Examples of NTS Capacity in a sentence
Request 0705R NTS Capacity Access Review was raised on 17 October 2019 and has been actively discussed at the Transmission Workgroup meetings.
NTS Exit (Flat) Capacity is required to be purchased1 to allow a User to offtake gas from the NTS and is made available through various NTS Exit Capacity Application Windows and auctions, which are prescribed within UNC TPD Section B3 (summarised within Table 1).Following the implementation of UNC Modification 0678A2, which changed the charging methodology associated with NTS Capacity, NTS Exit Capacity Reserve Prices have become uniform.
The timely delivery of long term Firm NTS Capacity is a key factor in the efficient and economic operation of the National Transmission System.
The solution helps to ensure that Long term Firm NTS Capacity is delivered in a timely manner from an initial customer request.
As I said previously, however, many critics have argued that classical rational choice theory does not explain choice behaviour.
Where specific reinforcement works to the system are required to meet a request for Incremental NTS Capacity this will only be released where a PARCA has been signed (please see section 3.4.2 for more information on PARCAs) At non-interconnection points, National Grid must, under the terms of its Licence, prepare a proposal for releasing funded incremental obligated entry capacity, as a result of the signing of a PARCA, and submit this proposal to the Authority6 for approval.
UNC 0716AThe NTS Capacity Access Review initiated through Modification 0705R is intended to establish a long-term strategy for the NTS capacity access regime.
Implementation would promote greater fairness in treatment to individual NTS Capacity holders in the event of Force Majeure.
Consequence for the level of contractual risk of Users Implementation would reduce the current risk of Users continuing to pay for NTS Capacity that they are unable to utilise in the event of Force Majeure.
Should a PARCA applicant wish to change the level of NTS Capacity reserved during PARCA Phase 2, providing this is within their Fine-Tuning Range, we will update the quantity reserved and will publish updated information to the industry.