Negative Imbalance definition

Negative Imbalance means an imbalance, whether Daily or Monthly, where the Company has delivered more Gas to a Shipper than the Company has received, less Gas in Kind, on that Shipper's behalf. When expressed as a percentage, the imbalance is divided by gas received by the Company, less Gas in Kind, on the Shipper's behalf.
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Negative Imbalance means when a Shipper’s Daily Imbalance is negative (when a Shipper's Consumed Quality of gas is greater than the Confirmed Quantity of gas on a Day).
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Negative Imbalance has the meaning given in Section E paragraph 2.6 of the IUK Access Code;
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Examples of Negative Imbalance in a sentence

  • In the event that Delivered Energy for any CAISO settlement interval is less than Scheduled Energy for such CAISO settlement interval, Buyer shall have no payment obligation in respect of the Negative Imbalance Energy.

  • The Parties' actual imbalance volumes shall be "cashed out" according to the following formula: Negative Imbalance Imbalance Tier Price0 – 5% 100% of HP5% - 10% 115% of HP10% - 15% 130% of HP15% - 20% 140% of HP20% 150% of HP For purposes of determining the tier at which an imbalance will be cashed out, the price will apply only to volumes within a tier.

  • Customers with a Positive or Negative Imbalance, after adjustment for optional balancing service, shall be subject to an additional charge at the rate of $0.01 per therm ($0.10 per Dth) up to 30% of net receipts.

  • Customers with a Negative Imbalance on any Long Critical Day will not incur the daily $0.10 per therm ($1.00 per Dth) under delivery charge.

  • If there is a Negative Imbalance for a Day then the Shipper is deemed not to have supplied any gas to Epic Energy at a Receipt Point/s on the next Day until the Negative Imbalance is cleared.


More Definitions of Negative Imbalance

Negative Imbalance means in respect of a Gas Flow Day, where a Shipper’s Aggregate NI Entry Allocation is less than its’ Aggregate NI Exit Allocation;
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Negative Imbalance means deliveries of gas in excess of
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Negative Imbalance shall have the meaning set forth for such term in Article IV.
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Negative Imbalance has the meaning given in Section E paragraph 2.6 of the IUK Access Code; “Negative Imbalance Daily Gas Price” means the price (p/kWh) calculated as the lesser of:
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Negative Imbalance has the meaning set forth in Section 2.4 of this Exhibit “A.”
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Negative Imbalance means the occurrence of the event where the shipping licensee off-takes more quantity of gas that what is injects in the transmission pipeline during a Day;
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Negative Imbalance means, respectively as to each Property Subdivision to which the Subject Interests are attributable and without duplication, the sum (expressed in MMBtus) of (i) the aggregate make-up, prepaid or other volumes of natural gas that Seller was obligated as of the Effective Time, on account of prepayment, advance payment, take-or-pay, gas balancing or similar obligations, to deliver from the Subject Interests attributable to such Property Subdivision after the Effective Time without then or thereafter being entitled to receive full payment therefor (proportionately reduced to the extent Seller will be entitled to receive partial payment therefor) and (ii) the aggregate pipeline or processing plant imbalances or overdeliveries for which Seller is obligated to pay or deliver natural gas or cash to any pipeline, gatherer, transporter, processor, co-owner or purchaser in connection with any other natural gas attributable to the Subject Interests.
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