MCO Plan definition

MCO Plan means the plan on joint performance of market coupling operator functions developed in accordance with Article 7(3) of the CACM Regulation and approved in accordance with Article 9 of the CACM Regulation, including any amendments, which have been approved in accordance with that Article 9.
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MCO Plan means the document developed by all NEMOs in order to describe the plan that sets out how they jointly set up and perform the MCO functions, elaborated according to requirements of Article 7(3) of the CACM Regulation and approved by all NRAs in June 2017.
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MCO Plan means the plan that sets out how NEMOs will jointly set up and perform the MCO Function pursuant to article 7,(2) CACM;
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Examples of MCO Plan in a sentence

  • Based on the above rationale, all regulatory authorities agree to request an amendment to the MCO Plan Proposal.

  • Treatment of costs Cost recoveryAny reference to cost recovery is out of the scope of the MCO Plan as it is subject to individual approval by each regulatory authority (art.

  • Historical costAny reference to costs incurred prior to the entry into force of Regulation 2015/1222 is out of the scope of the MCO Plan, inasmuch as they have to be based on existing agreements between NEMOs and TSOs (art.

  • For the purpose of this proposal, terms used shall have the meaning of the definitions included in Article 2 of Regulation 2015/1222, the other items of legislation referenced therein and MCO Plan.

  • The all NEMOs’ MCO Plan proposal was received by all NRAs on 15th April 2016, within the deadline stated by Article 7(3) of the Regulation 2015/1222 GL (8 months after entry into force of the Regulation).

  • Therefore NRAs request NEMOs to include in the MCO Plan milestones and dates (e.g. the entry into force of the ANCA), on the timescales for implementation of the MCO Functions.The suggested base case scenario takes into account: Timely submission of each NEMO proposal. NRAs approval process of 6 months duration. No contingency occurs.A clear and detailed description of how NEMOs will jointly set up and perform the “MCO Functions in compliance with art.

  • This document elaborates an opinion of all regulatory authorities, agreed at the Energy Regulators’ Forum on 13 September 2016, on the All NEMOs’ Proposal for the Plan On Joint Performance of MCO Functions (MCO Plan) in accordance with Article 7(3) of the Commission Regulation (EU) 2015/1222 of 24 July 2015 establishing a Guideline on Capacity Allocation and Congestion Management (hereafter referred to as the “MCO Plan Proposal”).

  • NRAs deem that the proposed MCO Plan has to be amended in several parts in order to make it compliant with Regulation 2015/1222 requirements.

  • For the purposes of this proposal, the terms used shall have the meaning of the definitions included in Article 2 of Regulation 2015/1222, the other items of legislation referenced therein and MCO Plan.

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More Definitions of MCO Plan

MCO Plan shall have the meaning set forth in Recital 7;
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MCO Plan means the document proposed by all NEMOs pursuant to Article 7(2) of the CACM Regulation and approved by the relevant national regulatory authorities on 16 June 2017;
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MCO Plan means the all NEMO proposal for the Market Coupling Operator Plan as approved by all NRAs on 26 June 2017 pursuant to article 7 (3) of CACM; MRC means the day-ahead electricity market organised by NWE, SWE and IBWT Parties based on implicit cross- border capacity allocation; MRC DAOA has the meaning set forth in Recital G; MRC DAOA Party(ies) Means, for the purpose of Annex 6, the Parties who had signed or adhered to the MRC DAOA;
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MCO Plan means the all NEMO proposal for the Market Coupling Operator Plan as approved by all NRAs on 26 June 2017 pursuant to article 7 (3) of CACM;
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Related to MCO Plan

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • EHC plan means an Education, Health and Care plan made under sections 37(2) of the Children and Families Act 2014.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Qualified Plan means a Benefit Arrangement that is intended to be tax-qualified under Section 401(a) of the Internal Revenue Code.

  • Company Plan means any Benefit Plan: (i) under which any current or former director, officer, employee, consultant or independent contractor of the Company has any present or future right to benefits and that is maintained, sponsored or contributed to by the Company; or (ii) with respect to which the Company has any Liability.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Welfare Plan means a “welfare plan” as defined in Section 3(1) of ERISA.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Multi-employer Plan means a multi-employer plan, as defined in Section 4001(a)(3) of ERISA to which the Borrower or any Subsidiary of the Borrower or any ERISA Affiliate is making or accruing an obligation to make contributions or has within any of the preceding five plan years made or accrued an obligation to make contributions.

  • BCDR Plan means the plan consisting of general business continuity and disaster recovery principles, the Business Continuity Plan and Disaster Recovery Plan as further described in paragraph 1.2 of Schedule 2- 14.

  • HACCP plan means a written document that delineates the formal procedures for following the hazard analysis and critical control point principles developed by the National Advisory Committee on Microbiological Criteria for Foods.

  • Company 401(k) Plan shall have the meaning set forth in Section 6.09(e).

  • Parent Benefit Plan means an Employee Benefit Plan sponsored, maintained, or contributed to (or required to be contributed to) by Parent or any of its Subsidiaries, or under or with respect to which Parent or any of its Subsidiaries has any current or contingent liability or obligation.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

  • Former Plan means any employee benefit plan in respect of which the Customer or a Subsidiary has engaged in a transaction described in Section 4069 or Section 4212(c) of ERISA.

  • Business Benefit Plan means each Benefit Plan that is contributed to, sponsored, maintained or entered into by Seller or a Retained Subsidiary, a Purchased Subsidiary or any Affiliate of any of them for the benefit of any Business Employee.

  • Plan means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Single Employer Plan any Plan which is covered by Title IV of ERISA, but which is not a Multiemployer Plan.