subordinated Units as of the end of such period over (b) the sum of those Partners’ Share of Additional Book Basis Derivative Items for each prior taxable period, (ii) with respect to the General Partner (as holder of the General Partner Units), the excess of (a) the Net Positive Adjustments of the General Partner as of the end of such period over (b) the sum of the General Partner’s Share of Additional Book Basis Derivative Items with respect to the General Partner Units for each prior taxable period, and (iii) with respect to the holders of Incentive Distribution Rights, the excess of (a) the Net Positive Adjustments of the holders of Incentive Distribution Rights as of the end of such period over (b) the sum of the Share of Additional Book Basis Derivative Items of the holders of the Incentive Distribution Rights for each prior taxable period.

  • Adjusted Asset Value means, as of a given date, the sum of EBITDA attributable to malls, power centers and all other assets for the trailing four (4) quarters most recently ended, divided by (iii) 7.75%. In determining Adjusted Asset Value:

  • Unadjusted Benchmark Replacement means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

  • Synthetic Long Position means any option, warrant, convertible security, stock appreciation right, swap agreement or other security, contract right or derivative position, whether or not presently exercisable, that has an exercise or conversion privilege or a settlement payment or mechanism at a price related to the value of Common Stock or a value determined in whole or part with reference to, or derived in whole or in part from, the value of Common Stock and that increases in value as the value of Common Stock increases or that provides to the holder an opportunity, directly or indirectly, to profit or share in any profit derived from any increase in the value of Common Stock, in any case without regard to whether (i) such derivative conveys any voting rights in such securities to such Person or any of such Person’s Affiliates or Associates, (ii) such derivative is required to be, or capable of being, settled through delivery of such securities, or (iii) such Person or any of such Person’s Affiliates or Associates may have entered into other transactions that hedge the economic effect of such derivative. A Synthetic Long Position shall not include any interests, rights, options or other securities set forth in Rule 16a-1(c)(1)-(5) or (7) of the General Rules and Regulations under the Exchange Act.

  • Benchmark Replacement Adjustment means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement:

  • Elevated blood lead level means a level of lead in blood that is any of the following:

  • Qualifying position means one or more jobs with one or more participating public em-

  • Net metering period means the 12-month period following the date of final interconnection of the

  • Current Unit Rates are Forest Service estimates of the unit rates for doing the work at the time the adjustment is approved.

  • Call Equivalent Position shall have the meaning set forth in Rule 16a-1(b) under the Exchange Act.

  • Permanent Position Any position which has required, or which will require the services of an incumbent without interruption, for an indefinite period.

  • Cash Available for Distribution means the Available Cash other than Net Sales Proceeds.

  • Maximum residual disinfectant level or “MRDL” means a level of a disinfectant added for water treatment that may not be exceeded at the consumer’s tap without an unacceptable possibility of adverse health effects.

  • Market Participant Energy Injection means transactions in the Day-ahead Energy Market and Real-time Energy Market, including but not limited to Day-ahead generation schedules, real- time generation output, Increment Offers, internal bilateral transactions and import transactions, as further described in the PJM Manuals.

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • High global warming potential hydrofluorocarbons means any hydrofluorocarbons in a particular end use for which EPA’s Significant New Alternatives Policy (SNAP) program has identified other acceptable alternatives that have lower global warming potential. The SNAP list of alternatives is found at 40 CFR Part 82 subpart G with supplemental tables of alternatives available at (http://www.epa.gov/snap/).