Examples of Transco NTS in a sentence
By not later than the Day falling twenty eight (28) Days before the first initial annual invitation date, Transco NTS will notify Users of the applicable reserve prices and the step prices that will apply in respect of the New Aggregate System Entry Point for the purposes of the first annual invitation.
For each Day (or part of each such Day) in respect of each Aggregate System Entry Point, where Available Daily Capacity is available Transco NTS will initiate a capacity allocation period.
Where there is no Available Interruptible Capacity in respect of an Aggregate System Entry Point for a Day, or the amount thereof is less than the minimum eligible amount, Transco NTS will not accept any daily interruptible capacity bids.
A daily capacity bid may not be withdrawn during a capacity allocation period (irrespective of whether or not the daily capacity bid is in relation to an Aggregate System Entry Point at which, for the purposes of the capacity allocation, there is Available Daily Capacity) and where a User seeks to withdraw a bid during such period, Transco NTS will notify the User that a capacity allocation period is current and Transco NTS may, subject to paragraph 2.4.6, accept such daily capacity bid.
Transco NTS shall for the purposes of the management of a capacity constraint take such steps as are in accordance with the System Management Principles; it however being acknowledged that the System Management Principles do not form part of, and are not incorporated into, and are not binding upon Transco NTS pursuant to, the Code.
For each Day (or part of each such Day) in respect of each Aggregate System Entry Point, where Transco NTS determines that there is a Firm Capacity Shortfall at one or more Aggregate System Entry Points, Transco NTS will initiate, not earlier than 13:00 hours on the Preceding Day, a capacity selection period.
Transco NTS may enter into a Capacity Management Agreement with a User.
A daily capacity offer may not be withdrawn during a capacity selection period (irrespective of whether or not the daily capacity offer is in relation to an Aggregate System Entry Point at which, for the purposes of capacity selection, there is a Firm Capacity Shortfall) and where a User seeks to withdraw an offer during such period, Transco NTS will notify the User that a capacity selection period is current and Transco NTS may, subject to paragraph 2.10.6, accept such daily capacity offer.
Where there is no Available Daily Capacity in respect of an Aggregate System Entry Point for a Day, or the amount thereof is less than the minimum eligible amount, Transco NTS will not accept any daily capacity bids.
Any price to be specified by Transco NTS or a User pursuant to any provision of this paragraph 2 shall be expressed in pence/kWh/Day and specified to four decimal places.