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.

  • 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).

  • PAIA grants a requester access to the records of a private entity, if the record is required for the exercise or protection of any rights.

  • 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 Grid UserNetwork User is active, the Grid UserNetwork User will receive from the Balancing Operator its Grid UserNetwork User Balancing Position and the Market Balancing Position.

  • 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.

Related to Market Balancing Position

  • 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.

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

  • 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:

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