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

  • 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;

  • Gross Heating Value means the total heat expressed in megajoules per cubic metre (MJ/m³) produced by the complete combustion at constant pressure of one (1) cubic metre of gas with air, with the gas free of water vapour and the temperature of the gas, air and products of combustion at standard temperature and all water formed by the combustion reaction condensed to the liquid state;

  • 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.

  • Heating Value means the gross heating value on a dry basis, which is the number of British thermal units produced by the complete combustion at constant pressure of the amount of dry gas (gas containing no water vapor) that would occupy a volume of one Cubic Foot at 14.73 psia and 60° F with combustion air at the same temperature and pressure as the gas, the products of combustion being cooled to the initial temperature of the gas and air, and the water formed by combustion condensed to the liquid state.

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

  • 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 or other contractual right, whether or not presently exercisable, which has an exercise or conversion privilege or a settlement payment or mechanism at a price related to Common Stock or a value determined in whole or part with reference to, or derived in whole or in part from, the market price or value of Common Stock, whether or not such right is subject to settlement in whole or in part in Common Stock, and which increases in value as the value of Common Stock increases or which provides to the holder of such right an opportunity, directly or indirectly, to profit or share in any profit derived from any increase in the value of Common Stock, but shall not include:

  • 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

  • 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.

  • 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.