Settlement Hour definition

Settlement Hour has the meaning given to it in Chapter 11 of the Market Rules.
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Settlement Hour means a period of one hour that corresponds to a particular dispatch hour for which metering data determined in accordance with Chapter 6 of the Market Rules and physical market prices for services calculated pursuant to Chapter 7 of the Market Rules are to be used to calculate the settlement debits and credits of Market Participants;
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Settlement Hour means a period of one hour which corresponds to a particular dispatch hour for which metering data determined in accordance with Market Rules and physical market prices for services calculates pursuant to Market Rules that are to be used to calculate the settlement debits and credits of Market Participants;
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Examples of Settlement Hour in a sentence

  • The amount determined pursuant to Section 6(a) or (b) for any Settlement Hour will become a debt owing as at the end of the Settlement Hour or at the time the Pool Price for that Settlement Hour is published, whichever is later and will be payable in accordance with Section 10.

  • Notwithstanding any specific provisions of a Transaction to the contrary, all amounts owing by each Party under all Transactions for each Settlement Hour in a Month will be aggregated and netted against each other and such aggregated amount will be aggregated with the net amount owing in respect of previous Settlement Hours in that Month.

  • Once the new Pool Price is established by the arbitrator, it will apply to each Settlement Hour from the date the method of determining the Pool Price changed or the Pool Price ceased to be published or such other date as the arbitrator determines.

  • If the Parties are unable to agree, either Party may submit the matter for dispute resolution in accordance with Section 17 and the arbitrator is authorized and directed to establish a new price as the Pool Price or a methodology for establishing the Pool Price each Settlement Hour.


More Definitions of Settlement Hour

Settlement Hour means any particular hour during which a Difference, if any, is agreed to be paid under a particular Transaction.
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Settlement Hour means an hour of the EFA Day where such EFA Day is divided into 24 hour-long periods commencing at the start of the EFA Day;]26
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Settlement Hour means a period of 60 minutes, commencing at the
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Related to Settlement Hour

  • Settlement means the settlement of the Action by and between the Parties, and the terms thereof as stated in this Settlement Agreement.

  • Settlement Hearing means the hearing set by the Court under Rule 23(e)(2) of the Federal Rules of Civil Procedure to consider final approval of the Settlement.

  • Settlement Cycle means the period of Clearance System Business Days following a transaction on the Relevant Exchange in the Underlying, during which period settlement will customarily take place according to the rules of such Relevant Exchange.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • settlement system means a system established and operated by the Bank to facilitate the transfer of funds for the discharge of payment and settlement obligations between system participants;