Steering Difference definition

Steering Difference means the difference between the quantity of gas that the transmission system operators had scheduled to flow and the measured quantity for an interconnection point.
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Steering Difference has the meaning given in Section D paragraph 1.3 of the IUK Access Code;
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Steering Difference means the difference between the quantity of gas that the transmission system operators schedule to flow and the measured quantity. INTERCONNECTION AGREEMENTS
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Examples of Steering Difference in a sentence

  • If this Agreement is terminated then (unless the Operators agree otherwise) the Operators will ensure gas flows before or at the time of termination such that any Cumulative Steering Difference at the time is returned to the Operator to which it is owed.

  • Current arrangements in respect of IPs are that User Agents submit allocations to National Grid NTS on behalf of NTS Users for both entry and exit which, in aggregate, equal the measured gas flow4.Within the INT Code, the default allocation rule is for the Adjacent TSOs to allocate gas to Users equal to their Nominated Quantities (commonly referred to as ‘allocate as nominate’) with the Steering Difference allocated to an Operational Balancing Account (OBA) between them.

  • The Operators may agree to exclude the Cumulative Steering Difference Correction from the Agreed Target Quantity in respect of a Gas Flow Day in respect of which an Exceptional Event or a Gas Deficit Emergency has been notified.

  • The CSO shall use reasonable endeavours to ensure that the absolute value of the Steering Difference is kept as close as possible to zero.

  • If the Operator owing any Cumulative Steering Difference (i) becomes insolvent or (ii) on termination of this Agreement does not return such Cumulative Steering Difference, the Operator to which it is owed will be entitled to make a financial claim against the first Operator in respect of the value of the gas comprising the Cumulative Steering Difference.


More Definitions of Steering Difference

Steering Difference or “SD” shall mean, the difference between the Daily Metered Quantity at the end of Gas Day D and the Agreed Target Quantity for Gas Day D, and is:
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Steering Difference has the meaning given in Section D paragraph 1.2 of the Interconnector Access Code;
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Steering Difference means the difference between the quantity of gas that the system operators had scheduled to flow and the measured quantity for the Entry Point.
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Steering Difference means, in respect of any relevant period and any Connection Point, the amount by which the Quantity of Natural Gas physically delivered or redelivered in that period at that Connection Point (as measured in accordance with Section G) is greater than or less than the Aggregate Net Scheduled Quantity for that period and that Connection Point;
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Steering Difference means the difference between the quantity of gas that the adjacent TSOs schedule to flow and the measured quantity. [INT 2(1)]
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Steering Difference has the meaning given in Section D paragraph 1.2 of the IAC;
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Steering Difference means the difference between Confirmed Quantities and the Metered Quantity for the IP Faxe.
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