Examples of Postalised System in a sentence
If any of the Transporter or a PS Gas Supplier reasonably believes that failure by the Transporter or another Designated Pipe-line Operator to re-assess a PS Gas Supplier’s Required Level of Credit Support and/or PS Gas Supplier’s Provided Level of Credit Support would result in an unacceptable material increase in risk to the security of the Postalised System, it may, at any time, call a Credit Committee meeting to propose that the Credit Committee give a Direction requiring such re-assessment.
If the Transporter or a Shipper reasonably believes that failure by the Transporter to re-assess a Shipper’s Required Level of Credit Support and/or Shipper’s Provided Level of Credit Support would result in an unacceptable material increase in risk to the security of the Postalised System, it may, at any time, call a Credit Committee meeting to propose that the Credit Committee give a Direction requiring such re-assessment.
The development of an administrative function for calculating and distributing the respective tariffs and revenues would also be required to implement the tariff methodology i.e. an all-island equivalent to the Northern Ireland Postalised System Administrator.
Mutual Energy noted that we had omitted to propose modifications to Condition 2A.4.3.1 (b) of the PTL, BGTL, WTL and GNI (UK) which requires the Postalised System Administrator (PSA) to provide the licence holders with the postalised charges by no later than two Business Days before the first Business Day in August.
If the Transporter or a Shipper reasonably believes that failure by the Transporter to re- assess a Shipper’s Required Level of Credit Support and/or Shipper’s Provided Level of Credit Support would result in an unacceptable material increase in risk to the security of the Postalised System, it may, at any time, call a Credit Committee meeting to propose that the Credit Committee give a Direction requiring such re-assessment.
They noted that the proposed changes are reflective of the completed evolution to the operation of a single transmission network code, and of the operation of invoicing by the Postalised System Administrator.
This would be similar to the Northern Ireland PSA (Postalised System Administrator) function with the addition of handling currency differences.
The Licensee shall provide to each Gas Supplier details of the aggregate sum of all Quarterly Exit Quantities (whether in the form of a joint report or otherwise) in respect of each exit point on the Postalised System.
The 2016-17 Postalisation Reconciliation process for the Northern Ireland Gas Transmission Network has been completed and was circulated to the Designated Pipeline Operators (“DPOs”) by the Postalised System Administrator (“PSA”) on 7th December 2017.
The 2020-21 Postalisation Reconciliation process for the Northern Ireland Gas Transmission Network has been completed and was circulated to the Designated Pipeline Operators (“DPOs”) by the Postalised System Administrator (“PSA”) on 29th November 2021.