Settlement Agreement for Scotland definition

Settlement Agreement for Scotland means the agreement of that title, as nominated by the Authority for the purposes of this condition, to be prepared in accordance with and comprise such matters as are set out in special condition I (The Settlement Agreement for Scotland) of each of the electricity distribution licences of SP Distribution Limited, and Scottish Hydro-Electric Power Distribution Limited (and any other name by which any of these companies come to be known), as from time to time revised with the approval of the Authority.

Settlement Agreement for Scotland means the agreement of that title, as nominated by the Authority for the purposes of this Section, prepared in accordance with, and comprising such matters as are set out in special condition I (The Settlement Agreement for Scotland) of each of the electricity distribution licences of SP Distribution Limited, Southern Electric Power Distribution plc, and Scottish Hydro-Electric Power Distribution Limited (and any other name by which any of thesecompanies come to be known).

Settlement Agreement for Scotland means the agreement of that title to be prepared in accordance with, and comprise such matters as are set out in, Condition 24 of Part V of the Scottish Generation, Transmission and Public Electricity Supply Licences.

Examples of Settlement Agreement for Scotland in a sentence

• This creates a requirement for new licensed distributors to be able to join the Balancing and Settlement Code (BSC), the Master Registration Agreement (MRA), and where appropriate comply with the Settlement Agreement for Scotland (SAS).Initially the impact of these changes was considered by the Distribution Business Focus Group (DBFG), an industry group established under the MRA Executive Committee (MEC).

• In so far as the licensee shall distribute or offer to distribute electricity within any area of Scotland or to the extent that the Settlement Agreement for Scotland may apply in respect of the activities of the distribution business, the licensee shall comply with the relevant provisions of the Settlement Agreement for Scotland.

• A Supplier is required by the Settlement Agreement for Scotland only to use Accredited Agents for the purposes of providing Meter Operation services.

• For the avoidance of doubt, the Nominated LDSO is the LDSO who was responsible for a GSP Group on 1 August 2003 or the Scottish Distribution Licensee in respect of that Bulk Supply Point Group under the Settlement Agreement for Scotland on 1 August 2003.National Measurement Transformer Error StatementA list of Current Transformer and Voltage Transformer types which have been approved as an agreed list of national Generic Measurement Transformer Errors.

• Subject to paragraphs 2 and 3, insofar as the licensee supplies or offers to supply electricity to any premises situated in Scotland, it shall become a party to and thereafter comply with the provisions of the Settlement Agreement for Scotland.

More Definitions of Settlement Agreement for Scotland

Settlement Agreement for Scotland means the agreement of that title to be prepared in accordance with, and comprise such matters as are set out in, Condition 24 of Part V.

Settlement Agreement for Scotland means the agreement of that title, as nominated by the Authority for the purposes of this condition, to be prepared in accordance with and comprise such matters as are set out in special condition I (The Settlement Agreement for Scotland) in each of the electricity distribution licences of SP Distribution Limited, and Scottish Hydro- Electric Power Distribution Limited (and any other name by which any of these companies come to be known) “STC” means the system operator – transmission owner code required to be in place pursuant to the transmission licence granted to the transmission licensees, as from time to time modified “System Operation Agreement” means the agreement known as the System Operation agreement and made between Scottish Hydro-Electric Plc and Scottish Power Plc and dated 1 June 1990, as amended or modified from time to time “GB system operator” means the holder for the time being of a transmission licence in relation to which licence the Authority or the Secretary of State, where appropriate, has issued a Section C (system operator standard conditions) Direction and where Section C of that transmission licence remains in effect (whether or not subject to any terms included in a Section C (system operator standardconditions) Direction or to any subsequent

Settlement Agreement for Scotland has the meaning given to it in standard condition B8 (Settlement Agreement for Scotland).

Settlement Agreement for Scotland means the agreement of that title

Settlement Agreement for Scotland for the purposes of Section B only, has the meaning given in standard condition 8 (Settlement Agreement for Scotland).

Settlement Agreement for Scotland means the Settlement Agreement for Scotland, including all Service Requirements and Market Procedures (as therein defined) made under it;

Settlement Agreement for Scotland has the meaning given to it in the standard conditions of the Scottish Transmission Licence;