Rulings Panel definition

Rulings Panel means the Rulings Panel continued by the Act; “SAIDI” means the system average interruption duration index; “Serious Financial Breach” means:

Rulings Panel has the meaning given to it in section 5 of the Act; "Serious Financial Breach" means:

Rulings Panel has the meaning set out in Part 1 of the Code; "services" means the services referred to in clause 3.2.1;

Examples of Rulings Panel in a sentence

• In addition, Transpower may de-energise a Point of Connection if directed to do so by the Board or the Rulings Panel under the Electricity Governance Regulations or the Electricity Governance Rules or by the clearing manager or any other person authorised to do so by the Electricity Governance Rules or the Electricity Governance Regulations and Transpower will use reasonable endeavours to notify the Customer in advance of such de-energisation if it has received sufficient notice of the direction.

• A one member Rulings Panel which approves or rejects settlements, determines unresolved breaches, and orders remedies.

• Further, if parties need to go to the Rulings Panel, and the Panel’s costs are to be covered by the disputing parties, then this will represent a further potential cost and delay.

• On balance, we prefer the status quo as per the existing rules under which the Rulings Panel would have no jurisdiction in relation to the benchmark agreements.

• The counterparty will be able to refer any alleged breaches to the Rulings Panel for review of Transpower’s decision about costs and benefits.The Commission proposes for unplanned outages, the Outage Protocol will require Transpower to develop procedures in advance of outages in order to deal with them in a way that minimises costs and maximises benefits.

More Definitions of Rulings Panel

Rulings Panel means the Rulings Panel continued by the Act;

Rulings Panel means the Rulings Panel continued by the Act; “Serious Financial Breach” means:

Rulings Panel has the meaning given to it in section 5 of the Act;

Rulings Panel means the Rulings Panel constituted by the Act;

Rulings Panel has the meaning given to it in section 5 of the Act; “Serious Financial Breach” means: a failure by the Trader to pay an amount due and owing that exceeds the greater of $100,000 or 20% of the actual charges payable by the Trader for the previous month, unless the amount is genuinely disputed by the Trader in accordance with clause 9.7; or a failure by the Trader to pay 100% of the actual charges payable by the Trader for the previous two months, unless the amount is genuinely disputed by the Trader in accordance with clause 9.7; or a material breach of clause 10 by the Trader;

Rulings Panel has the meaning given to that term in section 5 of the Act. "security of supply and emergency management services" means the services to be provided by the Provider under the following parts of the Code:

Rulings Panel has the same meaning as set out in the regulations made pursuant to section 23 to section 26 of the Electricity Industry Act 2010, as amended from time to time;