Single Market Operation Business definition

Single Market Operation Business means the activity of the Market Operator Licensee as provided for in the licence granted pursuant to Section 14 (1)(j) of the Act and the activity of the Northern Ireland Market Operator Licensee as provided for in the licence granted under Article 10 (1)(d) of the Electricity (Northern Ireland) Order 1992;

Single Market Operation Business means the Market Operation Activity and the activity of Northern Ireland Market Operator Licensee as provided for in the licence granted under Article 10(1)(d) of the Electricity (Northern Ireland) Order 1992;

Single Market Operation Business means the Market Operation Activity taken together with the activities of the Republic of Ireland Market Operator Licensee in its capacity as such.

Examples of Single Market Operation Business in a sentence

• The Licensee shall retain each set of Commercial Offer Data, and all of its supporting data relevant to the calculation of the price component of that Commercial Offer Data, for a period of at least four years commencing on the date on which the Commercial Offer Data is submitted to the Single Market Operation Business.

• In any case in which Commercial Offer Data are submitted to the Single Market Operation Business which are not consistent with the Licensee’s obligation under paragraph 1 of this Condition, the Licensee shall immediately inform the Authority and provide to the Authority a statement of its reasons for the Commercial Offer Data submitted.

• In any case in which Relevant Commercial Offer Data are submitted to the Single Market Operation Business which are not consistent with the Licensee’s obligation under paragraph 1 of this Condition, the Licensee shall immediately inform the Authority and provide to the Authority a statement of its reasons for the Relevant Commercial Offer Data submitted.

• The Licensee shall ensure that the price components of all Commercial Offer Data submitted to the Single Market Operation Business under the Single Electricity Market Trading and Settlement Code, whether by the Licensee itself or by any person acting on its behalf in relation to a generation set for which the Licensee is the licensed generator, are cost-reflective.

• The Licensee shall ensure that, in formulating and submitting Commercial Offer Data to the Single Market Operation Business in the Balancing Market under the Single Electricity Market Trading and Settlement Code (whether by the Licensee itself or by any person acting on its behalf in relation to a generation set for which the Licensee is the licensed generator), it acts so as to secure its compliance with the Balancing Market Principles Code of Practice.

• The Licensee shall retain records of each set of Relevant Commercial Offer Data, and all of its supporting data relevant to the calculation of the components of such Relevant Commercial Offer Data, for a period of at least four years commencing on the date on which the relevant Commercial Offer Data are submitted to the Single Market Operation Business.

• The Licensee shall retain records of each set of Relevant Commercial Offer Data, and all of its supporting data relevant to the calculation of the components of such Relevant Commercial Offer Data, for a period of at least four years commencing on the date on which the Relevant Commercial Offer Data are submitted to the Single Market Operation Business.

• The Licensee shall ensure that, in formulating and submitting Commercial Offer Data to the Single Market Operation Business in the Balancing Market under the Single Electricity Market Trading and Settlement Code (whether by the Licensee itself or by any person acting on its behalf in relation to a Demand Side Unit for which the Licensee is the licensed supplier), it acts so as to secure its compliance with the Balancing Market Principles Code of Practice.

• In any case in which Commercial Offer Data are submitted to the Single Market Operation Business which are not consistent with the Licensee’s obligation under paragraph 1 of this Condition, the Licensee shall immediately inform the Commission and provide to the Commission a statement of its reasons for the Commercial Offer Data submitted.

• The Licensee shall ensure that the price components of all Commercial Offer Data submitted to the Single Market Operation Business under the Single Electricity Market Trading and Settlement Code, whether by the Licensee itself or by any person acting on its behalf in relation to a generation unit for which the Licensee is the licensed generator, are cost-reflective.

More Definitions of Single Market Operation Business

Single Market Operation Business shall, in the period prior to SEM Go-Live, have the meaning set out in Condition 1 of Section B and shall, from SEM Go-Live, have the meaning set out in Condition 1 of Section C;

Single Market Operation Business. “ means the activity of the Market Operator Licensee as provided for in the licence granted pursuant to Section 14 (1)(j) of the Act and the activity of the Northern Ireland Market Operator Licensee as provided for in the licence granted under Article 10 (1)(d) of the Electricity (Northern Ireland) Order 1992;

Single Market Operation Business means the Market Operation Activity taken together with the equivalent activity of the Northern Ireland Market Operator Licensee;

Single Market Operation Business means the activity of the Market Operator Licensee as provided for in the licence granted under [●] of [●] and the activity of Northern Ireland Market Operator Licensee as provided for in the licence granted under Article 10(1)(d) ofRegulations” means the Electricity Regulation Act 1999 (Northern Ireland) Order 1992;“Single Market Regulations” means the [●] Regulations, [●] (S.I. [●]) of [●];Single Electricity Market) Regulations 2007 (SI [●] of 2007);